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2025-07-29 01:57:56 UTC

Vanni Di Ponzano ⁂🚴 ❤️ ☕ 🍎 on Nostr: "The Fed sees elevated consumer prices and increased inflation ahead as the trade war ...

"The Fed sees elevated consumer prices and increased inflation ahead as the trade war intensifies. Prior to Trump, the average tariff on stuff coming into America was 2.3%. Now it’s topped 17%, which is the highest since 1934 (a year of intense misery and suffering). Given the ‘deals’ Trump has just made, that rate is set to crest above 19% – the stiffest since 1906. That’s when this guy was president. Nice stash. "

--- Garth Turner