Trade Wars and Tariffs

[Vol423]

Inflation still above 2.0 and tariffs still being worked out. Why would they cut?

This was me back on April 9 saying that the Fed wouldn't cut rates in June when all the so-called professional analysts were predicting a June rate cut.

I'm throwing out the prediction now that the Fed doesn't cut rates in June.

I don't think they were going to cut rates in June anyway, and I think there is no chance of it with these massive China tariffs in place.

 

[McDad]

This was me back on April 9 saying that the Fed wouldn't cut rates in June when all the so-called professional analysts were predicting a June rate cut.

 

[hog88]

The simple fact is if Trump really wanted Powell to cut rates he’d keep his Big Mac tariff hole shut.

Still believing that the Fed is non-political/partisan huh? Probably still believe in the Easter Bunny.

 

[NorthDallas40]

Still believing that the Fed is non-political/partisan huh? Probably still believe in the Easter Bunny.

I didn’t say that. However as long as Trump keeps up tariff, tariff, tariff it’s a simple thing for Powell to point at it and say uncertainty, uncertainty, uncertainty

 

[Vol423]

I didn’t say that. However as long as Trump keeps up tariff, tariff, tariff it’s a simple thing for Powell to point at it and say uncertainty, uncertainty, uncertainty

But Powell conveniently had NO uncertainty whatsoever that Bidenflation was "transitory".

 

[NorthDallas40]

But Powell conveniently had NO uncertainty whatsoever that Bidenflation was "transitory".

That too was also

 

[hog88]

That too was also

So you agree Powell and the Fed aren’t making decisions based on what Trump says or does?

 

[NorthDallas40]

So you agree Powell and the Fed aren’t making decisions based on what Trump says or does?

I agree they are being political here yes. But as I said it’s easy for Powell to justify no cuts as Trump keeps up his tariffs stupidity. They are supposed to be apolitical and immune from pressure but there is no such thing in DC anymore of anyone being apolitical.

And you remember who appointed Powell to his post … right?

 

[hog88]

I agree they are being political here yes. But as I said it’s easy for Powell to justify no cuts as Trump keeps up his tariffs stupidity. They are supposed to be apolitical and immune from pressure but there is no such thing in DC anymore of anyone being apolitical.

And you remember who appointed Powell to his post … right?

Yes I do remember. He made several bad appointments his first term.

 

[NorthDallas40]

Yes I do remember. He made several bad appointments his first term.

Lol! Oh well Biden made up for it and reappointed him too

 

[MontyPython]

Weak sauce, Juicebox.

The $2.8 trillion raised to pay down the deficit is revenue from taxpayers who are paying the duties on imported goods.

So, yeah, we can lower the budget deficit by effectively paying higher taxes.

Duuuuuuuuuuuh.

 

[MontyPython]

Still believing that the Fed is non-political/partisan huh? Probably still believe in the Easter Bunny.

Trump appointed Powell.

So, yeah, I’ll take some yellow Peeps and black jellybeans please.

 

[jmacvols1]

ppi numbers out......below expectation

U.S. MAY CORE PPI INFLATION RISES 3.0% Y/Y; EST. 3.1%; PREV. 3.2%*

LOWEST SINCE SEPTEMBER 2024




Kathy Jones
@KathyJones
·
32m
"More good news on inflation. Headline and core PPI were better than expected. While tariffs are making all the headlines, the disinflationary trend in services suggests that consumer demand is weakening."

=============================
need interest rate cuts
=============================

 

[BernardKingGOAT]

Yes I do remember. He made several bad appointments his first term.

And he's made even worse appointments this go around. Nothing but a bunch of unqualified and incompetent stooges

 

[jmacvols1]

 

[Sandman 423]

And he's made even worse appointments this go around. Nothing but a bunch of unqualified and incompetent stooges

Unqualified and incompetent stooges AKA politicians.

 

[hog88]

And he's made even worse appointments this go around. Nothing but a bunch of unqualified and incompetent stooges

I disagree.

 

[BernardKingGOAT]

Unqualified and incompetent stooges AKA politicians.

Dumbed downed rationalization

 

[Sandman 423]

Dumbed downed rationalization

and yours was a hasty generalization.

 

[BernardKingGOAT]

and yours was a hasty generalization.

If you say so

 

[Velo Vol]

How long do you imagine corporations will "eat" the tariffs? Some of you apparently believe they are going to be in place, generating hundreds of billions of dollars of revenue for 10 years (LOL).

You think companies are just going to say, "That's OK, we don't need the profit--we used to make--anyway."?

 

[jmacvols1]

How long do you imagine corporations will "eat" the tariffs? Some of you apparently believe they are going to be in place, generating hundreds of billions of dollars of revenue for 10 years (LOL).

You think companies are just going to say, "That's OK, we don't need the profit--we used to make--anyway."?

tarriffs are an ongoing negotiation so no one knows what the tarriff rates will be next month much less in 10 years.

the left just keeps hoping the US loses in trade just to have something to blame on Trump. it was just a couple of months ago Trump was going to crash to stock market. Trump keeps proving the left wrong time and again.

 

[jmacvols1]

Bingo

 

[NorthDallas40]

Bingo

This coming from the guy that just shrewdly negotiated a China deal that basically puts us back to where we started with the exception of 55% tariffs to be paid by US companies and consumers? I realize Bessent is largely just parroting his boss’s narrative but if he actually believes that post then he’s a moron.

 

[CobbVol]

Feds needs to do their job as there are 2 things that impact the cost of everything, oil and interest rates.

From the article:

Apparently, despite all the wailing, pearl-clutching and teeth gnashing from the multinationals, their economic punditry conscripts and the professional political apparatus, tariffs are not raising prices. Go figure.
What drove inflation before was energy prices, the Green New Deal (globally Build Back Better).

May Inflation Data Lower than Expected - May Tariff Revenue Reaches Record Highs - The Last Refuge

The headline is written to draw the contrast from what the professional economic pundits previously -and continuously- proclaim. Two charts tell the story. The first is “Tariff Revenues”: [SOURCE] The Second Chart is USA Inflation: [SOURCE] Apparently, despite all the wailing, pearl-clutching...

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