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LOL you're both a re and a pussy, BlaKKKe.You're a rambling re
A “rambling re ” has taken you to the woodshed over and over again. What’s that make you?You're a rambling re
LOL you're both a re and a pussy, BlaKKKe.You're a rambling re
If we both agree you're a re , then your victory claim goes from worthless to hilarious.
https://edition.cnn.com/2025/06/26/e...s-gdp-q1-finalThe US economy shrank much faster in the first quarter than previously reported
The US economy contracted in the beginning of the year at a much faster pace than previously reported, after new data factored in much weaker consumer spending.
Gross domestic product, the broadest measure of economic output, registered an annualized rate of -0.5% from January through March, the Commerce Department said Thursday in its third and final estimate. That’s worse than the 0.2% decline reported in the second estimate. GDP is adjusted for seasonal swings and inflation.
The latest estimate showed that consumer spending — the lifeblood of the US economy — was tepid in the beginning of the year. Spending in the first quarter grew at a rate of just 0.5%, down from 1.2% in an earlier estimate. That’s the weakest rate in more than four years.
The first quarter’s decline in GDP was attributed to a massive trade deficit as American businesses rushed to stock up on imports to get ahead of President Donald Trump’s stiff tariffs. The third estimate revised imports down, but they still greatly exceeded exports, which subtracted from GDP.
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https://www.cnbc.com/2025/06/27/pce-...may-2025-.htmlCore inflation rate rose to 2.7% in May, more than expected, Fed’s preferred gauge shows
Prices that consumers pay rose slightly in May, while the annual inflation rate edged further away from the Federal Reserve’s target, according to a Commerce Department report Friday.
The personal consumption expenditures price index, the Fed’s primary inflation reading, rose a seasonally adjusted 0.1% for the month, putting the annual inflation rate at 2.3%. Economists surveyed by Dow Jones had been looking for respective levels of 0.1% and 2.3%.
Excluding food and energy, core PCE posted respective readings of 0.2% and 2.7%, compared with estimates for 0.1% and 2.6%. Fed policymakers consider core to be a better measure of long-term trends because of historic volatility in the two categories. The annual rate was 0.1 percentage point ahead of the April reading.
The Fed targets inflation at 2%, a level where it has not been since early 2021.
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Trump is bringing on stagflation
Ya'll have predicted hyperinflation, stagflation, and deflation in the last 4 months
You predicted recession the entire Biden administration.
Nope, I've been fairly steady with the stagflation call
Trump keeps making TACOs
Is it a good thing when US consumer spending falls?
Income fell last month too, by 0.4%
https://www.cnbc.com/2025/06/27/deep...o-tariffs.htmlDeep inside U.S. economy, more sticker prices start going up due to tariffs, and inventory is headed down
On the surface of the U.S. economy, prices are higher. The latest inflation data out on Friday from the government showed a bigger uptick than forecast. On Thursday, Nike said it took a $1 billion hit due to tariffs and the fact that price increases have yet to be implemented.
Inside the U.S. economy, within distribution networks that manage inventory, there are fewer items overall due to the trade war, but more goods on which sticker prices are going up.
“We are now seeing multiple customers increasing pricing,” said Ryan Martin, president of distribution and fulfillment for ITS Logistics.
While price tags are placed on items at the manufacturer, Martin said over the past month his company has started re-ticketing “millions of units of products for many customers,” items ranging from apparel to consumer products in the warehouse being prepped for eventual delivery or immediate transport to stores.
Depending on the product, price increases range from 8%-15%, he said.
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with the clock running out on the 90 day pause and few deals trickling in, Trump announces no deals will be necessary
counterparties will be notified by mail what their tariffs are
https://www.axios.com/2025/06/29/trump-tariffs-pause"We made deals, but I'd rather just send them a letter, a very fair letter, saying 'congratulations, we're going to allow you to trade in the United States of America, you're going to pay a 25% tariff, or 20%, or 40 or 50%.' I would rather do that," Trump said on Fox News' "Sunday Morning Futures."
Asked about extending the pause, Trump said "I don't think I'll need to. I could, there's no big deal."
"What I wanted to do is, and what I will do just — sometime prior to the 9th — is we'll send a letter to all these countries," he added.
"I'm going to send letters. That's the end of the trade deal," Trump said, giving U.S. ally Japan as an example.
- "Dear Mr. Japan, here's the story. You're going to pay a 25% tariff on your cars," he said.
- Trump said letters would go out "pretty soon" and that "we don't have to meet. We understand, we have all the numbers."
Mr. Japan?
seriously who the can seriously think this guy is a competent leader of anything at all.
Dear Mr Gulf of Mexico, my phone company that's worse than Cricket will be changing your name to Gulf of America in 2-3 weeks
totally incoherent
Trump s will still complain about Biden being oldtotally incoherent
https://www.cnbc.com/2025/07/01/powe...r-tariffs.htmlPowell confirms that the Fed would have cut by now were it not for tariffs
Federal Reserve Chair Jerome Powell said Tuesday that the U.S. central bank would have eased monetary policy by now if not for President Donald Trump’s tariff plan.
When asked during a panel if the Fed would have lowered rates again this year had Trump not announced his controversial plan to impose higher levies on imported goods earlier this year, Powell said, “I think that’s right.”
“In effect, we went on hold when we saw the size of the tariffs and essentially all inflation forecasts for the United States went up materially as a consequence of the tariffs,” Powell said at European Central Bank forum in Sintra, Portugal.
Powell’s admission comes as the Fed has entered a holding pattern on interest rates despite mounting pressure from the White House.
The Fed last month held the key borrowing rate steady once again, keeping fed funds at the same range between 4.25% and 4.5% where it’s been since December.
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https://finance.yahoo.com/news/u-pri...125054121.htmlU.S. private employers shed 33,000 jobs in June - ADP
U.S. private payrolls dipped by 33,000 in June, worse than expectations for growth of 99,000, reflecting a hesistancy among employers to hire and reluctance among workers to leave in a time of tariff-fueled economic uncertainty.
The ADP National Employment Report was also revised to 29,000 in May, lower than an initial reading of 37,000 -- which was itself the smallest gain since March 2023.
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https://www.reuters.com/business/us-...te-2025-07-01/US manufacturing mired in weakness as tariffs bite
WASHINGTON, July 1 (Reuters) - U.S. manufacturing remained sluggish in June, with new orders subdued and prices paid for inputs creeping higher, suggesting that the Trump administration's tariffs on imported goods continued to hamper businesses' ability to plan ahead.
The Ins ute for Supply Management (ISM) said on Tuesday that its manufacturing PMI nudged up to 49.0 last month from a six-month low of 48.5 in May. It was the fourth straight month that the PMI was below the 50 mark, which indicates contraction in the sector that accounts for 10.2% of the economy. Economists polled by Reuters had forecast the PMI little changed at 48.8.
The survey joined weak data on the housing market, consumer spending and swelling unemployment rolls that have suggested the economy's underlying momentum slowed further in the second quarter even as gross domestic product probably rebounded as the drag from a record trade deficit faded due to falling imports.
A measure of domestic demand grew at its slowest pace in more than two years in the January-March quarter. President Donald Trump's sweeping tariffs, which have led businesses and households to front-run imports and goods purchases to avoid higher prices from duties, have muddled the economic picture. Economists warned it could take time for the tariff-related distortions to wash out of the economic data.
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