What in Tarnation? Trump's Tariffs Ain't Inflatin' Prices... Yet! Swamp Gas or Real Deal?

Somebody Once Told Me... Inflation Was Comin'!

Well gather 'round you little pin cushions! Shrek here reporting live from me swamp! Turns out all that hubbub about President Trump's tariffs causing a right ol' inflation explosion? Seems like a load of dragon dung... *for now*. These fancy pants economists were predictin' the sky was gonna fall but these here 'consumer prices' and 'producer prices' are bein' right agreeable only tickin' up a tiny bit in May. It's like tryin' to herd cats I tell ya these predictions! But don't go relaxin' your swamp booties just yet...

Ogres Have Layers and So Does This Tariff Situation!

Now I ain't no Donkey when it comes to understandin' these things so hear me out. Seems like these companies they's been stockpilin' goods like squirrels gettin' ready for winter. Plus it takes time for these tariffs to actually hit yer pocketbook. And guess what? Folks are squeezin' their wallets tighter than Lord Farquaad tryin' to fit into a suit of armor! So these companies can't just jack up prices all willy nilly.

A Few Rotten Tomatoes in the Basket

Okay okay not *everything* is sunshine and daisies. Some things did get a bit pricier. Like them canned fruits and veggies – probably full o' them creepy crawlies anyhow. And roasted coffee? What's next dragon breath flavored latte? Durable goods like them fancy refrigerators also got a boost but don't go blamin' me! I likes my swamp chilled grub just fine.

Consumers: The Real Fairytale Characters?

Here's where it gets interesting even for an ogre like me. These 'economists' are scratchin' their heads tryin' to figure out if these price hikes are here to stay or just a temporary burp. And it all boils down to YOU the folks buyin' the stuff. You control nearly 70% of the whole shebang! So if you start clutchin' yer gold coins tighter than Rumpelstiltskin these companies might have to think twice about raisin' prices. Unless they want to meet my *special* kind of diplomacy of course.

The Great Depression? Don't Get Me Started...

Some folks are whisperin' about them old Smoot Hawley tariffs back in the 1930s which helped kick off the Great Depression! Sounds nasty like me bathwater after a long day. The moral of the story: if folks get too scared and stop spendin' things can go south faster than Donkey flyin' after a dragon. This 'chief economist' said folks are already ditchin' vacations and fun stuff so maybe they won't be so generous with their gold doubloons like they were back in 2021. Which now that I think about it maybe they were *too* generous back then. Who needs a diamond encrusted toothbrush anyway?

The Federal Reserve's Got Me Feeling Like I'm Stuck in a Potion Scene!

Them folks at the Federal Reserve are just sittin' on their keisters waitin' to see what happens over the summer. They're supposed to be the brains of the operation but they're as indecisive as me tryin' to pick between swamp stew and rat on a stick. Apparently they might lower interest rates in September but only if inflation stays down. And that depends on whether you folks start expectin' prices to go up! It's all one big confusing cauldron of bubbling gunk I tell ya!