Man, it must pain CNN to the core to have to report on these numbers:
Wolf Blitzer...
Didn't seem too enthusiastic there!
Yes, inflation is down. I'll keep it with CNN:
US inflation slowed to its lowest rate in more than four years, an unexpected and welcome development at a time when President Donald Trump's dramatically escalated tariffs are expected to cause prices to rise.
Consumer prices rose 0.2% last month, bringing the annual inflation rate to 2.3%, an unexpectedly cooler reading than the 2.4% increase seen in March, according to the latest Consumer Price Index data released Tuesday by the Bureau of Labor Statistics.
I also came across these links from Zero Hedge:
We're going to have to give it a bit more time here, but it's almost like all this "the sky is falling" talk from the Left has been of the Chicken Little fashion.
This one was great as well:
The unexpected surge in revenue, and the resulting budget surplus means that the cumulative deficit for fiscal 2025 suddenly doesn't look catastrophic: recall that just four months ago, back in January, in the last month of Biden's reign, the US had already spent a record $840 billion for the first 4 months of the year, on pace to blow away all previous records. But then something changed, and first March saw a big slowdown in spending which resulted in a much more tame cumulative deficit through March, and then the April data meant that the cumulative deficit in the first seven months of the year, was actually an improvement, and dropped to just $1049 billion, down from a peak of $1037 billion in March, and below the run-rate of both 2021 and 2024.
Keep in mind, this was April, so we got a bunch of tax money, but it's still the second-largest surplus on record (April 2021 being the first).
Things are looking up in Trumpland, but we still likely haven't seen the full impact of Trump's trade moves, so we'll keep you posted as we find out more.
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