The Daily Signal Inflation Drops, Stocks Wobble, House Passes SAVE Act & Budget | April 11, 2025
Apr 11, 2025
Inflation has dropped to 2.4%, influenced by falling energy prices. Meanwhile, the stock market is feeling the jitters due to uncertainties around government funding. The House has narrowly passed the SAVE Act, raising significant debates over voter eligibility and citizenship requirements. Tensions with China are also impacting cultural exchanges, particularly in film. Lastly, the challenges surrounding domestic lumber production highlight broader issues of political identity and economic strategy.
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Inflation Decrease
- March 2025 inflation fell to 2.4%, the lowest since March 2021.
- This drop was influenced by falling energy prices, stable gasoline prices, and lower costs for prescription drugs, airfare, used cars, and insurance.
Stock Market Volatility
- The stock market experienced significant losses, with the Dow down 2.5%, NASDAQ down 4.3%, and S&P 500 down 3.4%.
- This volatility is attributed to uncertainty surrounding the government funding resolution and the ongoing trade war with China.
Budget Resolution Passes
- The House narrowly passed the 2025 budget resolution with a 216-214 vote.
- Two Republicans voted against it, and two Democrats passed away before the vote.