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Trump says ‘I love the inflation’ after consumer price index hits 3-year high
Investor summaryNeutral
Trump claims to love high inflation as CPI hits a 3-year high, while wanting rate cuts, sparking confusion.
Bull points
- Trump hints at increasing oil production post-war, which could eventually lower energy costs.
Bear points
- CPI hits a 3-year high, indicating persistent inflation.
- Trump's pro-inflation comments contradict his desire to cut rates, creating macro uncertainty.
降息与宏观
Post body
Source: CNBC
The number one thing he was re-elected for, and he says he loves how high the inflation currently is? While also wanting to cut rates?
“You know what I really love? I love the inflation. You know why?” Trump said. “Because as soon as this war is over, you know I can say it now ... you know we’ve been taking out millions of barrels of oil.”
While the CPI showed annual inflation at a three-year high, core inflation, which excludes the cost of food and energy, was at 2.9% annually. That is in line with forecasts by economists.
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