What A Day

Inflation Is Up Again. What Does That Mean For Your Wallet?

6 snips
Feb 13, 2025
Victoria Guida, an economics correspondent for Politico, breaks down the rising inflation that's caught policymakers off-guard, affecting costs from groceries to housing. She explains the implications of these economic changes amidst Donald Trump’s unfulfilled promises. The discussion highlights the tug-of-war between public perception and economic reality. They also touch on how domestic policies might influence international relations, with a focus on Trump's conversations with world leaders regarding the ongoing Ukraine situation.
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INSIGHT

Inflation Concerns

  • January's inflation increase, while higher than predicted, isn't drastically different from recent trends.
  • The Federal Reserve aims for 2% inflation, but current rates hover around 3%.
INSIGHT

Trump's Impact on Inflation

  • It's difficult to blame the new Trump administration entirely for the recent inflation spike after only three weeks.
  • Trump's tariff threats might have played a role, but January typically sees price increases.
INSIGHT

Presidential Power Over Prices

  • Presidents have limited control over specific prices like groceries.
  • Deflation, or generally decreasing prices, is typically a sign of recession.
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