Breaking News: New CPI inflation report lowest since 2021

[Fort Fun Indiana]

When people cut expenses by spending less on things, naturally the cost of those things will equal less of earned income than before.

People are trying to spin this as a positive. It isn't. This only shows people trying to regulate their spending.

This is of course utter nonsense.

In fact, savings are down.

 

[Hollie]

That's capitalism. Looks fine, right?

Bumpkin. Greed and waste as in the Green New Boondoggle is not capitalism.

 

[TemplarKormac]

In fact, savings are down.

Doesn't that make my point? I'm pretty sure it does.

 

[Fort Fun Indiana]

Bumpkin. Greed and waste as in the Green New Boondoggle is not capitalism.

Irrelevant babbling.

Gouging is capitalism. Looks great, right?

 

[Fort Fun Indiana]

Doesn't that make my point? I'm pretty sure it does.

Then you're daft. No, lower savings does not mean Americans are saving more instead of spending.

 

[Hollie]

Irrelevant babbling.

Gouging is capitalism. Looks great, right?

Pointless and ignorant.

You make your usual, nonsense comments.

 

[EvilCat Breath]

^^Definitely jim jones material^^ The country is worse off now vs 2020. That's not even up for debate.

The country is worse off in many MANY ways. On every indicator, we are worse off.

 

[whitehall]

What happened for the last three years? Is it possible that the Biden administration is manipulating the inflation rates for political gain? Does it mean there will be less focus on the "green agenda" until after the election?

 

[SassyIrishLass]

Pointless and ignorant.

You make your usual, nonsense comments.

Disengage, I know I'm better off doing so

 

[TemplarKormac]

Then you're daft. No, lower savings does not mean Americans are saving more instead of spending.

I didn't say anything about them trying to save more money. How can they with the cost of necessities as high as they are? I said they are saving less because they are spending more. They spend more, thus they save less. That speaks ill of the economic model you espouse. That means whatever they were buying, namely groceries, become a lesser driver of their spending than before.

You, unsurprisingly, have no clue.

 

[SassyIrishLass]

Ooof...

 

[citygator]

Right now the markets (subject to change) have 25bps pretty much baked in, but they're very shaky. I can't say whether 25 or 50 would definitely be better, but with the market running on pure emotion for the last 15 years or so, a panicky move would probably be a bad idea.

Personally, from a pure analytical level, I'm not even convinced we actually need 25. But it's baked in now.

I remember getting 5.00% for clients in their freakin' money market accounts before the Meltdown, so I kinda like where we are now on rates.

Zero basis for my opinion here but i like 4.5-4.75% for the optics of starting with a 4. I think it psychologically just reads better. Kind of like people price shit at $4.99 instead of $5.

 

[citygator]

Ooof...

View attachment 1009767

Yep. Donald Trump won the debate.. Just ask him.

 

[SassyIrishLass]

Yep. Donald Trump won the debate.. Just ask him.

View attachment 1009768

It's CNN dumbass. Pathetic

 

[citygator]

I don't know but I bet a pretty large majority of those using SNAP are Democrats.

Red states get more SNAP than anyone.

 

[Mac1958]

Yep. Donald Trump won the debate.. Just ask him.

View attachment 1009768

92-8.

Oy. His mind.

 

[citygator]

It's CNN dumbass. Pathetic

Well. If you trust CNN, I am fine. Especially the poll saying 63% of people think Harris won the debate and 37% are stupid. : )

 

[TemplarKormac]

Yep. Donald Trump won the debate.. Just ask him.

View attachment 1009768

No. Ask THEM.

It's CSPAN dude. You lose.

 

[SassyIrishLass]

Well. If you trust CNN, I am fine. Especially the poll saying 63% of people think Harris won the debate and 37% are stupid. : )

I don't trust CNN... now think hard you daffodil

 

[0311]

Down to 2.5%, and 0.2% month over month.
https://www.washingtonpost.com/business/2024/09/11/cpi-inflation-fed-rates/

Inflation eased again in August, cementing expectations that the Federal Reserve is setto cut interest rates next week for the first time since the pandemic’s early days.

Data released Wednesday by the Bureau of Labor Statistics showed prices climbed 2.5 percent in the 12 months ending in August. That was a noticeable improvement over the 2.9 percent notched in July, in part because of falling gas prices. Prices also climbed 0.2 percent over the previous month.

Strong employment numbers, CPI at 2.5%. The U.S. oil production at an all time high Seems Bidenomics does work.