Trump only said there is no “inflation” in the United States. But it is still superior to what the Fed wants.

• Trump brought to the social truth on Friday morning to call Fed again to reduce rates.

• Trump stated that there is no “inflation”, but prices continue to increase.

• Consumer prices It increased by 2.4% year -on -year in March, according to the latest inflation data.

President Donald Trump says there is no “inflation”, but the latest data show that the battle against the increase in prices is still going on, and that they increase faster than the Federal Reserve would like.

In a position on the social truth of Friday morning, the President pointed out inflation, gas prices and mortgage rates down and reiterated the calls for the Fed to reduce interest rates.

“Gasoline has just broken $ 1.98 the gallon, the lowest in years, the groceries (and the eggs!), The energy down, the mortgage rates lowered, the strong occupation and much better the news, since billions of dollars are poured out of the rates,” Trump “, Trump” writeHighlighting that the economy was only in a “transition stage” after launching the fee board last month. “Consumers have been waiting for years to see that prices are reduced. There is no inflation, Fed should reduce their rate !!!,” he added.

Trump’s comments came shortly after the April work report, which showed that hiring was better than expected last month. Its publication stated with cooling prices, but consumer prices have still increased and increased by 2.4% year -on -year in March. This is above the Fed 2% target.

Inflation has been constantly cooled since 2022. However, the rate is even higher than the one for most of Trump’s first term, when the average annual inflation was about 1.8%.

But what about other statistics in Trump’s publication?

The president said that gas prices are $ 1.98 per gallon, but the latest weekly data from the U.S. Energy Information Administration shows that they traveled about $ 3.13 per gallon.

Meanwhile, mortgage rates have, in fact, declared Trump. The average 30 -year -old mortgage was approximately 6.83% this week, compared to 7.08% a day after the inauguration.

“ Trump Administration policies provide a very needed economic relief for everyday Americans, while based on a long-term restoration of American greatness. The data are clear: two March inflation reports did not show any monthly prices and a gross domestic investment fired 22%, as companies continue to make trillions in Historical Investment Commitments to America, ” said Blanca.

Trump’s most recent call for lower rates is very tone compared to his comments last month that Powell should be fired. Last month, Trump stated that he was looking for a way to tear Powell from his place before completing his term in 2026. After the markets contacted the perspective, Trump retreated, saying that he had no intention of plundering the Fed’s head.

Most investors do not see the FED’s cut rates at any time, with inflation above the goal and the labor market is well for now.

According to the CME Fedwatch tool, the markets see almost 100% chance that the Fed will leave the rates unaltered at the policy meeting next week. Investors, meanwhile, see that 40% of the central bankers of probabilities will cut the rates at 25 basic points at the June meeting, below 60% a month ago.

Read the original item at Business Insider