Well, howdy there, internet people, it's Bell again. So today, we're going to talk about

inflation going up and what it means for Trump's economic goals. The Federal Reserve's preferred

inflation gauge rose in a pretty clear indication that the tariffs Trump actually implemented

are starting to affect

prices. The Fed likes to look at the Personal Consumption Expenditures Price Index. What you're

going to hear the most about is that prices rose 2.6% in June. Or some outlets will talk about how excluding food and energy categories shows

prices rose 2.8% over the last year. Remember, the Fed wants a rate of 2%. These numbers are all going

the wrong way. Here's a pretty big sign that won't really

be discussed outside of economic outlets. Core CPE shows the one-month, three-month

average, and six-month average all going up. In short, inflation is on the rise and

looks like it's accelerating.

If you want to know why the Fed didn't cut interest rates this week, here you go.

In fact, things aren't necessarily looking great for September now.

Harry Chambers, who is an assistant economist at Capital Economics, said, quote, the, the above target rise in core prices in

June, upward revisions to previous month's data, and the sharp rise in core goods inflation

will do little to ease the Fed's concerns about tariff-driven inflation. If these pressures persist, as we expect, a September cut looks

unlikely. It certainly seems that Jerome Powell is steadily saving Trump from himself. Lower

rates would have likely sent the inflation higher. It's also worth noting that as Trump continues to sporadically claim

that gas prices are falling, gas prices jumped 0.9% from May to June. There's also an ominous sign

from the tourism industry. In just a month, airfares fell 0.7%,

and hotels drop 3.6%.

Services are falling, goods are going up.

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