#Inflationrate

Trump’s Take: President Trump is celebrating this dip, calling it proof that his economic policies are working. He went as far as saying, “There is NO INFLATION,” pointing to falling food and energy costs. He also called for the Federal Reserve to lower interest rates, as he believes the economy doesn’t have any inflationary pressures.

Caution Ahead: Economists warn the relief might be temporary. There’s still uncertainty with ongoing trade tensions, especially with China, which could push prices up in the future.

Market Impact: Stocks reacted positively to the news. The Dow Jones surged by 2,962 points, its best one-day gain ever, thanks to the announcement of a 90-day tariff pause.