Trump's Tariff Tantrums: Inflation Fears Grounded Before Takeoff! Thanks Goose!

Higher Further Faster? Not Inflation Apparently!

Hey Galaxy! Carol Danvers here reporting live from… well Earth. Seems like everyone was hyperventilating earlier this year about President Trump's tariffs sending inflation into overdrive. Turns out those fears were about as accurate as Ronan the Accuser's aim. The New York Federal Reserve just dropped a survey and guess what? Consumers expect inflation to be around 3% a year from now. That's the same level it was *before* all the trade saber rattling started! Looks like someone needs to recalibrate their economic hyperspace drive.

From Tariff Fury to Negotiating… Niceness?

Remember when Trump was slapping tariffs left and right like he was trying to win a cosmic pie eating contest? Good times (not really). Apparently he's dialed it back a notch opting for 'ongoing negotiations.' Whether that's because of some kind of political infinity stone or just plain old common sense I'm not sure. But so far those tariffs haven't exactly caused the price of everything to skyrocket which is a surprise to everyone. I even placed a bet with Rhodey that I lost so now I owe him a shawarma.

CPI: Consumer Price Index? More Like Can't Predict Inflation!

The Bureau of Labor Statistics says the Consumer Price Index rose a measly 0.1% in May. Peanuts! I mean I've seen bigger price jumps on Kree tech after a Yon Rogg 'upgrade.' The annual inflation rate is still above the Fed's target of 2% but hey baby steps right? It is what it is. Sometimes you gotta run before you can walk!

Expect the Unexpected (Except Inflation)!

Inflation expectations for the next three to five years? Unchanged. Steady as a Skrull trying to blend in at a Star Wars convention. However people *do* expect gas prices to jump medical care to become even more ridiculously expensive and college and rent to continue their climb into the stratosphere. And as for Food Prices it would seem that it is unchanged at 5.5%. So basically the usual suspects no surprise there. You win some you lose some. Like when you think you've outsmarted a Skrull and then they turn into your mom.

Job Market: Feeling a Little Less Doomed!

There's a glimmer of sunshine on the job front! The expectation of higher unemployment has actually *decreased*. Plus the average worry about losing your job has fallen to its lowest level since December. Seems like the economic doom and gloom merchants might need to find a new line of work they can always enlist in the Nova Corps. You know what they say 'Find something you're passionate about and you'll never work a day in your life.' Unless you're fighting intergalactic wars then every day is work.

The Bigger Picture: Still A Few Clouds!

So what's the takeaway? The tariff induced inflation apocalypse hasn't happened. Yet. There are still challenges ahead with rising costs in key areas like healthcare and education and the economy remains dynamic. But for now the economic sky isn't falling. But it seems that things might be ok or not. As my buddy Fury once said 'Last time I trusted someone I lost an eye.' and I think that explains everything perfectly.