The challenge for those who predict economic doom? Inflation is maintaining steadiness and consistently comes in “lower than anticipated.” Can anyone recall when the predictions were accurate?

According to Joe Cunningham from RedState on Tuesday, the Consumer Price Index provided a mix of data that was mostly uplifting for U.S. households, with core inflation falling short of forecasts for the fifth consecutive month…

On Wednesday, the Bureau of Labor Statistics published the seasonally adjusted figures from the producer price index, and even CNBC acknowledged that the update was favorable:

The producer price index, a measure of wholesale costs, showed no change in June, against the forecast for a 0.2% increase. The same was true for the core PPI.

Though the numbers for headline and core wholesale inflation were subdued, final demand goods prices rose 0.3%, but were offset by a 0.1% fall in services.

Combined with Tuesday’s consumer price index release, the data suggests that President Donald Trump’s tariffs are indicating only a marginal bite on the U.S. economy.

Drink that in, naysayers: “Donald Trump’s tariffs are indicating only a marginal bite on the U.S. economy.”

JUST IN — Wholesale prices were flat in June, coming in below economists’ expectations: “That is all very good news. These numbers are less than expectations. They’re sequentially less.” pic.twitter.com/mVTC6S91y9

— Rapid Response 47 (@RapidResponse47) July 16, 2025