Republicans just took power.
Not unexpected at all.
We hired one of the worst people in the world to lead us. It’s a stretch to call this unexpected.
Exactly.
Before reacting, read the article
Inflation rose to 3% in January, its highest rate for six months, and above the 2.9% expected by economists.
This is significant for bankers, but not for regular people. You’re not going to notice that inflation is 0.1% higher than expected
I’d be interested in seeing where the inflation was higher than expectations. He’s only been in office a few weeks; most of these markets don’t react that quickly.
He’s the president. No passing the buck.
Its also not like Trump wasn’t affecting the markets until the day he was inaugurated. He was literally illegally meeting with foreign leaders during the campaign.
What’s illegal about it?
Good job on voting to cancel out Joe Biden’s monopoly breakup because he didn’t do it fast enough
“If things aren’t good enough, we should make them worse to teach those layabouts a lesson!” - People who have no intention of suffering the consequences of their actions
I’m not going to vote for good, I demand perfection!
- a bunch of Americans with Pikachu faces right now
Thank President Musk and his First Lad Trump.
Where’s that sliced cheese 1ady when you need her?
She calls out shrinkflation, but doesn’t understand what it is or that capitalists are at fault.
When will we start seeing stickers at gas pumps and at grocery’s saying “Trump did this”.
How about flags saying “Let’s Go Eric” as an answer to all the let’s go Brandon flags
Say goodbye to the middle class. We just gave what was left of it to billionaires.
The “middle class” was just a scam our ruling class came up with to make us feel like we’re not at the bottom rung of the social economic ladder so we wouldn’t riot over being taken advantage of for decades. In reality there are only two classes the extremely rich and the poor.
Oh God, no! It’s the Spanish inflation!
ahem, Spanish Influation
Unexpected by whom?
Republican voters
Maaaybe tarrifs are not that great
It’s been pretty great for China so far.
Wait, that’s not what you meant, was it?
I’m not entirely sure which country’s employee of the month Trump is this time of the year. Maybe China? I can barely keep up.
I mean I don’t know if he intended to give China a massive assist with his dumbass tariffs, but he sure is.
Unexpectedly?
Denial first, surprises later.
I know I’ve seen this on several websites today. What was everyone expecting? The only think I can think of is the old trope that Republican administrations are better for the economy. I have coworkers who were basically expecting miracles once Trump got into office. Things are probably gonna be bad.
Inflation has generally dropped significantly in most developed countries and is mostly tied to post-pandemic effects and the war in Ukraine. So if you ignore the debilitating influence of Trump, you would expect inflation to continue to drop in the US too.
The 3% rate isn’t actually all that high currently, but you’d expect it to trend up again due to tariffs, both from the actual effects and as an excuse for companies to raise prices.
Or Trump could cause a serious recession/depression, in which case inflation will drop (but you won’t be able to buy anything anyway, since you’ll have lost your job).
You are correct. And if Biden or Harris had been elected and we could he reasonably assured we’d continue on a stable path we’d probably be in a different situation. But Trump and team are a different story.
Correct me if I’m wrong, but don’t most (if not all) Republican administrations cause recessions or other damage to economies?
Historically the US economy generally performs better under Democratic administrations than Republican ones. I’ve read several articles and studies that show this. I’m on mobile and don’t have the time to find them However polls show that Americans consistently have the opinion that Republican admins are better on economics. And this despite no matter how much evidence os presented.
You are not wrong, I don’t know where the other poster got their information, but Republicans almost always destroy the economy and the Democrats (kind of) fix it just in time to be blamed for the economy being bad.
The “trope” is public perception, not actual historical pattern. Every time a Republican president gets elected the exit polls are full of “economic concerns.” What that actually means is left to interpretation but so it goes.
What that actually means is left to interpretation but so it goes.
It means they think minorities had too much money.
Every Republican presidential term in my lifetime has had a recession start. None of the Democratic ones have…
Regan; one started each term. First Bush had one in his term. Clinton had none in his 2 terms. Second Bush had a HUGE one each time (dot com and great recession). Obama had none in his 2 terms. trump had one in his first term (triggered by covid & shutdowns; which his (in)actions intensified…). Biden didn’t have one (but; just barely… and only by the official definition [NBER]; he did have two negative real GDP quarters, so one could argue this point). Now we’re starting trump’s second term, so we’ll see (it’s pretty clear we’ll have a recession within 2 years).
This isn’t really debatable unless you ignore the evidence. Stock market and real GDP growth are overall way higher under Democrat presidents. One link for reference (but many more are available): https://link.springer.com/article/10.1007/s11127-021-00912-y
Same with budget deficits, Clinton even got surpluses…
Somehow, inflation returned
They forgot the /s
British humour.
I was thinking exactly the same thing… maybe with the exception of the 30% that actually believed his bullshit enough to vote for him… I’ve been bracing for the huge inflation bolster since he was elected…
Hell trump and musk have kind of warned us, inflation is going to get worse (and lied about it being so it can get better… ignoring the general fact that inflation is a one way street, you can’t fix it… you can only slow it down, and/or speed up wages to catch up to it)
What’s unexpected about it? We re-elected a twice impeached anti-democratic felon rapist who utterly failed his last term.
Every American who could rub brain cells together warned this would happen.
Unfortunately, those people represent a minority in The Divided States of Dumbfuckistan.
sounds like BBC is doing damage control for mango mussolini.
the “unexpected” part is that the 3% is above the expected 2.9% rate. they’re being coy; the title implies the increase is unexpected while the text shows it’s just a tenth of a point above the rate that was expected.
the editors are not uneducated people. I bet they speak English pretty well. the wording is deliberately misleading.
Unexpectedly?
Yiyre kidding, right? I was quite literally waiting for this news. It never wss an if, just how bad
