Trump says inflation is 'defeated' and the Fed has cut rates

Inflation has ticked up in three of the past four months, reaching 2.9% in August—still above the Federal Reserve’s 2% goal—even as President Donald Trump and some Fed officials strike a calmer tone. The central bank cut rates while betting recent tariffs will prove temporary, a gamble economists warn could erode credibility. Tariffs are lifting costs on goods from furniture to canned soup; groceries rose 2.7%, and coffee nearly 21%. Companies say they’re passing along increases, and the September inflation report may be delayed by the government shutdown.

Reviewed by JQJO team

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