“What a phenomenal start to the year!” CNBC’s Rick Santelli enthusiastically proclaimed as fresh economic data reveals a delightful trifecta of improvements: inflation declining, incomes rising, and a shrinking trade deficit — all of which have left economists scrambling to recalibrate their forecasts.
- INFLATION IS DOWN: “The inflation rate dipped to 2.1% in April, falling short of expectations, according to the Fed’s favored measure,” reports CNBC.
- INCOME IS UP: Personal income rose by 0.8% in April — “nearly TRIPLE what analysts predicted.” “These are impressive figures — with increases of 0.6% in January, 0.7% in February, 0.5% in March, and now 0.8% this month. Truly, this is a remarkable four-month kickoff to any year.”
- CNBC: “The income figures for the first four months are exceptional… Let’s acknowledge the positive trends — incomes are really on the rise.”
- TRADE DEFICIT NARROWS: The trade deficit experienced the largest monthly decline on record.
- CNBC: “Did we really cut it in HALF? This underscores the significant shifts in the movement of goods and services, influenced by various tariff-related developments.”
