Trump's economic policies impacting grocery prices, mortgage rates - CNN

[TexasTowelie]

President Trump promised to lower grocery bills. But economists and companies say that his administration's policies are hiking grocery costs.

Grocery prices last month rose at their fastest pace in three years, stoked by Trump’s tariffs, a crackdown on immigration, and extreme weather hurting food production. Prices jumped 0.6% in August from the month prior, according to the latest reading from the Bureau of Labor Statistics, and they are up 2.7% from a year ago. Food prices are deeply personal to consumers, and weekly grocery bills shape their overall perceptions of the economy. More than half of Americans count grocery costs as a major stress in their lives.

The Federal Reserve on Wednesday lowered interest rates for the first time since December to support America’s faltering labor market. The Fed cut its benchmark lending rate by a quarter point to a new range of 4% to 4.25%. It’s the first rate cut of President Donald Trump’s second term, following a nine-month pause prompted by the uncertainty surrounding the administration’s major policy shifts.

CNN's Danny Freeman speaks with personal finance columnist Terry Savage.

[Eliot Rosewater]

1. CNN you must stop calling what this piece of shit is doing "economic policies"

Doesn’t even know what those two words mean let alone anything about economics etc.

Call it “Trump‘s bumbling self profiting nightmare.”

[Uncle Joe]

2. It isn't just tariffs, the administration is attacking the dollar on multiple fronts,

so prices have no where to go but up.

When they fire statisticians for reporting unfavorable numbers, they undercut the dollar, when they attack the FED for simply not bowing to political wishes and lower interest rates, they undercut the dollar.

Those actions and more undercut the good faith and credibility perception of U.S. debt obligations; and the dollar is one form of that.

Thanks for the thread TexasTowelie