Right on time for President Trump to take office, the data now shows inflation increasing.
Reason: Trump May Have To Grapple with Returning Inflation
We will note that Reason, an ostensibly libertarian publication is no friend of Trump. Verily, Reason seems to be having vapors about his actually reducing the size, scope, and spending of government - something you would think a libertarian would cheer for, neh?
One would think so, but no. Basically Reason at this point is all about marijuana legalization and wide open borders, and damn little else.
It is not "returning inflation", instead it is that inflation is now being reported accurately again after the books have been cooked and the data tortured the past four years.
Politico: How Democrats Were Tricked Into Believing the Economy Was Strong
The Democrats, pace Politico, weren't being "Tricked" -- they were the ones running the trick.
The Biden-run government agencies were the ones massaging the data and running the scam under reporting inflation and messing with job statistics to give the picture of a rosy economy under Biden that wasn't.
The Biden Administration and the media establishment (But I'm repeating myself) had been busy boasting and talking up how wonderful the economy under Biden has been, how Biden achieved a "soft landing" and try to give him a boost for his reelection and then for Harris when even the massaged stats couldn't get him to the finish line.
The administration and media both made themselves busy asking Americans - "Who are going to believe Biden and the Media, or your own lyin' eyes?"
Now that Biden is out, the stats are being reported, presumably more accurately, just in time for President Trump to have to deal with the results of the massive overspending and effects of the policies Biden has left behind.
The Fed's decision on setting interest rates - including reducing them right before the election which just so happened to assist Biden, was doing so based on the statistics being manipulated.
The deliberate false reporting of government statistics, statistics relied upon to set economic policy, should be seen as one of the greatest scandals of the Biden era.
Perhaps one day it will be.
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