CPA Analysis: US inflation rate remains lower than predicted Latest consumer price data shows negligible tariff impact Washington. The latest Consumer Price Index (CPI) data released today shows the US economy continuing to experience low inflation. Year-on-year inflation for May 2019 came in at only 1.8 percent, according to the Bureau of Labor Statistics (BLS).…
By Jeff Ferry, CPA Chief Economist This morning the Bureau of Labor Statistics (BLS) published the May consumer price index, and once again inflation has undershot Wall Street expectations. Headline inflation came in at 1.8% for May 2019 (compared to May 2018). The core rate of inflation (i.e. removing volatile food and energy prices) was…
Editor’s note: Former WSJ reporter John Carney shows why the “tariffs are taxes on consumers” line is false. Donald Trump’s declaration that tariffs on $200 billion of Chinese goods would jump to 25 percent in May gave rise to a firestorm of claims that the import taxes hurt U.S. consumers. [John Carney | June 11,…
Excerpt: China’s leaders simply reneged on an initial commitment to start opening their markets and to halt such aggressive practices as IP theft, hacking and forced technology transfer. There’s an important point to remember in the current U.S.-China trade conflict: Beijing started it. For the past 20 years, China has been at war with the U.S. economy, using…
Editor’s note: Senator Scott joins the growing ranks of those that support the trend towards China decoupling. Last month I traveled to Panama, Colombia and Argentina. The purpose of my trip was to get an update on the fight for freedom and liberty in Venezuela, to highlight the important economic relationships between Latin America and…
