President Donald Trump has insisted that prices are falling, even as consumers continually express concern about the economy. He has repeatedly attacked Federal Reserve Chair Jerome H. Powell for not lowering interest rates to offset the effects of his trade war.

Trump claimed last month that gasoline prices had fallen as low as $1.98 in a couple of states. On Friday, Trump voiced a similar assertion on social media, saying, "Gasoline just broke $1.98 a Gallon, lowest in years."

Tuesday’s report could provide an early read on how Trump’s duties will affect the prices Americans pay for necessities.

Inflation cooled for the third straight month in April even after some of Trump's tariffs took effect, though economists and many businesses expect inflation will climb in the coming months.

President Donald Trump falsely claimed Tuesday that he warned during his 2024 campaign that his tariffs would require Americans to experience the challenges of a “transition period.”

The move would align prescription costs in the US with the costs of other countries, according to the administration.

Trump’s post is undercut by prior social media posts where he took credit when the stock market boomed under President Joe Biden in January 2024.

To commemorate his first 100 days in office this term, President Donald Trump gave a speech in Michigan and granted interviews to several news outlets. In our review of his remarks, we found false and misleading claims,

President Donald Trump granted a lengthy interview to Time magazine in honor of completing his first 100 days of his second term today. As usual, the interview consisted of bluster and bombast, with hefty doses of B.S. Here’s a guide to the inaccuracies in 32 claims, in the order in which he made them.

Health policy experts said it is still unclear how much prices will go down, which medicines will be impacted and whether the effort can be implemented at all.

Even so, a rollback of some levies since "Liberation Day" may reduce the impact on inflation. Trump paused a large swath of so-called "reciprocal tariffs" within days of the announcement. On Monday, Trump temporarily slashed tariffs on China from 145% to 30%.