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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Halls of Shrewd'm / US Policy
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Author: Dope1 ⎊  😊 😞
Number: of 84359 
Subject: Inflation data
Date: 05/13/25 2:34 PM
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...is in. The tariffs didn't explode pricing like the media said.

usatoday.com - CPI report april tariffs inflation data

Inflation eased to 4-year low in April as Trump's tariffs took effect, CPI report shows

Inflation eased to a four-year low in April as the nascent impact of President Donald Trump’s sweeping tariffs were offset by their cost-dampening effects in a slowing economy.

Overall consumer prices increased 2.3% from a year earlier, down from 2.4% rise the previous month, according to the Labor Department’s consumer price index, a measure of average changes in goods and services costs.

That’s the lowest annual increase since February 2021 but still leaves inflation moderately above the Federal Reserve’s 2% goal.

On a monthly basis, costs rose 0.2% after dipping 0.1% in March.

Prices for groceries, including eggs, used cars and airfares all fell sharply, while medical services and auto insurance and repairs continued to drift higher.

So the Fed's call of keeping the rates the same was the right one; they'll want to see the rate drop below 2% before considering dropping the fed funds rate down.

JP Morgan has called off their recession prediction as well.

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This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
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