#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 - https://apnews.com/article/economy-gdp-consumer-spending-trump-government-shutdown-3172b6d0023717644c173cee94d44a79
Newly released data shows the U.S. economy was already showing signs of strain even before the launch of the Iran war, underscoring the risks that rising energy prices could pose. The economy barely grew in the final three months of last year, the Commerce Department said Friday, as it cut its estimate of fourth-quarter growth in half. Consumer spending, after adjusting for inflation, was anemic in January. Hiring has also ground largely to a standstill. Gasoline prices have raced closer to $4 per gallon, potentially squeezing household budgets already under pressure. Many Americans will receive larger-than-usual tax refunds because of President Donald Trump’s tax cut law last year, but higher gas costs, if they persist, could soak up much or even all of those gains.
“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
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
#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
https://www.nytimes.com/2026/03/12/business/mortgage-rates-rise-above-6-percent.html?smid=nytcore-ios-share
#Inflation was elevated last month as #gas prices rose in a snapshot of what consumer #prices looked like before the #Iran #war sent #energy costs soaring
#economy #Trump #trumpcession #recession #affordability #CostOfLiving
https://apnews.com/article/inflation-gas-oil-trump-7303e4593d62c2dee899489571cb0548?utm_source=onesignal&utm_medium=push&utm_campaign=2026-03-11-US+economy+
Inflation stayed stubbornly elevated last month as gas prices rose in a snapshot of what consumer prices looked like before the U.S.-Israeli attack on Iran sent energy costs soaring. Wednesday’s data has been overtaken by the conflict that began when the U.S. and Israel attacked Iran on Feb. 28, which has caused wild gyrations in oil prices as shipping lanes through the Persian Gulf have suffered a rare shutdown. Gas prices have already jumped and are expected to push inflation much higher when inflation data for this month is released in early April.
"[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 - https://www.gelliottmorris.com/p/53-of-americans-say-trump-has-made
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
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
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
JAY JAY
We Must Strike
Nonilex
