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Outrage Erupts as New Data Reveals Costs Would Drop Without Trump Policy
Recent federal data has sparked a significant backlash, revealing that consumer goods prices were poised to decrease in early 2025 and continue dropping through 2026, had it not been for President Trump’s controversial tariffs. This report provoked harsh criticism from various quarters, igniting discussions over the long-term impacts of trade policies enacted during the Trump administration. The analysis, conducted by the Federal Reserve Bank of New York's Liberty Street Economics, suggests that inflation on consumer goods—not including oil and services—approached a slightly negative pre-COVID average for most of 2024.