Trump’s Inflation Claims Clash With US Data: Can Bitcoin and Stocks Rally?

• Trump claimed inflation is falling and incomes are rising, despite hotter September CPI and PPI data.
• US annual CPI climbed to 3.7%, while monthly producer prices rose 1.3% in September.
• Trump’s economic optimism could support short-term demand for Bitcoin and US stocks.

President Donald Trump says inflation is falling and incomes are climbing, a message that could lift short-term demand for Bitcoin and US stocks.

Official September data tells a different story, with consumer and producer prices both running hotter. The gap between optimism and the numbers may decide how long any rally lasts.

Trump Claims Inflation Is Falling as CPI and PPI Climb

On October 30, Trump said inflation has dropped, and income for people and companies is way up.

Data from the US Bureau of Labor Statistics does not back the inflation claim. Annual CPI ros…

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