President Donald Trump Claims Costs Are "All Coming Down Now," but the Evolution of Trumpflation Appears to Be Having the Opposite Effect
President Trump's victory lap on inflation may be a bit premature.
Overview
As has been the case throughout Donald Trump's presidency, the stock market is flourishing. Since early June, the iconic Dow Jones Industrial Average (DJINDICES: ^DJI), broad-based S&P 500 (SNPINDEX: ^GSPC), and growth-stock-fueled Nasdaq Composite (NASDAQINDEX: ^IXIC) have vaulted to record highs.
However, the state of the U.S. economy under Trump is a different story. Several of the president's policies are directly affecting the U.S. inflation rate, which can change the course of the economy and Wall Street.
Details
While President Trump has been adamant that costs are coming down for consumers, the evolution of Trumpflation (inflation driven by the president's policies) paints a far different picture.
Source
Originally published at www.fool.com.