Mastodawn

#Prices in the #US are rising at the fastest pace in years.

Officials at the #CentralBank [#FederalReserve] have embraced the possibility of higher #InterestRates [& #JeromePowell is NOT chairing the board anymore] to get resurgent inflation under control.

#economy #affordability #CostOfLiving #recession #trumpcession #Trump #policy
https://www.nytimes.com/2026/05/28/business/inflation-pce-gauge.html?smid=nytcore-ios-share

Iran War Lifts a Second Inflation Reading to Highest Level Since 2023

Officials at the central bank have embraced the possibility of higher interest rates to get resurgent inflation under control.

The New York Times

Show thread

Nonilex May 25

Travelers cite presidential rhetoric & policies manifesting in highly public #wars — both figurative & literal — as reasons for staying away.

Four million fewer foreign visitors came to the US in 2025 compared to 2024, with total spending decreasing by more than $8 billion.

#economy #recession #Trump #trumpcession #immigration #WhiteChristianNationalism #HateSpeech #StochasticTerrorism

Nonilex May 21

#Mortgage rates climb to highest level in 9 months

Turmoil in the #bond market, fueled by the #war with #Iran, is sending #US #MortgageRates higher & threatening to make buying a #home even more expensive.

The average 30-year fixed-rate mortgage rose to 6.51% this week, reaching the highest level since August of last year, according to Freddie Mac.

#economy #inflation #affordability #CostOfLiving #recession #trump #trumpcession
https://www.cnn.com/2026/05/21/economy/mortgage-rates

Mortgage rates climb to highest level in 9 months

Turmoil in the bond market, fueled by the war with Iran, is sending US mortgage rates higher and threatening to make buying a home even more expensive.

CNN

Nonilex May 19

A #bond rout is deepening as #inflation fears take hold of the Treasury #market, threatening to raise #borrowing #costs across the #US #economy.

The 30-year US #Treasury yield just hit 5.2%, its highest level since 2007, rising on worries about persistent price hikes because of the #IranWar. #Unsustainable government #finances & #InterestRate hike fears have also sent investors pouring out of Treasury bonds. Yields rise when bond prices fall.

#trumpcession #Trump
https://www.cnn.com/2026/05/19/business/30-year-treasury-yield-bond-record

30-year US Treasury yield hits highest level in 19 years

A bond rout is deepening as inflation fears take hold of the Treasury market, threatening to raise borrowing costs across the US economy.

CNN

Show thread

Nonilex May 17

“Not even a little bit,” #Trump said.

“I don’t think about Americans’ financial situation,” Trump continued, a stunningly frank admission that came after weeks spent either downplaying the conflict’s economic toll or simply asking Americans to be patient. His only consideration, Trump said, was preventing Iran from acquiring a nuclear weapon: “That’s all.”

#US #economy #inflation #CostOfLiving #affordability #recession #trumpcession #billionaire #plutocracy #kleptocracy

Show thread

Nonilex May 17

But in recent weeks, as Americans feel deep economic strain from the #war he launched in #Iran, Trump’s actions & words have opened him up to accusations that he is either out of touch with — or indifferent to — the lives of everyday Americans. [why not both?]

#US #economy #inflation #CostOfLiving #affordability #recession #trumpcession #Trump #billionaire #plutocracy

Nonilex May 17

#Trump Remarks Reveal a [Callous] #Billionaire Out of Touch

With his generational wealth, his 20-acre Mar-a-Lago estate in Palm Beach, FL, & his lucrative family businesses around the world, Trump has never…[been]…an ordinary American.

Instead, he has argued that he could use his [bogus] business savvy to help lift up the country’s forgotten men & women.

#US #economy #inflation #CostOfLiving #affordability #recession #trumpcession
https://www.nytimes.com/2026/05/17/us/politics/to-critics-trump-remarks-reveal-a-billionaire-out-of-touch.html?smid=nytcore-ios-share

To Critics, Trump Remarks Reveal a Billionaire Out of Touch

The president has never pretended to be an ordinary American, but a recent “truth bomb” has opened him to criticism that he doesn’t grasp the economic strain of his war with Iran.

The New York Times

Show thread

Nonilex May 12

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

Nonilex May 12

#Trumpcession

#Inflation shot up 3.8% in April as #TrumpsWar greatly increased #energy costs

#Consumer #prices in the #UnitedStates rose at the fastest rate since May 2023 last month, as sharp increases in energy costs caused by #war in the #MiddleEast made #life more expensive for #US consumers.

#Trump #economy #IranWar #WarOfChoice #CostOfLiving #affordability
https://www.nytimes.com/2026/05/12/business/economy/cpi-inflation-report-consumer-prices.html?smid=nytcore-ios-share