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Father, we ask You to help our leaders get our economy under control. Give President Trump, Treasury Secretary Bessent, and all others involved in our economy wisdom.
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As the nation adjusts to a Trump presidency and braces for the widespread implementation of tariffs, recently released data shows that inflation ticked up slightly.

(The Center Square) ā€“ Newly released federal inflation data showed prices rose faster than expected in February,Ā contradictingĀ federal data from earlier this month.

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The Bureau of Economic AnalysisĀ releasedĀ the Personal Consumption Expenditures Index, a key marker of inflation, which showed a modest increase of 0.3% in February, albeit more than experts expected.

More consumer spending on goods and services in February helped drive up the PCE.

“Core PCE inflation came in a little above the already high expectations in Feb,” Harvard economist Jason Furman wrote on X. “The pattern is the opposite of what you want to see–the shorter the window the higher the annualized rate (and still high at 12 months).”

Furman said that price increases could be partially attributed to companies bracing for President Donald Trumpā€™s tariffs, which are expected to begin in earnest April 2.

“The issue in recent months has been in both core goods inflation (which could have some tariff, and tariff anticipation effects), but also in core services (which has much less passthrough from tariffs, although still some),” Furman continued.

The PCE data came in hotter than other federal inflation data, like the Bureau of Labor Statistics data released earlier this month which showed annual inflation slightly decreased.

The BLS data reported that a decline in energy costs had driven down overall consumer inflation.

“February PCE Price Index: inflation improvement has stalled out,” economist Joseph Brusuelas wrote on X. “The notion of stubborn and sticky inflation is the primary narrative here in advance of the greater trade shock that will show up in the hard data in coming months. The second round effects are going to be key here going forward.”

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Originally published at The Center Square. Used with permission. Photo Credit: Tara Clark on Unsplash.

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Margaret Gail
March 31, 2025

More important than the state of inflation, which will eventually get corrected, is the harm that has come to the most innocent, babies murdered in the womb and the thousands of trafficked children. Where has the church been since the 60’s? Jesus is returning soon. If people can’t see the signs of the end times as mentioned in the Bible, they are blind or don’t care. I pray that Yahweh will forgive our nation for its total moral decline and disobedience. We don’t deserve it. Praying in the Spirit is the only way I know how to bring these matters to God Almighty in the Name of Jesus.

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Darlene Estlow
March 31, 2025

Father, I pray for our economy that you would draw down inflation. But help us not to fixate on inflation, but look to the good that President Trump is doing and the righteousness that is coming. May we not withdraw from what you are trying to do with our nation. May we be faithful to pray and look to you.

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