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How the economy looked in President Trump's first 100 days

Hearst Television Data Team analyzes key economic markers since Jan. 20

How the economy looked in President Trump's first 100 days

Hearst Television Data Team analyzes key economic markers since Jan. 20

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How the economy looked in President Trump's first 100 days

Hearst Television Data Team analyzes key economic markers since Jan. 20

A drumbeat of President Donald Trump's campaign was that his next presidency would supercharge the economy, curb inflation and lower the costs of goods in an effort to "Make America Affordable Again." Nearly a hundred days into his second term, the Hearst Television Data Team analyzed movements in inflation and the stock market to gauge the current economic climate.Inflation eases at 2.4%When Trump returned to the Oval Office in January, the overall consumer price index, which measures the change in prices for a basket of goods and services, increased 3% from 2.9% in December 2024. The 3% inflation was higher than experts had projected for the month.But the overall consumer price index eased from the high 3% in January and landed on a 2.4% inflation in March.The seasonally adjusted monthly percent change for food has fluctuated, decreasing to 0.2% in February before rising again to 0.4% in March. While not all grocery items have seen price increases, the cost of eggs continued to climb, reaching a record high of $6.23 per dozen in March. Eggs, in particular, have been a significant driver of the rising food index since the tail end of Biden's administration.At the start of President Trump's first term in 2017, a dozen large Grade-A eggs cost $1.60. By 2025, the monthly average price surged to $4.95, driven by the avian flu outbreak. Egg prices continued to climb until April, as bird flu outbreaks led to the culling of 30.6 million chickens across nine states. Related story: March inflation dips, but staples like eggs and beef continue to rise Stock market trendsMarkets have been rattled in Trump's first 100 days in office by the threat of tariffs, the president's attacks on Federal Reserve Chair Jerome Powell and concerns about a potential recession.Compared to Trump's first term in office, the three largest stock indexes in the United States, namely S&P 500, Dow Jones Industrial Average and Nasdaq, saw a dip. These indexes saw a sharp decline on April 2, dubbed "Liberation Day," wherein Trump laid out his plans to impose sweeping tariffs on all goods imported to the U.S.The special tariff rates took effect on April 9 at 12:01 a.m. EDT. Chinese goods were subject to a 104% tariff, European goods faced a 20% import tax, Japanese goods were taxed 24%, and Vietnamese products 46%. Days after the tariff announcements, market losses put the S&P 500, Nasdaq and Dow Jones Industrial Average close to bear market territory. Less than a day after the tariffs took effect, Trump said he would put a pause on tariffs for the next 90 days, bringing tariff levels to a universal 10%, except for China, whose tariff he hiked to 145% after Beijing retaliated with a 125% tariff on goods imported from the U.S. Related story: Trump pauses tariffs but hikes China's. Here's a timeline of the U.S.-China trade warGrowth projectionThe International Monetary Fund (IMF) in April slashed its growth forecast for the United States to 1.8% in 2025, down from its 2.7% projection in January. During the World Economic Outlook press briefing, the IMF explained that the tariff announcements partly contributed to the reduction in its projection, but it had already observed a "weakening and slowdown" prior to this. This includes declining consumption numbers and decreasing consumer confidence. Despite this, the IMF clarified that it does not foresee a recession in its reference forecast.PHNjcmlwdCB0eXBlPSJ0ZXh0L2phdmFzY3JpcHQiPiFmdW5jdGlvbigpeyJ1c2Ugc3RyaWN0Ijt3aW5kb3cuYWRkRXZlbnRMaXN0ZW5lcigibWVzc2FnZSIsKGZ1bmN0aW9uKGUpe2lmKHZvaWQgMCE9PWUuZGF0YVsiZGF0YXdyYXBwZXItaGVpZ2h0Il0pe3ZhciB0PWRvY3VtZW50LnF1ZXJ5U2VsZWN0b3JBbGwoImlmcmFtZSIpO2Zvcih2YXIgYSBpbiBlLmRhdGFbImRhdGF3cmFwcGVyLWhlaWdodCJdKWZvcih2YXIgcj0wO3I8dC5sZW5ndGg7cisrKXtpZih0W3JdLmNvbnRlbnRXaW5kb3c9PT1lLnNvdXJjZSl0W3JdLnN0eWxlLmhlaWdodD1lLmRhdGFbImRhdGF3cmFwcGVyLWhlaWdodCJdW2FdKyJweCJ9fX0pKX0oKTs8L3NjcmlwdD4K

A drumbeat of President Donald Trump's campaign was that his next presidency would supercharge the economy, curb inflation and lower the costs of goods in an effort to "Make America Affordable Again."

Nearly a hundred days into his second term, the Hearst Television Data Team analyzed movements in inflation and the stock market to gauge the current economic climate.

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Inflation eases at 2.4%

When Trump returned to the Oval Office in January, the overall consumer price index, which measures the change in prices for a basket of goods and services, from 2.9% in December 2024. The 3% inflation was higher than experts had projected for the month.

But the overall consumer price index eased from the high 3% in January and landed on a 2.4% inflation in March.

The seasonally adjusted monthly percent change for food has fluctuated, decreasing to 0.2% in February before rising again to 0.4% in March. While not all grocery items have seen price increases, the cost of eggs continued to climb, reaching a record high of $6.23 per dozen in March. Eggs, in particular, have been a significant driver of the rising food index since the tail end of Biden's administration.

At the start of President Trump's first term in 2017, a dozen large Grade-A eggs cost $1.60. By 2025, the monthly average price surged to $4.95, driven by the avian flu outbreak. Egg prices continued to climb until April, as bird flu outbreaks led to the culling of chickens across nine states.

Related story: March inflation dips, but staples like eggs and beef continue to rise

Markets have been rattled in Trump's first 100 days in office by the threat of tariffs, the president's attacks on Federal Reserve Chair Jerome Powell and concerns about a potential recession.

Compared to Trump's first term in office, the three largest stock indexes in the United States, namely S&P 500, Dow Jones Industrial Average and Nasdaq, saw a dip. These indexes saw a sharp decline on April 2, dubbed "Liberation Day," wherein Trump laid out his plans to impose sweeping tariffs on all goods imported to the U.S.

The special tariff rates took effect on April 9 at 12:01 a.m. EDT. Chinese goods were subject to a 104% tariff, European goods faced a 20% import tax, Japanese goods were taxed 24%, and Vietnamese products 46%. Days after the tariff announcements, market losses put the S&P 500, Nasdaq and Dow Jones Industrial Average close to bear market territory.

Less than a day after the tariffs took effect, Trump said he would put a pause on tariffs for the next 90 days, bringing tariff levels to a universal 10%, except for China, whose tariff he hiked to 145% after Beijing retaliated with a 125% tariff on goods imported from the U.S.

Related story: Trump pauses tariffs but hikes China's. Here's a timeline of the U.S.-China trade war

Growth projection

The International Monetary Fund (IMF) in April slashed its for the United States to 1.8% in 2025, down from its 2.7% projection in January. During the World Economic Outlook press briefing, the IMF explained that the tariff announcements partly contributed to the reduction in its projection, but it had already observed a "weakening and slowdown" prior to this. This includes declining consumption numbers and decreasing consumer confidence. Despite this, the IMF clarified that it does not foresee a recession in its reference forecast.