Donald Trump sees November inflation data as supportive of his combative defence of his performance on the US economy. Photograph: Aaron Schwartz/CNP/BloombergAfter a combative defence of his record on the economy on Wednesday, Donald Trump was feeling vindicated on Thursday after November’s inflation data came in cooler than expected. But, as noted by the Financial Times, Wall Street was less than impressed, greeting the Bureau of Labor Statistics’ figures with a sceptical shrug. On Wednesday, during that combative televised prime-time address from the White House, Trump claimed that inflation had “stopped”. As noted by the FT, Omair Sharif of Inflation Insights warned the Trump administration: “The risk of taking a victory lap ... is that it’s going to bounce back next month.

Source: The Irish Times December 20, 2025 15:01 UTC