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#trumpcession — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #trumpcession, aggregated by home.social.

  1. The #Consumer Price Index rose 3.8% in April from a year earlier, the Labor Dept reported Tuesday, up from a 2.4% annual increase before the conflict started in February & a 3.3% increase in March.

    The increase was driven largely by #energy prices, up 3.8% since the previous month. Stripping out volatile food & energy prices, the index rose 2.8% in April.

    #Trump #economy #IranWar #WarOfChoice #Trumpcession #Inflation #TrumpsWar #war #MiddleEast #life #US #CostOfLiving #affordability

  2. The #Consumer Price Index rose 3.8% in April from a year earlier, the Labor Dept reported Tuesday, up from a 2.4% annual increase before the conflict started in February & a 3.3% increase in March.

    The increase was driven largely by #energy prices, up 3.8% since the previous month. Stripping out volatile food & energy prices, the index rose 2.8% in April.

    #Trump #economy #IranWar #WarOfChoice #Trumpcession #Inflation #TrumpsWar #war #MiddleEast #life #US #CostOfLiving #affordability

  3. The #Consumer Price Index rose 3.8% in April from a year earlier, the Labor Dept reported Tuesday, up from a 2.4% annual increase before the conflict started in February & a 3.3% increase in March.

    The increase was driven largely by #energy prices, up 3.8% since the previous month. Stripping out volatile food & energy prices, the index rose 2.8% in April.

    #Trump #economy #IranWar #WarOfChoice #Trumpcession #Inflation #TrumpsWar #war #MiddleEast #life #US #CostOfLiving #affordability

  4. The #Consumer Price Index rose 3.8% in April from a year earlier, the Labor Dept reported Tuesday, up from a 2.4% annual increase before the conflict started in February & a 3.3% increase in March.

    The increase was driven largely by #energy prices, up 3.8% since the previous month. Stripping out volatile food & energy prices, the index rose 2.8% in April.

    #Trump #economy #IranWar #WarOfChoice #Trumpcession #Inflation #TrumpsWar #war #MiddleEast #life #US #CostOfLiving #affordability

  5. The #Consumer Price Index rose 3.8% in April from a year earlier, the Labor Dept reported Tuesday, up from a 2.4% annual increase before the conflict started in February & a 3.3% increase in March.

    The increase was driven largely by #energy prices, up 3.8% since the previous month. Stripping out volatile food & energy prices, the index rose 2.8% in April.

    #Trump #economy #IranWar #WarOfChoice #Trumpcession #Inflation #TrumpsWar #war #MiddleEast #life #US #CostOfLiving #affordability

  6. RE: mastodon.social/@randahl/11656

    Is the *second* #Trumpcession going to turn into a depression?

    And if so, how quickly would it end if we charged people for the thrill of punching 🤜 #KevinHassert in his moronic and smirking face?

    #Resist the #Trump #kakistocracy in #USpol.

  7. RE: mastodon.social/@randahl/11656

    Is the *second* #Trumpcession going to turn into a depression?

    And if so, how quickly would it end if we charged people for the thrill of punching 🤜 #KevinHassert in his moronic and smirking face?

    #Resist the #Trump #kakistocracy in #USpol.

  8. RE: mastodon.social/@randahl/11656

    Is the *second* #Trumpcession going to turn into a depression?

    And if so, how quickly would it end if we charged people for the thrill of punching 🤜 #KevinHassert in his moronic and smirking face?

    #Resist the #Trump #kakistocracy in #USpol.

  9. RE: mastodon.social/@randahl/11656

    Is the *second* #Trumpcession going to turn into a depression?

    And if so, how quickly would it end if we charged people for the thrill of punching 🤜 #KevinHassert in his moronic and smirking face?

    #Resist the #Trump #kakistocracy in #USpol.

  10. #Trump's bad decisions are dragging the #USeconomy down. #American friends: how are your #finances right now? Will you punish Trump for basically robbing you?

    "The #economy barely grew in the final three months of last year, the Commerce Department said, as it cut its estimate of fourth-quarter growth in half. #Consumer spending, after adjusting for #inflation, was anemic in January, as inflation remained sticky-high. #Hiring has also ground largely to a standstill. And #Americans’ outlook for the economy tumbled after the U.S. and #Israel attacked #Iran, according to a survey of consumer sentiment also released Friday."
    ___
    Cracks emerged in a resilient US economy before war in Iran sent oil prices rocketing - apnews.com/article/economy-gdp

    #uspol #america #trumpflation #trumpcession #recession

  11. “Investors” accounted for 30.2% of home purchases in 2025, nearly double their share at the start of the #pandemic, according to data from Cotality. A report from Realtor.com found the change wasn’t because of a surge of investor activity, but rather a pullback from traditional buyers who could no longer afford today’s prices.

    #WealthDivide #inequity #economy #affordability #CostOfLiving #housing #Trump #trumpcession #recession

  12. The strain in the #housing market has become a key political issue, & #Trump has raised a number of [impractical] ideas for how to address the costs — like introducing 50-year mortgages, barring Wall Street investors from buying single-family homes & directing Fannie Mae & Freddie Mac to purchase $200 billion in mortgage-backed bonds. His admin has yet to follow through on most of them.

    #economy #affordability #CostOfLiving #trumpcession #recession

  13. #MortgageRates Rise as #Iran #War Ripples Through #FinancialMarkets

    #Mortgage are climbing again as new #inflation concerns have roiled financial #markets.

    The average 30-year fixed-rate mortgage rate in the #US rose to 6.11%, the mortgage-financing giant Freddie Mac said Thursday, the second week in a row that rates have risen.

    #economy #affordability #CostOfLiving #Trump #trumpcession #recession
    nytimes.com/2026/03/12/busines

  14. "[D]irect your attention to this chart from our September 2025 Strength In Numbers/Verasight #poll, which showed 53% of U.S. adults said #Trump’s policies were making the country’s #economy worse off..."

    Looks like it's not "#Biden's economy" any more.
    __
    53% of #Americans say Trump has made the economy worse - gelliottmorris.com/p/53-of-ame

    #uspol #trumpconomy #trumpcession #recession #unemployment

  15. The report is certain to stoke divisions at the #FederalReserve, which holds its next meeting on March 17-18. Some officials appear highly concerned about the health of the #labor market & willing to cut rates to support it, while others seem more focused on the risk posed by #inflation, especially given the conflict in the #MiddleEast.

    #Trump #economy #recession #trumpcession #business #jobs #unemployment #affordability #CostOfLiving

  16. The number of job openings in December, the most recent data available, fell to its lowest level since Sept 2020.

    The #Trump admin’s #immigration crackdown has contributed to slower growth in the supply of #labor. That has made it difficult to determine if a slowdown in job growth is caused by decreasing demand for workers, fewer available job-seekers or a combination of both.

    #economy #recession #trumpcession #business #jobs #unemployment #affordability #CostOfLiving

  17. The report dimmed the picture of the #labor market & all but shut down the prospect of a resurgence in growth after an anemic year of hiring that was weighed down by economic uncertainty. Many economists had forecast that employers would shake off their reluctance to hire this year — but not so much.

    #Trump #economy #recession #trumpcession #business #jobs #unemployment #affordability #CostOfLiving

  18. The #US #labor market lost 92,000 #jobs in February, a striking loss signaling a warning flag for the #economy

    Employers cut 92,000 jobs in February, the Labor Department reported on Friday, & the #unemployment rate rose to 4.4%. The job losses cut across nearly all major sectors, including health care.

    #Trump #recession #trumpcession #business #affordability #CostOfLiving
    nytimes.com/live/2026/03/06/bu

  19. #Trump promised his reign of terror would magically lead to many new good jobs for #Americans. This was a lie, and the data prove it:

    "Preliminary data had indicated that the U.S. #economy added 584,000 #jobs last year. But the Bureau of #Labor Statistics revised that number after it received additional state data and found that the labor market had added 181,000 jobs in all of 2025."
    ___
    U.S. had almost no job growth in 2025 - nbcnews.com/business/economy/j

    #uspol #unemployment #trumpconomy #trumpcession

  20. Authored by Cavallo & two colleagues, it finds that “#US #consumers were bearing roughly 43% of the tariff-induced border cost after 7 months, with the remainder absorbed mostly by US firms.” Cavallo said by email that import prices hadn’t fallen much, “which suggests foreign exporters did not reduce their pre-tariff prices enough to shoulder a large share of the burden.″

    #delusional #Trump #economy #tariffs #inflation #CostOfLiving #affordability #recession #trumpcession #FactCheck #TrumpLies

  21. Alberto Cavallo, an economist at Harvard & the author of a study on the impact of #tariffs [stupidly] cited by #Trump in his op-ed, has found that Trump’s tariffs have boosted overall #inflation by roughly three-quarters of a percentage point.

    #delusional #economy #CostOfLiving #affordability #recession #trumpcession #FactCheck #TrumpLies

  22. The impact of the #Trump #tariffs can be more clearly seen in core goods prices, which also exclude food & energy. Before the pandemic, core goods costs typically barely rose — or even fell — each year, but last December they were 1.4% higher than a year earlier. That was the largest increase, outside the pandemic, since 2011.

    #delusional #economy #inflation #CostOfLiving #affordability #recession #trumpcession #FactCheck #TrumpLies

  23. Annual core #inflation for the final six months of 2025 is higher at 2.6%. That is down from January 2025’s level but about where it was in October 2024. Overall, inflation has leveled off this year, & was 3% in September before the [orchestrated] government #shutdown, the same as it had been in January 2025.

    #Trump #delusional #economy #CostOfLiving #affordability #recession #trumpcession #FactCheck #TrumpLies

  24. #Trump’s figure for annual #inflation in the past 3 months — which excludes the volatile #food & #energy prices — is low, but reflects data distorted by the [orchestrated] government #shutdown in Oct & Nov, which disrupted the government’s #data collection & forced the agency that compiles the figures to plug in rough estimates in some categories that artificially lowered overall inflation.

    #delusional #economy #CostOfLiving #affordability #recession #trumpcession #FactCheck #TrumpLies

  25. CLAIM: “Annual core inflation for the past 3 months has dropped to just 1.4% — far lower than almost anyone, other than me, had predicted.”

    THE FACTS: #Trump is using cherry-picked data to vastly exaggerate where #inflation stands.

    #delusional #economy #CostOfLiving #affordability #recession #trumpcession #FactCheck #TrumpLies

  26. #Trump also likes point to solid gains in the #US #StockMarket. He noted that #stocks hit new highs 52 times in 2025. It’s true that the US stock market did well last year. But it underperformed many foreign stock markets. The benchmark S&P 500 index climbed 17% — a nice gain but short of a 71% surge in South Korea, 29% in Hong Kong, 26% in Japan, 22% in Germany & 21% in the UK.

    #delusional #economy #inflation #CostOfLiving #affordability #recession #trumpcession #FactCheck #TrumpLies

  27. In 2024, the last year of the #Biden presidency, American GDP grew 2.8%, adjusted for #inflation, faster than any wealthy country in the world except Spain. It also expanded at a healthy rate from 2021 through 2023. All while recovering from the pandemic that began under & was made incredibly worse by #Trump.

    #delusional #economy #inflation #CostOfLiving #affordability #recession #trumpcession #FactCheck #TrumpLies

  28. Here’s a look at the facts around Trump’s assessment of tariffs∶

    CLAIM: “Just over one year ago, we were a ‘DEAD’ country. Now, we are the ‘HOTTEST’ country anywhere in the world!’”

    THE FACTS: This is a standard statement from #Trump. But the #US #economy was hardly “dead” when Trump returned to office last year. And in Trump’s second term, it’s performed strongly — after getting off to a bumpy start.

    #delusional #inflation #CostOfLiving #recession #trumpcession #FactCheck #TrumpLies

  29. Since 2009? Who remembers the #GreatRecession?

    Tipping into #Trumpcession? Driven by tariffs, corrupt “deals” of self-enrichment, broligarch patronage, spiteful and delusional economic mismanagement?

    Last month was the worst January for layoff plans since 2009
    finance.yahoo.com/news/last-mo

  30. #EU freezes work on #US #trade deal ‘indefinitely’ after #Trump’s #Greenland & #tariff threats

    A key group of European Parliament members blocked a vote to ratify a US-European trade deal Wednesday after Trump threatened to take over Greenland & charge as much as an additional 35% tariff on countries opposed to his ambitions.

    #MafiaState #idiocracy #geopolitics #economy #tariffs #inflation #affordability #CostOfLiving #recession #trumpcession #law #InternationalLaw
    cnn.com/2026/01/21/business/eu

  31. #US #ConsumerPrices increased in December, lifted by higher costs for #rents & #food as some of the distortions related to the government shutdown that had artificially lowered #inflation in November unwound, cementing expectations the #FederalReserve would leave #InterestRates unchanged this month. [Hence the #Trump #DOJ “criminal investigation” into #Fed Chair #JeromePowell]

    #economy #affordability #CostOfLiving #recession #tariffs #trumpcession

  32. #JanetYellen bristled at the notion that #JeromePowell might have lied.

    “Knowing Powell as well as I do, the odds that he would have lied are zero so I do believe they’re going after him because they want his seat & want him gone,” she said.

    #Trump #RevengePolitics #DOJ #law #economy #independence #FederalReserve #autocracy #despotism #dictatorship #tyranny #recession #trumpcession

  33. Former #Fed Chair #JanetYellen on Monday condemned an investigation into her successor, #JeromePowell, saying it compromises the #CentralBank’s #independence.

    Yellen said using the Fed’s key overnight borrowing rate to manage the debt is irresponsible & “the road to a banana republic.”

    #Trump #DOJ #law #economy #FederalReserve #autocracy #despotism #dictatorship #tyranny #recession #trumpcession
    cnbc.com/2026/01/12/yellen-say