
I love me some good news when it comes to the economy. Especially after the last four years we went through with Biden.
The report showed that inflation came in cooler than expected at 0.3% versus a forecast of 0.4%. The U.S. Bureau of Labor Statistics (BLS) completed the report nine days past the due date and five days before the Federal Open Market Committee’s (FOMC) decision.
In a statement released today, Karoline Leavitt said, “Under President Trump, America is back – but inflation is not.”
Small aside: I love how the BLS can be 9 days late with no repercussions, but if I pay my taxes late it’s a big no-no. The government truly loves double standards almost as much as they love spending other people’s money.
Based on information provided by the U.S. Inflation Calculator, since Trump took office, inflation has averaged 2.65% each month.
Senate Minority Leader Chuck Schumer (D-NY) stated, “The inflation report today is just the latest warning sign that Donald Trump continues to squeeze the life out of working people in our economy.”
The Biden Administration had an inflation average of 4.9%. The Federal Reserve has a goal of keeping inflation at 2%.
Biden really said “Hold my beer” when it came to those inflation goal numbers. Just another reason I am grateful we have a Trump presidency and not a Biden or Harris one. I don’t think my savings account could have handled it. Here’s hoping things continue to trend in the right direction—I miss those 99-cent carton of eggs at the grocery store.