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Why Haven't Trump's Tariffs Crashed the Economy? Analytics Table
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Why does inflation feel worse than the official 3.7% when the data says it isn't lying to you? Economist Justin Wolfers sits down with producer Augusta Chapman for office-hours-style answers to your questions: why your gut says prices doubled (hint: gas signs are six feet tall, your health insurance deduction is invisible, and your memory of cheap coffee doesn't come with a date attached). Justin also unpacks the scarier number almost nobody noticed. Producer costs (the diesel, raw materials, and inputs businesses pay for) jumped 6.3% over the year. That report helped turn the October Fed meeting into a coin flip, with the odds of a rate hike doubling from 22% to 44%. The odds are back down to 28% since the filming of this episode. You'll also learn why claims that the CPI methodology was "changed" are wrong, and why tariffs can quietly make you poorer. Chapters: 0:00 Business costs are up 6.3% 0:27 The report that split the Fed 1:44 Why inflation feels so much worse 4:01 Gas signs vs. your invisible bills 8:28 PPI: the cost businesses pay 14:10 Did they change how inflation is measured? 18:40 Why tariffs didn't spike prices 24:05 How tariffs quietly make you poorer Subscribe — it's the one cost that won't quietly sneak off your paycheck: on YouTube 👉 https://youtube.com/platypuseconomics on Substack 👉 https://newsletter.platypuseconomics.com the Podcast 👉 https://platypuseconomics.com/podcast Follow on Social Media @PlatypusEconomics and @JustinWolfers
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