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Let's Track the Economy (with objective empirical data?)

essentialsaltes

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Inflation rate edged higher by 2.4% in May, CPI report shows. Here's what that means.​

Inflation heats up in June as President Trump's tariffs start to bite

Consumer prices in June were up 2.7% from a year ago, according to a report Tuesday from the Labor Department

Rising rents were the main driver of inflation in June. But the price of clothing, appliances and toys also jumped — which likely reflects the effects of import taxes. Clothing prices rose 0.4% while the price of appliances and toys jumped nearly 2%.

Energy and food costs were also higher in June, while the price of new and used cars and airline tickets was down.

Falling energy costs had helped to keep overall inflation in check in recent months. But gasoline prices rebounded in June. And electricity costs jumped by 1%, as hot summer weather kept air conditioners busy.
 
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Akita Suggagaki

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In the midst of so much other chaos this gets missed.

Along with:

The US economy experienced a contraction in the first quarter of 2025, with a decrease of 0.5% in real GDP, marking the first decline since early 2022.

The US federal government is currently operating with a budget deficit. In the first nine months of Fiscal Year 2025, the deficit is $1.34 trillion, which is higher than the same period last year.

The current U.S. national debt is over $36.65 trillion. This figure represents the total outstanding borrowing by the federal government.

The US trade deficit, which represents the difference between the value of goods and services imported and those exported, increased in May 2025 to $71.5 billion, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. This is up from $60.3 billion in April (revised). The increase was driven by a decrease in exports and an increase in the goods deficit.




Getting worse by the day thanks to Trump.
 
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wing2000

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The Dollar Has Its Worst Start to a Year Since 1973

"The United States’ currency has weakened more than 10 percent over the past six months when compared with a basket of currencies from the country’s major trading partners. The last time the dollar weakened so much at the start of the year was 1973, after the United States had made a seismic shift that had ended the linking of the dollar to the price of gold."
 
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Akita Suggagaki

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The Dollar Has Its Worst Start to a Year Since 1973

"The United States’ currency has weakened more than 10 percent over the past six months when compared with a basket of currencies from the country’s major trading partners. The last time the dollar weakened so much at the start of the year was 1973, after the United States had made a seismic shift that had ended the linking of the dollar to the price of gold."
Seismic shifts do tend to though the economy and dollar for a loop.
 
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