Trump says he ‘defeated’ inflation — so why do prices keep going up?
https://thehill.com/opinion/white-house/5554596-tariffs-raise-consumer-prices/?fbclid=IwdGRjcANdLelleHRuA2FlbQIxMQABHlRTlEnZ1nFFiesWu48WKWGVc-t34xYheY8H4LBgtAGpbqxtFsHcW0nOSdHs_aem_FJLKa8WkD2tEf-NwWxZ1xw
https://redd.it/1o7tq3r
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https://thehill.com/opinion/white-house/5554596-tariffs-raise-consumer-prices/?fbclid=IwdGRjcANdLelleHRuA2FlbQIxMQABHlRTlEnZ1nFFiesWu48WKWGVc-t34xYheY8H4LBgtAGpbqxtFsHcW0nOSdHs_aem_FJLKa8WkD2tEf-NwWxZ1xw
https://redd.it/1o7tq3r
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The Hill
Trump says he ‘defeated’ inflation — so why do prices keep going up?
2025 will come to be known as the year everything in the country got more expensive.
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Fed Chair Jerome Powell blames President Trump’s immigration policies for slowing economic growth
https://redd.it/1o7tgd9
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https://redd.it/1o7tgd9
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Trump is threatening China with 500% tariffs. Below is a list of Chinese goods in American households
https://redd.it/1o7yy8n
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https://redd.it/1o7yy8n
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75% of Americans report soaring prices as Trump claims inflation ‘over’
https://www.theguardian.com/business/2025/oct/16/inflation-economic-pessimism-poll
https://redd.it/1o83f9e
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https://www.theguardian.com/business/2025/oct/16/inflation-economic-pessimism-poll
https://redd.it/1o83f9e
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the Guardian
75% of Americans report soaring prices as Trump claims inflation ‘over’
Exclusive poll: Inflation remains a concern despite president’s pledge to reduce prices on ‘day one’
24% of Republicans think the economy is deteriorating, compared with 60% of independents and 67% of Democrats.
https://www.theguardian.com/business/2025/oct/16/american-economic-pessimism-political-division
https://redd.it/1o84644
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https://www.theguardian.com/business/2025/oct/16/american-economic-pessimism-political-division
https://redd.it/1o84644
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the Guardian
Americans’ pessimism about the economy cuts across political lines
Inflation and a worsening job market are top of mind for many Americans, even among the president’s Maga base
75% of Americans report soaring prices as Trump claims inflation ‘over’
https://www.theguardian.com/business/2025/oct/16/inflation-economic-pessimism-poll?CMP=Share_iOSApp_Other
https://redd.it/1o857na
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https://www.theguardian.com/business/2025/oct/16/inflation-economic-pessimism-poll?CMP=Share_iOSApp_Other
https://redd.it/1o857na
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the Guardian
75% of Americans report soaring prices as Trump claims inflation ‘over’
Exclusive poll: Inflation remains a concern despite president’s pledge to reduce prices on ‘day one’
How does the USA - a country $37 trillion in debt - come up with a $40 billion bailout for Argentina's Wall Street creditors?
https://www.politico.com/news/2025/10/15/bessent-says-u-s-considers-doubling-aid-to-argentina-by-tapping-outside-funding-00609011?fbclid=IwZXh0bgNhZW0CMTEAAR4w8LhCBAJEjWQslIUcSypXLuXiWGtAwdcysM3VoR9VzHLRu-Elz9t6zdTq2w_aem_bb4WFMTcFPEWmIAralm6hg
https://redd.it/1o85ew8
@r_econ
https://www.politico.com/news/2025/10/15/bessent-says-u-s-considers-doubling-aid-to-argentina-by-tapping-outside-funding-00609011?fbclid=IwZXh0bgNhZW0CMTEAAR4w8LhCBAJEjWQslIUcSypXLuXiWGtAwdcysM3VoR9VzHLRu-Elz9t6zdTq2w_aem_bb4WFMTcFPEWmIAralm6hg
https://redd.it/1o85ew8
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POLITICO
Bessent says US considers doubling aid to Argentina to $40B
The assistance is aimed at bolstering the country's collapsing currency and calming economic unrest before Oct. 26 midterm elections.
This is embarrassing and scary. Yesterday, Trump said that he spoke with Indian PM Modi and that India will stop buying Russian oil. Today, Indian gov says that the two leaders did NOT speak (and obviously no promises were made regarding oil purchases).
https://redd.it/1o85no3
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https://redd.it/1o85no3
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Trump’s Big Brag About The Economy Crushed By Brutal New Poll
https://newzsquare.com/trumps-big-brag-about-the-economy-crushed-by-brutal-new-poll/
https://redd.it/1o8agt4
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https://newzsquare.com/trumps-big-brag-about-the-economy-crushed-by-brutal-new-poll/
https://redd.it/1o8agt4
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NewzSquare.Com
Trump’s Big Brag About The Economy Crushed By Brutal New Poll
Donald Trump has spent months boasting about an economic turnaround. “Prices are ‘WAY DOWN’ in the USA,” he wrote in August. He promised to kill inflation “on
Average new car prices just topped $50,000 for the first time
New data from KBB shows that the price for a new car has topped $50,000 for the first time ever. That brings the average monthly payment to $749 per month.
"Erin Keating, an executive analyst at Cox Automotive, the world's largest automotive services provider, said that the higher prices of new cars are being driven by low loan rates, tariffs and electric cars.
"Today's auto market is being driven by wealthier households who have access to capital, good loan rates and are propping up the higher end of the market," Keating said.
"Tariffs have introduced new cost pressure to the business, but the pricing story in September was mostly driven by the healthy mix of EVs and higher-end vehicles pushing the new-vehicle ATP into uncharted territory," she added."
https://redd.it/1o88tnm
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New data from KBB shows that the price for a new car has topped $50,000 for the first time ever. That brings the average monthly payment to $749 per month.
"Erin Keating, an executive analyst at Cox Automotive, the world's largest automotive services provider, said that the higher prices of new cars are being driven by low loan rates, tariffs and electric cars.
"Today's auto market is being driven by wealthier households who have access to capital, good loan rates and are propping up the higher end of the market," Keating said.
"Tariffs have introduced new cost pressure to the business, but the pricing story in September was mostly driven by the healthy mix of EVs and higher-end vehicles pushing the new-vehicle ATP into uncharted territory," she added."
https://redd.it/1o88tnm
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ABC News
1 in 4 new car owners owe more than their vehicle is worth, data shows
New data published Wednesday shows that car debt has reached record levels, and a growing number of car owners owe more on their vehicles than they are worth.
Trump is really fkng the economy up real good rn with all of these tarrifs and sht
What the fck is up with trump. These tarrifs are doing more harm than good. The recent tarrifs implemented on china made crypto crash. I own tons of crypto so I really did feel the crash. Ngl, I lowkey now regret voting for trump. If he really wanted to do "America first policy", make people's lives easier first not fckd up. Instead of pouring all those billions to Israel, why not stop and spend it here on infrastructure and stuff instead.
https://redd.it/1o8czev
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What the fck is up with trump. These tarrifs are doing more harm than good. The recent tarrifs implemented on china made crypto crash. I own tons of crypto so I really did feel the crash. Ngl, I lowkey now regret voting for trump. If he really wanted to do "America first policy", make people's lives easier first not fckd up. Instead of pouring all those billions to Israel, why not stop and spend it here on infrastructure and stuff instead.
https://redd.it/1o8czev
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Reddit
From the economy community on Reddit
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Tariff costs to companies this year to hit $1.2 trillion, with consumers taking most of the hit, S&P says
https://www.cnbc.com/2025/10/16/tariff-costs-to-companies-this-year-to-hit-1point2-trillion-with-consumers-taking-most-of-the-hit-sp-says.html
https://redd.it/1o8ewk0
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https://www.cnbc.com/2025/10/16/tariff-costs-to-companies-this-year-to-hit-1point2-trillion-with-consumers-taking-most-of-the-hit-sp-says.html
https://redd.it/1o8ewk0
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CNBC
Tariff costs to companies this year to hit $1.2 trillion, with consumers taking most of the hit, S&P says
The firm said its estimate of additional expenses for companies is probably conservative.
California to become first state to sell cheap insulin through state-backed program
https://ktla.com/news/california/california-to-become-first-state-to-sell-cheap-insulin-through-state-backed-program/
https://redd.it/1o8c8yp
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https://ktla.com/news/california/california-to-become-first-state-to-sell-cheap-insulin-through-state-backed-program/
https://redd.it/1o8c8yp
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KTLA 5
California to become first state to sell cheap insulin through state-backed program
California will begin offering its own brand of low-cost insulin in 2026, becoming the first state to contract for and sell an affordable version of the drug to residents, Gov. Gavin Newsom announc…
Trump's Plot To Weaponize The IRS Against Democrats Is Revealed In Bombshell Report
https://www.elhayat-life.com/2025/10/16/trumps-plot-to-weaponize-the-irs-against-democrats-is-revealed-in-bombshell-report/
https://redd.it/1o8gvy2
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https://www.elhayat-life.com/2025/10/16/trumps-plot-to-weaponize-the-irs-against-democrats-is-revealed-in-bombshell-report/
https://redd.it/1o8gvy2
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Breaking News
Trump's Plot To Weaponize The IRS Against Democrats Is Revealed In Bombshell Report
The Trump administration is restructuring the Internal Revenue Service's (IRS) Criminal Investigations Unit to better target left-wing groups and donors,
Argentines Dump the Peso, Betting US Rescue Is Doomed to Fail
https://www.bloomberg.com/news/articles/2025-10-16/argentines-dump-the-peso-betting-us-rescue-is-doomed-to-fail?srnd=homepage-americas
https://redd.it/1o8dz8o
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https://www.bloomberg.com/news/articles/2025-10-16/argentines-dump-the-peso-betting-us-rescue-is-doomed-to-fail?srnd=homepage-americas
https://redd.it/1o8dz8o
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Bloomberg.com
Argentines Dump the Peso, Betting US Rescue Is Doomed to Fail
Argentines are convinced that even a flood of cash from the US won’t be able to stop another painful devaluation of the peso.
K-shaped economy: Why the wealthy are thriving as most Americans fall behind
https://www.pbs.org/newshour/show/k-shaped-economy-why-the-wealthy-are-thriving-as-most-americans-fall-behind
https://redd.it/1o8l493
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https://www.pbs.org/newshour/show/k-shaped-economy-why-the-wealthy-are-thriving-as-most-americans-fall-behind
https://redd.it/1o8l493
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PBS News
K-shaped economy: Why the wealthy are thriving as most Americans fall behind
The markets have climbed higher despite continuing concerns around the shutdown, tariffs and inflation. The S&P 500 and Nasdaq have set records more than 30 times this year and other data suggest the economy is chugging at a steady clip. But for the majority…
Gold ripping again tonight. It’s a complete loss of confidence in fiat currencies.
https://redd.it/1o8p5kd
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https://redd.it/1o8p5kd
@r_econ
Am I crazy or Donald Trump is a chimp and China doesn't really want to deal with a chimp?
Given how ludicrous and unreasonable his demands are, ignoring them is the most logical response. It's like a chimp nuking another country and then demanding it to hand over territory in exchange of nothing. I have no idea what the fuck they're expecting. If I were China, I would just stop exporting any rare earth and let the U.S. collapse while building out my nuclear arsenal.
https://redd.it/1o8odye
@r_econ
Given how ludicrous and unreasonable his demands are, ignoring them is the most logical response. It's like a chimp nuking another country and then demanding it to hand over territory in exchange of nothing. I have no idea what the fuck they're expecting. If I were China, I would just stop exporting any rare earth and let the U.S. collapse while building out my nuclear arsenal.
https://redd.it/1o8odye
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Reddit
From the economy community on Reddit
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US banks tap Fed repo facility as overnight rates climb, signalling funding strain
https://theedgemalaysia.com/node/774330
https://redd.it/1o8pz1d
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https://theedgemalaysia.com/node/774330
https://redd.it/1o8pz1d
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The Edge Malaysia
US banks tap Fed repo facility as overnight rates climb, signalling funding strain
US banks borrowed US$6.5 billion (RM27.48 billion) from the Federal Reserve's Standing Repo Facility (SRF) on Wednesday, central bank data showed, and repurchase rates rose, suggesting tightness in meeting funding obligations with a large net Treasuries settlement…