Whether you’re talking about consumer inflation or producer inflation, we are seeing a dramatically improved economic picture.
Gas down 12%. Core inflation at 2%, down to its lowest level in four years.Wages climbing fast. So why isn’t the Fed cutting interest rates?
There’s no inflation in the Trump economy.
“The Fed is strangling the economy with Biden era interest rates even though Trump brought inflation down to just 1.5%.
That’s actually below the Fed’s target. Jerome Powell spent 4 years trying to bail out Biden and Harris. Now he’s doing everything he can to hurt Trump.” (X)
INFLATION COOLS UNDER TRUMP: PRICES FALL, WAGES RISE
Gas down 12%. Core inflation at 2%. Wages climbing fast.
New CPI data shows inflation coming in below expectations again, continuing a streak that started the moment Trump took office.
Jerome Powell is asleep at the wheel. If he cut rates by just 1%, America would save $300 billion a year. Inflation is low, the economy is ready—what’s he waiting for? It’s time to do the job, not play catch-up. – @howardlutnickpic.twitter.com/YYVoZPwe5g
JUST IN: Prices barely climbed in April, pulling the annual rate of inflation down toward the Federal Reserve’s two percent target, even while personal income climbed at a rapid rate. pic.twitter.com/zFPUbRcviM
The Democrats and their media lapdogs beat us about the head for months that Trump’s tariffs were going to trigger a recession and cause inflation to spike, and we’re seeing the exact opposite happen.
Of course President Trump really wants the Fed to begin cutting rates.It’s the rational and logical economic response. He’s asking for a 100 basis point cut. If you recall, Powell cut 100 basis points right before the election, and that was with inflation rates actually much higher than where they’re at right now.
As economist Mark Tepper pointed out: It would be great for interest rates to come down. It would really help to propel the economy and drive more economic growth, not just from a standpoint of mortgages becoming more affordable for consumers, but really from a standpoint of business loans. If a business were able to take out a a 7% loan versus a nine or 10% loan, that’s going to give them the ability to purchase more equipment, which generates jobs, they can hire more people, they can really drive growth, which is going to help us to grow as an economy. It’s going to help us to generate that bigger economic base so that we can start to chip away at the deficit and the debt, all the things that we need to be doing right now.
MIRAN: “The concern over tariffs leading to inflation is massively overstated right now. Inflation’s gonna keep coming down…it’s due to the president’s pro-supply side policies—things like tax incentives…no tax on tips, no tax on overtime, tax relief for seniors.” pic.twitter.com/t0tCnu7kEi
May inflation rate 1/2 of what was expected…turning a down pre-market all green. So far the Fed’s inflation boogeyman is nowhere to be seen. Talk about Powell being behind the curve…again! pic.twitter.com/4L91Unhk2n
— Rapid Response 47 (@RapidResponse47) June 3, 2025
The Numbers:
3.8% Q2 GDP Growth (Atlanta Fed estimate)
139,000 jobs added in May (above 126,000 expected)
Inflation at 0.1% MoM (vs 0.2 expected) and 2.4% YoY
Trade deficit cut in half
Polymarket odds of recession down from 66% in April to 23% today
Trump approval +6 in Morning Consult, +7 in Rasmussen
Democrat Party approval -49 in Quinnipiac
The Federalist: Though the left-wing propaganda apparatus continues to prophesy doom, Trump’s tariffs appear to be having a negligible impact on inflation, with year-over-year inflation rates hitting lows not seen since 2021. The stock market, which tanked following Trump’s Liberation Day announcement, has also recovered and is close to the highest it’s been since Trump was inaugurated.
The Consumer Price Index summary released Wednesday morning by the U.S. Bureau of Labor Statistics shows that inflation only increased 2.4 percent year-over-year in May. This is slightly higher than April’s 2.3 percent increase, but is still significantly lower than the five percent May year-over-year increase during Biden’s first year in office. May’s monthly increase of 0.1 percent is also down from April’s 0.2 percent increase. The core inflation rate, which is calculated without unstable food and energy costs, increased only 0.1 percent in May.
White House Policy Communications Director Jacki Kotkiewicz posted a list of “where prices are falling the most” under the Trump administration on Wednesday. This includes a 12.5 percent year-over-year decrease in gas, according to Kotkiewicz.
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