Euphoria Grows as Inflation Fears Recede Under Trump
Submitted by MAGA
Posted 5 hours ago
Euphoria is sweeping through the nation as inflation fears continue to recede, according to new data from the New York Federal Reserve.
In a encouraging turnaround, Americans reported growing optimism about their economic future, correlating directly with recent decisions made by President Donald Trump.
The New York Fed's Survey of Consumer Expectations highlighted a significant decrease in one-year inflation expectations, dropping to 3.2%, a decline of 0.4 percentage points from April.
At the three-year and five-year outlooks, expectations have similarly diminished, now standing at 3% and 2.6%, respectively.
While these figures remain above the Federal Reserve's 2% target, the improvements signal a positive shift in sentiment during a time when many had grown anxious about rising costs.
The downturn in inflation expectations coincides with Trump’s reassessment of proposed tariffs.
After initially imposing universal tariffs on all imports, Trump has opted for a negotiable approach, offering other nations a 90-day window for discussions that are set to conclude in July.
National Economic Council Director Kevin Hassett reinforced this positive trend, stating, "By every measure of inflation, it's down by more than it's been in more than four years."
He pointed out that while tariff revenues have increased, inflation rates have also begun to decline, contradicting doom-and-gloom narratives circulated by critics.
Beyond inflation figures, the survey also revealed a brighter outlook for employment.
The percentage of participants fearing job loss over the next 12 months fell to 14.8%, demonstrating growing confidence in the job market.
Further evidence of this optimism is reflected in respondents' heightened confidence in the stock market, with 36.3% believing it will rise over the next year.
Despite persistent inflationary pressures, including a 5.5% rise expected in food prices, overall sentiment suggests that the Trump administration's economic approach is resonating with the American public.
The palpable shift in attitude is a welcome relief, especially as more Americans prepare to celebrate a summer filled with renewed economic hope.
As the negotiation window approaches its close, the Trump administration remains poised to navigate these economic challenges, promising continued vigilance to uphold economic stability and foster growth for all Americans.
Sources:
cnbc.com
bearingarms.com
legalinsurrection.com
In a encouraging turnaround, Americans reported growing optimism about their economic future, correlating directly with recent decisions made by President Donald Trump.
The New York Fed's Survey of Consumer Expectations highlighted a significant decrease in one-year inflation expectations, dropping to 3.2%, a decline of 0.4 percentage points from April.
At the three-year and five-year outlooks, expectations have similarly diminished, now standing at 3% and 2.6%, respectively.
While these figures remain above the Federal Reserve's 2% target, the improvements signal a positive shift in sentiment during a time when many had grown anxious about rising costs.
The downturn in inflation expectations coincides with Trump’s reassessment of proposed tariffs.
After initially imposing universal tariffs on all imports, Trump has opted for a negotiable approach, offering other nations a 90-day window for discussions that are set to conclude in July.
National Economic Council Director Kevin Hassett reinforced this positive trend, stating, "By every measure of inflation, it's down by more than it's been in more than four years."
He pointed out that while tariff revenues have increased, inflation rates have also begun to decline, contradicting doom-and-gloom narratives circulated by critics.
Beyond inflation figures, the survey also revealed a brighter outlook for employment.
The percentage of participants fearing job loss over the next 12 months fell to 14.8%, demonstrating growing confidence in the job market.
Further evidence of this optimism is reflected in respondents' heightened confidence in the stock market, with 36.3% believing it will rise over the next year.
Despite persistent inflationary pressures, including a 5.5% rise expected in food prices, overall sentiment suggests that the Trump administration's economic approach is resonating with the American public.
The palpable shift in attitude is a welcome relief, especially as more Americans prepare to celebrate a summer filled with renewed economic hope.
As the negotiation window approaches its close, the Trump administration remains poised to navigate these economic challenges, promising continued vigilance to uphold economic stability and foster growth for all Americans.
Sources:
cnbc.com
bearingarms.com
legalinsurrection.com
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