President Donald Trump Expects Inflation to "Come Down Like a Rock" When the Iran War Ends -- but He and Wall Street Are in for a Surprise
Historical trends suggest inflation will be far stickier than anticipated.
President Donald Trump Expects Inflation to "Come Down Like a Rock" When the Iran War Ends -- but He and Wall Street Are in for a Surprise
Overview
Earlier this month, the iconic Dow Jones Industrial Average (DJINDICES: ^DJI), broad-based S&P 500 (SNPINDEX: ^GSPC), and growth-stock-propelled Nasdaq Composite (NASDAQINDEX: ^IXIC) rocketed to record highs. But the stock market isn't the only thing raising eyebrows and turning heads at the moment.
The U.S. inflation rate is also soaring. The latest report from the U.S. Bureau of Labor Statistics shows that trailing 12-month (TTM) inflation reached 4.2% in May, marking the fastest pace of price increases since April 2023.
President Trump delivering remarks. Image source: Official White House Photo by Daniel Torok.
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Originally published at www.fool.com.
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