Even the media admits the U.S. economy is “regaining its swagger” under President Donald J. Trump — and you need not look further than the banner economic news from the past week for proof.
- Core inflation beat market expectations for the fifth straight month — every full month since President Trump took office.
- Since President Trump took office, core inflation has tracked at just 2.1% — levels not seen since the first Trump Administration, when prices were low and stable — and right in line with the Fed’s inflation target.
- Wholesale prices came in completely flat, below market expectations and underscoring the tremendous progress made on taming the Biden-era inflation crisis.
- Industrial production bested market expectations with a higher-than-expected climb, showing that inflation is falling as domestic production surges.
- Manufacturing output has surged by 1.8% in the first five months of President Trump’s second term, compared to a -0.7% decline in the final five months preceding President Trump’s inauguration.
- Customs and tariff revenues have totaled $120 billion since President Trump took office — topping $100 billion in a fiscal year for the first time ever — including $7 billion in the last week alone, fueling the first June budget surplus in nearly a decade.
- Advance retail sales smashed expectations in June, showing that consumers are confident and spending thanks to low inflation and strong wage gains.
- Consumer sentiment shot up in July, beating market expectations yet again as inflation expectations for the next year dropped sharply.
- Initial claims for unemployment benefits fell for the fifth straight week, confirming the strong jobs report.
• • Housing starts and permits for new builds both increased in June above market expectations.
Headlines Underscore President Trump’s Promises Kept
President Donald J. Trump has delivered on his promises unlike any commander-in-chief in history — and the wins keep coming, perfectly illustrated by three recent headlines:
- Trump’s ‘No Tax on Tips’ policy could put thousands back in servers’ pockets (KXXV-TV, Waco, TX): “Servers and other tipped workers could see significant financial benefits from President Trump’s ‘No Tax on Tips’ policy, potentially saving thousands of dollars annually.”
- Health Care Provider Puts Stop To Trans Surgeries On Kids (The Daily Wire): “Health care provider Kaiser Permanente confirmed to The Daily Wire on Wednesday that it was pausing all transgender surgeries for patients under the age of 19 in response to pressure from the Trump administration.”
• Trump Delivers Most Secure Border in History — June Migrant Arrests Drop 15 Percent from Prior Record (Breitbart): “The Trump administration delivered on its promise to secure the U.S.-Mexico border and set new records for the lowest number of migrant encounters. The June Southwest Land Border Encounters Report from U.S. Customs and Border Protection shows yet another decrease in migrant encounters, including the lowest number of encounters in a single day.”