The effect isn’t yet enough to derail the economy, which by many measures has weathered Trump’s trade wars much better than many on Wall Street and in Washington feared. Economists see less risk of a recession now than three months ago, a Wall Street Journal survey found.$BTC #BTCWhaleTracker
Yet a long stretch when Trump’s policies left little imprint on the hard data appears to be ending.
Investors have grown accustomed to America rolling with the punches, first during the pandemic in 2020-21 and then during the Federal Reserve’s interest-rate increases from 2022-23. This time, pressure is building internally in hard-to-predict ways.#MemecoinSentiment
Tuesday’s inflation numbers for June came in close to economists’ expectations at 2.7% annually. But there were price bumps on what Americans pay for key imports such as furniture and clothing, a potential sign of tariff-linked price increases that many economists think will continue in the months ahead.#StrategyBTCPurchase
The costs for core goods excluding autos rose at their fastest monthly pace in three years, according to UBS. Barring a recession or pullback in tariffs, analysts at the bank project that overall inflation won’t slow to April’s 2.3% rate between now and the end of 2027.#TrumpCrypto $TRUMP
