Inflation picks up again in June, increasing the likelihood that stagflation will start this year and making it less likely the Fed will cut interest rates because that will make inflation worse 🇺🇸
Consumer prices rose in June as the Trump Administration’s tariffs began to slowly work their way through the U.S. economy. Inflation will go up even more over the next several years
as the Big Beautiful Bill policies start rolling out. Basically Americans will be paying higher and higher prices for the next few years so that the Trump Administration can afford to give billionaires tax cuts. 🇺🇸
The full impact of the Trump Administration’s tariffs hasn’t started yet partly because manufacturers and retailers stocked up on foreign goods in February and March before the tariffs took effect and partly because many companies have been routing products through bonded warehouses where they can delay making tariff payments over several years and then pass the cost on to Americans over several years. 🇺🇸
lysee cake, brown rice mousse, pecan, caramel @ lysee #nyc
[Diets high in processed carbs and saturated fats have been associated with the development of cardiovascular disease]
