Trump to talk up his push to lower costs, as analysts see bruising midterms for GOP due to economic worries
Original Report
President Donald Trump on Friday is slated to give a speech about his efforts to lower taxes and other costs, as analysts predict defeats for his party in November’s midterm elections in large part...
President Donald Trump on Friday is slated to give a speech about his efforts to lower taxes and other costs, as analysts predict defeats for his party in November’s midterm elections in large part due to voters’ affordability concerns.
Glass House Analysis
Inflation is the silent tax that erodes purchasing power, hitting hardest those who can least afford it. When grocery bills rise faster than wages, families face impossible choices between food, medicine, and rent. Unlike market volatility that mainly affects investors, inflation touches everyone who buys groceries, fills a gas tank, or pays rent.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
Enjoyed this analysis?
Get the Glass House Briefing every morning—market news that actually makes sense, delivered free to your inbox.
No spam. Unsubscribe anytime.
More Stories
Trump says government gave 'final' bailout proposal for Spirit Airlines as liquidation looms
Talks with bondholders for a government bailout this week have not yet yielded a deal.
GDP, Personal Income and other Business Cycle Indicators as of May Day
GDP grows 2% SAAR in the Q1 advance release (see Jim’s discussion here). Real personal income ex-transfers is flat. Figure 1: NFP employment (bold blue), civilian employment with smoothed population...
S&P 500 rises to record to kick off May trading as oil falls, Apple shares jump: Live updates
April marked the best monthly performance since 2020 for both the S&P 500 and Nasdaq Composite.
Six months out, control of the Senate is a dead heat, traders on Kalshi say
While Democrats are favored to flip control of the House of Representatives, the upper chamber is a much closer race, traders believe.