The November inflation data was just released.
Year-to-year inflation in November is at 2.7%.
That is down from the 3.0% it was in September…and equally down from the 3.0% Trump inherited from Joe Biden.
Remember when we were told that the tariffs imposed by President Trump were going to blow up inflation and crash the stock market?
Well inflation is down. And all three major stock market indices – Dow, S&P and NASDAQ – have hit all-time highs within the past month.
The news is not all good, though. On the negative side, unemployment is up. It is now at 4.6%.
But taking all factors into consideration? I’ll happily take what is happening now over what was happening during the previous administration.
More on this in subsequent blogs.
