Take a look at this chart.
We've been experiencing what I call "whack-a-mole" inflation. There have been many eye-popping spikes (i.e. eggs). This has a deep psychological impact. They fear what will spike next.
This backdrop makes Trump's tariffs even worse
https://www.washingtonpost.com/opinions/2025/02/14/trump-inflation-tariffs-economy/
We've been experiencing what I call "whack-a-mole" inflation. There have been many eye-popping spikes (i.e. eggs). This has a deep psychological impact. They fear what will spike next.
This backdrop makes Trump's tariffs even worse
https://www.washingtonpost.com/opinions/2025/02/14/trump-inflation-tariffs-economy/
Comments
Consumers aren’t looking at the past.
They’re looking to the future and fearing what inflation spike they get hit with next
*Volker didn't get his reputation as an inflation slayer from playing whack-a-mole*