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President Trump thanked McDonald’s for reducing costs and famous Walmart’s Thanksgiving dinner is cheaper in 2025 vs. 2024.
President Donald Trump mentioned on Monday that the U.S. is in an period of financial prosperity as “costs are coming down.”
“That is additionally the golden age of America as a result of we’re doing higher than we have ever completed as a rustic,” Trump mentioned whereas addressing affordability in entrance of key political figures and McDonald’s franchisees and executives in Washington on the McDonald’s Influence Summit. “Costs are coming down and all of that stuff.”
Trump instructed viewers members that inflation is “regular” after dropping from its highest degree in additional than 40 years.
TRUMP’S TARIFF REVENUE HAS SKYROCKETED IN JUST A FEW MONTHS, SOARING PAST 2024 LEVELS
Whereas inflation has dropped considerably from the excessive of 9.1% in June 2022, the biggest enhance since 1981, it stays elevated, forcing households to proceed chopping again on discretionary spending.
President Donald Trump arrives to ship remarks on the McDonald’s Influence Summit on the Westin DC Downtown on Nov. 17, 2025, in Washington, D.C. (Win McNamee/Getty Photos)
In current months, inflation has even trended greater as tariffs increase prices for companies and are subsequently handed on to customers. In September, inflation reached 3% for the primary time since February, above the Federal Reserve’s 2% goal price.
US HOUSEHOLD DEBT HITS A NEW RECORD, NY FED FINDS
A November report by the Federal Reserve Financial institution of New York revealed that American households’ debt burdens elevated to the best degree on file within the third quarter of 2025. U.S. shopper sentiment additionally declined to its lowest degree in additional than three years and close to an all-time low as households’ considerations concerning the economic system mount.
McDonald’s CEO Chris Kempczinski listens as President Donald Trump delivers remarks on the McDonald’s Influence Summit on the Westin DC Downtown on Nov. 17, 2025, in Washington, D.C. (Win McNamee/Getty Photos / Getty Photos)
The College of Michigan’s Index of Shopper Sentiment preliminary studying for November was 50.3, effectively beneath the 53.2 anticipated by economists polled by LSEG. That is the lowest degree for shopper sentiment reported by the index since a studying of fifty in June 2022, when the U.S. economic system was beset by the best degree of inflation in 40 years.
Nonetheless, Treasury Secretary Scott Bessent promised aid for American wallets in 2026, telling Fox Information earlier this month will probably be a “blockbuster” 12 months.
Bessent mentioned that the One Massive Stunning Invoice Act supplies main incentives for corporations to construct factories within the U.S. and create American jobs, whereas additionally delivering tax aid for tipped staff, time beyond regulation pay and Social Safety earnings. These provisions, Bessent mentioned, will result in “huge refunds” that quantity to a different direct profit for working households.
President Donald Trump delivers remarks on the McDonald’s Influence Summit on the Westin DC Downtown on Nov. 17, 2025, in Washington, D.C. (Win McNamee/Getty Photos / Getty Photos)
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Bessent additionally addressed hypothesis that Trump might supply tariff rebates to sure households, outlining what the plan may seem like.
“The president’s speaking a few $2,000 rebate, and that might be for households making lower than, say, $100,000,” he mentioned.
FOX Enterprise’ Eric Revell contributed to this report.
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