May CPI

[snarlcakes]

• CPI 1% M/M, Exp. .7%
• CPI 8.6% Y/Y, Esp. 8.3%
• If we're not already in a recession they will continue to hike until we get in one.
• Markets are going lower. This was a very bad print.

 

[IUJIM]

• CPI 1% M/M, Exp. .7%
• CPI 8.6% Y/Y, Esp. 8.3%
• If we're not already in a recession they will continue to hike until we get in one.
• Markets are going lower. This was a very bad print.

The Fed was slow to react. The Federal government kept handing money out. Pipelines shutdown, dozens of ships sitting in the Pacific ocean, nobody wants to work. This is not going to end well.

 

[snarlcakes]

The Fed was slow to react. The Federal government kept handing money out. Pipelines shutdown, dozens of ships sitting in the Pacific ocean, nobody wants to work. This is not going to end well.

I agree and I think 2023 is going to be worse. Unfortunately, inflation also compounds and each month people feel it more and more.

 

[bailey777]

• CPI 1% M/M, Exp. .7%
• CPI 8.6% Y/Y, Esp. 8.3%
• If we're not already in a recession they will continue to hike until we get in one.
• Markets are going lower. This was a very bad print.

This is little doubt why they picked last night to put Bide's kangaroo court on tv. They knew the numbers today were going to be flat out awful and they want deflect and make you not notice how bad things are.

Consumer sentiment sank to its worst level on record in early June as the rising cost of food, gas, and other essentials weighed on American consumers.

The University of Michigan's closely watched Surveys of Consumers consumer sentiment index slumped to 50.2 in the preliminary June survey, marking the lowest level recorded by the survey, which dates back to the mid-'70s.

Friday's reading marked a drop from May's already-depressed level of 58.4, and missed estimates for a print of 58.1, according to Bloomberg data. Throughout 2019, the last year before the COVID-19 pandemic sent the economy into recession, the sentiment index had averaged around 96.0.

"Consumer sentiment declined by 14% from May, continuing a downward trend over the last year and reaching its lowest recorded value, comparable to the trough reached in the middle of the 1980 recession," Joanne Hsu, director of the University of Michigan's Surveys of Consumers, said in a statement.

 

[snarlcakes]

This is little doubt why they picked last night to put Bide's kangaroo court on tv. They knew the numbers today were going to be flat out awful and they want deflect and make you not notice how bad things are.

Consumer sentiment sank to its worst level on record in early June as the rising cost of food, gas, and other essentials weighed on American consumers.

The University of Michigan's closely watched Surveys of Consumers consumer sentiment index slumped to 50.2 in the preliminary June survey, marking the lowest level recorded by the survey, which dates back to the mid-'70s.

Friday's reading marked a drop from May's already-depressed level of 58.4, and missed estimates for a print of 58.1, according to Bloomberg data. Throughout 2019, the last year before the COVID-19 pandemic sent the economy into recession, the sentiment index had averaged around 96.0.

"Consumer sentiment declined by 14% from May, continuing a downward trend over the last year and reaching its lowest recorded value, comparable to the trough reached in the middle of the 1980 recession," Joanne Hsu, director of the University of Michigan's Surveys of Consumers, said in a statement.

You can’t hide inflation and it’s a regressive tax. At home food cost are up 11.9% for the year. Gas is 5+ and inflation is increasing. The consumer is f#cked. For the first time I talked to some people who are canceling vacation plans. It all sucks.

 

[MyTeamIsOnTheFloor]

When the price of abortions and penis removal surgery gets too expensive, the Dims will have prime-time televised hearings.

Poor people who cant work, eat or feed babies no longer move their needle.

 

[dbmhoosier]

You can’t hide inflation and it’s a regressive tax. At home food cost are up 11.9% for the year. Gas is 5+ and inflation is increasing. The consumer is f#cked. For the first time I talked to some people who are canceling vacation plans. It all sucks.

But, but the insurrection...