On inflation, no bad news is good news

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Financial Times 1d ago

On inflation, no bad news is good news - Financial Times

Quick Summary:

Looking at recent notable near misses — 2011, 2013 and 2023 — provides clues.

What they care about is whether Trump’s “reciprocal” tariffs, announced early in April then reduced by fits and starts, have shown up in higher prices.

In all three earlier instances, Republicans had control of at least one chamber of Congress and were battling with a Democratic presidential administration over spending cuts or freezes.