
The once anti-Trump founder of Home Depot, Ted Langone, is now endorsing Donald Trump as another inflation report defies Fed Experts and Jerome Powell with relatively tame 2.7% inflation in the month of June and 2.9% CPI, defying reports of a doomsday scenario with tariffs causing major price hikes. Meanwhile, as the Fed still insists on keeping interest rates high, Donald Trump announces a new trade deal with Indonesia as Apple announces a new investment into a rare earth mine in the US, vindicating the logic behind he and Scott Bessent's trade approach.
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