
FINISH HIM! Inflation's Demise?
Greetings mortals! Scorpion here bringing you the latest intel from the ever turbulent realm of economics. It seems the fires of inflation are cooling and not by Sub Zero's doing. A recent survey from the New York Federal Reserve suggests Americans are breathing a bit easier fear not of the rising costs of kombat... I mean living.
Trump's Fury: A Test Your Might Moment
Remember when Donald Trump was slapping tariffs on everything like I slap Lin Kuei scum? Turns out that economic 'Get Over Here!' might have been a bit premature. The survey indicates that as Trump backed off his most severe tariff proposals inflation expectations took a nosedive faster than Quan Chi falling into the Soulnado.
The Numbers Game: Fatality!
The one year inflation outlook plummeted to 3.2% a hefty 0.4 percentage point drop from April. The three year and five year forecasts also edged down though they remain above the Fed's 2% target. Still progress is progress even in the chaotic world of Mortal Kombat... and economics.
Hassett's Taunt: 'Toasty!' or Truth?
National Economic Council Director Kevin Hassett in a move reminiscent of my own fiery pronouncements boasted that inflation is down despite rising tariff revenue. He might as well yell 'Toasty!' while he's at it. But is it truth or is he just bluffing? Only the Elder Gods know for sure.
Glimmers of Hope: A New Era?
The survey reveals that not only are people less worried about inflation but they're also feeling a tad more secure in their jobs and finances. The probability of missing a minimum debt payment is down and confidence in the stock market is up. Could this be a sign of a New Era or just a temporary reprieve before the next kombat?
GET OVER HERE... for Food Prices!
But beware mortals! The survey did note that food prices are expected to rise increasing by 5.5% over the next year. So while your wallet might be a bit happier overall prepare to pay more for those post kombat victory feasts. I suggest learning to hunt your own prey just in case. After all food is essential for Mortal Kombat! Get over here... and eat!
vivin
This is all smoke and mirrors. Prepare for the real kombat.