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Click On Picture To See Larger PictureTrump is imposing tariffs on the rest of countries to bring manufactures back to this the US. The US economy is growing the Fed is going to try to stop the growth by pushing back on the rate cut. The Fed inflation detector shows no sign of runaway inflation. Trump is now pushing the narrative to fire Powell, leverage is the name of the game. The [DS] is panicking, Trump and team are now indicting those who are treasonous to this country. The started out with the lying, he is testing the waters, testing the judges building the narrative for the people of this country. The [DS] players are pushing back by using Antifa. These will intensify over time and Trump will counter the insurgency/insurrection with the military. The military is the only way, buckle up.
Economy
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Trump Imposes 25% Tariff On Imported Heavy Trucks Starting Oct. 1
Deborah Elms of the Hinrich Foundation said the sweeping tariffs leave major questions unanswered, including whether they comply with existing trade agreements, but predicted they would “almost certainly drive up prices for American buyers.”
Source: zerohedge.com
Mexico is the largest supplier of medium- and heavy-duty trucks to the U.S., followed by Canada, Japan, Germany, and Turkey. Heavy-truck shipments from U.S. plants climbed from a low of $1.1 billion in April 2020 to $3.2 billion this July, though they have dipped modestly this year, Federal Reserve data shows.
Fed cautious on rate cuts as GDP surges; warns of potential inflation risks
Federal Reserve Chair Jerome Powell has stressed that the central bank will weigh the GDP numbers carefully as it considers future rate cuts. “If we ease too aggressively, we could leave the inflation job unfinished and need to reverse course later,” Powell said.
Source: 13wham.com
Fed's Favorite Inflation Indicator Shows No Sign Of Runaway Tariff Costs, As Savings Rate Slides
After a modest increase two months ago, and a steady print in July, analysts expected headline PCE to be steady at +2.6% YoY in August and Core PCE - the Fed's favorite indicator - to also be unchanged at 2.9% YoY... and the numbers all came in right in line with expectations.
Indeed, "as expected" is the them of this morning's data with headline and Core PCE both matching expectations and staying in the same range they have been in for two years... not exactly the Trump Tariff terror future that every "respected" economist predicted.
All those expecting a bounce in Durable Goods inflation will have to wait another month: in August it actually declined again, as did Nondurable Goods, while Services costs increased the most.
On the income side, there was more good news: after outpacing the private sector for nearly three years, wage growth of private workers (5.0% YoY) is once again rising faster than government workers. In fact, government worker wage growth of 4.2% was the lowest since August 2021.
Source: zerohedge.com
Political/Rights
BREAKING: Sinclair Caves, Will Bring Jimmy Kimmel’s Show Back