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Furman said that price increases could be partially attributed to companies bracing for President Donald Trump’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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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.
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.