Well, howdy there, Internet people, it's bell again.

So today, we're going to talk about how Trump's tariff inflation is here.

Well, surprise everybody.

The inflation created by Trump's tariffs that was predicted by economists all over the world is starting to show.

Consumer prices rose 2.7% in June over last year and rose 0.3% just last month.

That's right.

While Trump was declaring that inflation is dead, it was actually rising.

Meanwhile, core inflation increased 2.9% over L.Y. While Trump was pushing

Fed Chair Jerome Powell to cut interest rates and going after him on social media, it certainly

seems like Powell's decisions were limiting the damage Trump did to the economy, and himself politically.

The expectation is that inflation will continue to fluctuate, but trend upwards as the various

groups in the supply chain try to avoid being the group that pays for Trump's tariffs.

Or as Powell said, quote, there's the manufacturer, the exporter,

the importer, the retailer, and the consumer, and each one of those is going to be trying not to be

the one to pay for the tariff, but together, they will all pay for it together, or maybe one party will pay it all,

but that process is very hard to predict, and we haven't been through a situation like this.

Trump's team tried to mitigate the damage of the numbers by pointing to lower prices on cars,

hotel rooms, and flights. Economists are currently trying to figure out of the numbers by pointing to lower prices on cars, hotel rooms, and flights. Economists are

currently trying to figure out if this is just rhetoric for the base or if the administration

has completely lost the plot. Lower prices on cars isn't a good sign for the economy. That

tends to signal lower demand because people don't have money.

From March to May, we don't have June's numbers yet.

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