January Inflation

[SilentBirdHunter]

Core CPI rose in January to 3.3%.

Energy prices with 1.8% MoM rise in gasoline prices
The food index increased with the greatest rise in two years. A large component of that rise was driven by a 15.2% MoM increase in egg prices. This marked the largest jump since 2015, in part due to the ongoing Avian flu.

Not shocking news to anyone who pumped gas or bought groceries in January.

My fear is inflation is sticky and with tariffs likely to increase.
What goes up, rarely comes down.

The fed may not reduce interest rates anytime soon.

 

[elevatorman]

I'm not worried. The leveling of the playing field via tariffs is going to hugely benefit us. Not to mention saving billions if not trillions in cut out fraud and abuse and waste. Everyone scared if tariffs seems to forget EVERYONE else already tariffs us heavily! Look at what Canada tariffs us at. Insane. It's been a one way bludgeoning with us paying for it. Apple just announce what a half a trillion in manufacturing they're about to build in good old America. It's already working.

 

[SAJ-99]

Apple just announce what a half a trillion in manufacturing they're about to build in good old America

Promises are just for publicity. Bootlicking, if you will.
How is this plant coming along?

Trump announces $10B Foxconn plant in Wisconsin

WASHINGTON — President Donald Trump said Wednesday that electronics giant Foxconn will build a $10 billion factory in Wisconsin that’s expected to initially create 3,000 jobs, the largest economic development project in state history. The announcement comes at a critical juncture for a Trump...

www.timesrepublican.com

 

[noharleyyet]

Promises are just for publicity. Bootlicking, if you will.
How is this plant coming along?

Trump announces $10B Foxconn plant in Wisconsin

WASHINGTON — President Donald Trump said Wednesday that electronics giant Foxconn will build a $10 billion factory in Wisconsin that’s expected to initially create 3,000 jobs, the largest economic development project in state history. The announcement comes at a critical juncture for a Trump...

www.timesrepublican.com

Not well...

Foxconn plant, once touted by Trump as a 13,000-job juggernaut, will now create just 1,500 jobs

Former President Donald Trump said the Wisconsin factory complex would be "the eighth wonder of the world."

www.nbcnews.com

 

[SAJ-99]

Not well...

Foxconn plant, once touted by Trump as a 13,000-job juggernaut, will now create just 1,500 jobs

Former President Donald Trump said the Wisconsin factory complex would be "the eighth wonder of the world."

www.nbcnews.com

Yeah, it was rhetorical. LOL. But I'm sure you knew that.
That 2017 announcement was so Apple could get exclusions from the first set of tariffs. The most recent announcement is more of the same, probably? Would love to be wrong, although most of the money is going to be in R&D which is already done in the US. (another amazing example of controlling the narrative). Mostly I'm responding to another claim of tariffs being the proverbial "free lunch". Let's get 'em started.