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Even the media admits the U.S. economy is “regaining its swagger” under President Donald J. Trump — and you need not look further than the banner economic news from the past week for proof.

Core inflation beat market expectations for the fifth straight month — every full month since President Trump took office.
- Since President Trump took office, core inflation has tracked at just 2.1% — levels not seen since the first Trump Administration, when prices were low and stable — and right in line with the Fed’s inflation target.
Wholesale prices came in completely flat, below market expectations and underscoring the tremendous progress made on taming the Biden-era inflation crisis.
Industrial production bested market expectations with a higher-than-expected climb, showing that inflation is falling as domestic production surges.
- Manufacturing output has surged by 1.8% in the first five months of President Trump’s second term, compared to a -0.7% decline in the final five months preceding President Trump’s inauguration.
Customs and tariff revenues have totaled $120 billion since President Trump took office — topping $100 billion in a fiscal year for the first time ever — including $7 billion in the last week alone, fueling the first June budget surplus in nearly a decade.
Advance retail sales smashed expectations in June, showing that consumers are confident and spending thanks to low inflation and strong wage gains.
Consumer sentiment shot up in July, beating market expectations yet again as inflation expectations for the next year dropped sharply.
Initial claims for unemployment benefits fell for the fifth straight week, confirming the strong jobs report.
Housing starts and permits for new builds both increased in June above market expectations.