Fox News once again interrupted a broadcast of one of its shows to share breaking news related to Donald Trump .
And while the President might be taking it as positive, and won’t likely see him having a viceral reaction, it’s not all good news like he may hope.
The airing of America’s Newsroom was paused midway through for a breaking alert – which disclosed that the President was going to receive some positive news following the release of the most recent inflation reports and the Consumer Price Index.
And while the President has lost it at reporters in recent days, the numbers seem to work in the President’s favor – particularly when it comes to his tariffs on other countries and the ongoing battle with the Federal Reserve over interest rates. However, one key metric suggests it isn’t all good news, namely Core CPI.
During the episode of America’s Newsroom, host Bill Hemmer broke in to announce the news about the most recent reports – and at one point, guest Stephan Miran also unveiled significant news for the President that was seen as positive.
While discussing the numbers in the report with Hemmer, Miran was asked if any minor increases in inflation and consumer prices could be linked to the President’s tariffs – and Miran denied the possibility, reports the Irish Star.
“So I don’t see that at all,” he said. “Let me say a couple of things about that. First of all, what went up in this month’s report, in terms of contributions, was used cars and airfares, and neither of those are particularly traded things. We don’t really import those from abroad.
“More generally, we have seen some relative increases in some good categories that will always be the case, that good or service will always become more or less expensive relative to this or that good or service, but in aggregate there is no evidence of that.
“…Goods prices in the US are running at a similar rate as in Europe, so there’s just very little ground to stand on to think that tariffs are at fault,” he concluded.
In summary, Miran insisted there is “no evidence” that tariffs have triggered a surge in costs.
Miran’s remarks followed Hemmer’s brief reference to the somewhat positive figures earlier during the show.
Hemmer revealed that the Consumer Price Index remained unchanged at 2.7 percent compared to the same period last year, with just a 0.2 percent price rise on a monthly basis since June.
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The announcement sparked a boost in the stock market, and Fox also interrupted programming to report that the President had reviewed the data and posted on Truth Social calling for Fed Chair Jerome Powell to cut interest rates in response. “Jerome ‘Too Late’ Powell must NOW lower the rate,” the president said.
“…The damage he has done by always being Too Late is incalculable.”
Fortunately, the economy is sooo good that we’ve blown through Powell and the complacent Board.”
While Fox presented the news favorably, others continue to voice concern regarding the report.
Core CPI, which serves as the Federal Reserve’s primary focus, rose at a significantly quicker rate of 0.3 percent during the month or 3.1 percent annually.