I’m guessing rates will stay higher for a longer period of time.Maybe Snake, mcm, and Joe will get the deflation they are searching for after all. 🤷♂️
Heck, no one in the world can hold us accountable.
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I’m guessing rates will stay higher for a longer period of time.Maybe Snake, mcm, and Joe will get the deflation they are searching for after all. 🤷♂️
Also depends on what is included. Just goods and services it’s not that telling when food and energy are backed out. I just got killed at the pump. Same with house prices not included. Any way you carve it up the last four years have been a disaster. How much is on Biden is debatable. That our country has major cost of living issues isn’t12 mo inflation rates
Jun 2022
9.1
July 2022
8.5
Aug
8.3
Sept
8.2
Oct
7.7
Nov
7.1
Dec
6.5
Jan 2023
6.4
Feb
6.0
Mar
5.0
Apr
4.9
May
4.0
Jun
3.0
July
3.2
Notice a trend? Sure, 3.2 > 3.0, but you gotta admit the facts
Current US Inflation Rates: 2000-2024
The annual inflation rate for the United States was 3.2% for the 12 months ending February, compared to the previous rate of 3.1%, according to U.S. Labor Department data published on March 12, 2024. The next inflation update is scheduled for release on April 10 at 8:30 a.m. ET, providing...www.usinflationcalculator.com
Fabrication and manipulation when it comes to data and futures. Congress doesn’t seem to careMost likely. The FED can only do so much, with the amount of debt we have. Their only option is to monetize the debt. Unfortunately, the America public is too stupid to understand it and will continue voting for people like Biden.
Most people would take the extra cash in their pocket, though. Then decide what they can afford.Wage growth only creates bigger inflation issues
We are going to see a wave of foreclosures and bankruptcies in the next 15 monthsMost people would take the extra cash in their pocket, though. Then decide what they can afford.
Why do you say that? What indicators are showing that?We are going to see a wave of foreclosures and bankruptcies in the next 15 months
Inflation is done on a Year to Year basis so right now as of July numbers inflation is up 3.2% from last July which was 8.5% (according to your numbers listed) which means inflation is still up 11.7% overall from 2021 and that's not even compounded. That's 13 consecutive declines. If you want it to go down it has to be a negative number because any positive is still an increase. Those are the facts12 mo inflation rates
Jun 2022
9.1
July 2022
8.5
Aug
8.3
Sept
8.2
Oct
7.7
Nov
7.1
Dec
6.5
Jan 2023
6.4
Feb
6.0
Mar
5.0
Apr
4.9
May
4.0
Jun
3.0
July
3.2
Notice a trend? Sure, 3.2 > 3.0, but you gotta admit the facts
Current US Inflation Rates: 2000-2024
The annual inflation rate for the United States was 3.2% for the 12 months ending February, compared to the previous rate of 3.1%, according to U.S. Labor Department data published on March 12, 2024. The next inflation update is scheduled for release on April 10 at 8:30 a.m. ET, providing...www.usinflationcalculator.com
Most likely. The FED can only do so much, with the amount of debt we have. Their only option is to monetize the debt. Unfortunately, the America public is too stupid to understand it and will continue voting for people like Biden.
Inflation is done on a Year to Year basis so right now as of July numbers inflation is up 3.2% from last July which was 8.5% (according to your numbers listed) which means inflation is still up 11.7% overall from 2021 and that's not even compounded. That's 13 consecutive declines. If you want it to go down it has to be a negative number because any positive is still an increase. Those are the facts
They couldn’t let inflation run 9% and keep rates at 0.If the goal was to monetize the debt, they would have ZIRP.
They couldn’t let inflation run 9% and keep rates at 0.
Also depends on what is included. Just goods and services it’s not that telling when food and energy are backed out. I just got killed at the pump. Same with house prices not included. Any way you carve it up the last four years have been a disaster. How much is on Biden is debatable. That our country has major cost of living issues isn’t
If they keep rates elevated and inflation gets back to 2%, I’ll agree with you. If they quit at 3-4%, no bueno.Exactly, you can't grow the monetary base (monetize the debt) while hiking rates and with high inflation.
Are you laying the 20.5 on Notre Dame Saturday?It's about the annual rates, not monthly YOY, for the average person.
The fact that the last few months are near the target of 2%, doesn't negate what happened prior.
Edit to correct the target
Because people are earning $18 instead of $15 per hour? Seems implausible.We are going to see a wave of foreclosures and bankruptcies in the next 15 months
I mostly stay away from college football. Don't watch enough of it to bet with any confidence.Are you laying the 20.5 on Notre Dame Saturday?
We are going to see a wave of foreclosures and bankruptcies in the next 15 months
U.S. Inflation Accelerated in August as Gasoline Prices Jumped
Consumer prices rose in August at the fastest pace in more than a year due to a jump in energy costs, illustrating the potential obstacles to wringing inflation out of the economy without a sharper slowdown.www.wsj.com
U.S. inflation accelerated in August due to a jump in energy prices, a reminder of how wringing inflation out of the economy without a sharper slowdown could prove difficult.
The consumer-price index, a measure of goods and services prices across the U.S. economy, rose 0.6% in August from the prior month, the fastest pace in more than a year, the Labor Department reported Wednesday. More than half of the increase was due to higher gasoline prices.
So-called core prices, which exclude volatile food and energy items, rose by a relatively mild 0.3% last month after even lower readings in June and July. The August increase reflected higher costs for items such as airfares and vehicle insurance.
Do we ever get the real truth when it comes to Government performance numbers. But, what people are feeling is real.excluding food, energy, housing, and healthcare, from actual inflation numbers is a complete joke, manipulated to generate a totally fictitious inflation fairytale.
actual inflation has far outpaced the labor dept totally made up number for decades.
it's not personal. just business.
Do we ever get the real truth when it comes to Government performance numbers. But, what people are feeling is real.
The personal credit side of things is about to tip over the edge.
Americans’ credit card debt hits a record $1 trillion | CNN Business
Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.amp.cnn.com
It’s always a struggle to get past CNN’s drivel, but the numbers are there and it’s not good. Not only are people tapping their credit, many are robbing their 401k funds to stay afloat. This is a horrible method of financial management as the IRS penalizes early withdrawals. When the cookie jar runs out, what happens next?
But don’t worry, Bidenomics are wonderful and the ice cream shops are still open.
lol seriously don't bother measuring at that pointKrugman has to be the stupidest Nobel winner in history.
You can get a cheap big TV so when you do you’re forcedto pay big monthly fees forever, just to make the damn big TV actually work. You may have won on the front end with that cheap TV, but they’ll more than get you on the backend of your “steal” with their endless channel “deals”.What’s interesting is how affordable consumer goods are. You can get a big tv, electronics etc for peanuts. Cars and houses forget it.
It’s either crime or inflation killing the chain stores but the Dems caused neither! 😂😂😂
February CNBC/NRF Retail Monitor Numbers Show Consumers Continued Spending in February
Retail sales continued to grow in February, building off solid gains from January.nrf.com
February CNBC/NRF Retail Monitor Numbers Show Consumers Continued Spending in February
Retail sales continued to grow in February, building off solid gains from January.nrf.com
Glad we got that settled.Retail sales post steepest decline since March 2023
Retail sales declined more than Wall Street expected in January.finance.yahoo.com
Unless I missed it when I glanced at them, one is based on January data, and the other is based on February data. They can both be different and still be correct.Glad we got that settled.
Bowls post said there were solid gains in January.Unless I missed it when I glanced at them, one is based on January data, and the other is based on February data. They can both be different and still be correct.
Damn gas is expensive!!!!!
Retail spending was up in January, year-over-year.
The NRF numbers he posted come from real, accurate POS data, not a gov survey. I'm more inclined to believe those POS numbers than something from Uncle Sugar's surveys that are constantly adjusted after the fact when the real numbers show up.
Tree fitty now.