He says if Trump continues deporting immigrants at the current rate, inflation will go from 2.5% to somewhere close to 4% “by the time it hits its peak early next year.”
Zandi says his stark prediction is based on recent inflation data. “Foreign-born labor force is declining, and the overall labor force has gone flat since the beginning of the year,” he added. “That’s causing tightening in a lot of markets, adding to costs and inflation.”
[x] to doubt. Mostly because I sincerely doubt inflation will “peak” at 4%.
No no. You misunderstood. They’re going to peek at it at 4% then promptly ignore it going higher.
Inflation numbers are already higher than expected. Can’t imagine that it’s going to be a rosy outlook for inflation over the next few years, or at the very least I wouldn’t count on the numbers going down any time soon. Trump won’t get his interest rate cut like he wanted so I fully anticipate he will continue to play tariff chicken with the rest of the world and by the time the fucker leaves office the economy will be in a goddamn ruin and the right will get to blame whoever swoops in to clean up the mess again.
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