Inflation Down, Manufacturing Up, Trumpian Free Enterprise Is Working

Now, just in case you didn’t notice it, amidst all the talk about socialism and communism, the collapse of Mayor Zohran Mamdami, I just want to point out that we had another near-zero inflation reading from today’s consumer price index. Very important.Over the past three months, the CPI is up only 0.5 percent annually. That’s all. Excluding food and energy, 1.6 percent. Or, if you want to exclude energy, 1.7 percent. These are all excellent numbers and they take the Kevin Warsh Fed off the hook.There’ll be no interest rate tightening. And you know what? According to the White House, this is also key. We’re generating 15 million barrels a day from the Arabian Gulf. All they need is another 5 million barrels to break even and oil and gasoline prices are going to come down.Even more. That’s going to bring the inflation rate down even more, and we will get gasoline prices probably close to the three and a half dollars a gallon before long.Now, as President Trump has said, America is in control of the Strait of Hormuz, so even more price and affordability relief is on the way. And by the way, for those who worry and disagree with Mr. Trump’s tariff reciprocity policy: the numbers show that goods price inflation is virtually non-existent. Commodity prices in the CPI are falling at a 2.1 percent rate over the past three months. And let’s not forget there’s a manufacturing boom going on with the best job numbers in years. And now it looks like Mr. Trump is focused on cutting the capital gains tax, which is going to add even more torque to the economy. You know what? We don’t need socialism. Things are doing just fine in free enterprise America.From Mr. Kudlow’s broadcast on Fox Business Network.

Inflation Down, Manufacturing Up, Trumpian Free Enterprise Is Working

Inflation Down, Manufacturing Up, Trumpian Free Enterprise Is Working

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