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The Guardian - US
The Guardian - US
World
Lauren Aratani in New York

‘We don’t have inflation’? Five charts show the US economic reality of Trump’s second term so far

Donald Trump Inflation United States Economy US Federal Reserve Interest Rates Tariffs Stock Market Midterm Elections
Collage of Donald Trump surrounded by financial charts, arrows, a fuel can, a briefcase and a shipping container

With the midterm elections fast approaching, many Americans have the economy on their minds.

US voters are exhausted by years of higher prices. Donald Trump won the presidency in 2024 on promises to lower inflation and undo the damage he said the Biden administration had inflicted on the economy.

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