Inflation Plummeting Rapidly

[kyzr]

Why are you blaming higher grocery prices on inflation? Do you have any proof?

Define inflation. (Hint: higher prices, duh)

 

[Mac1958]

Extremely Great inflation data this morning.

PCE is the FEDs preferred inflation gauge and it came in great across the board, increasing a meager 0.1% MoM and only 3.8% YoY, which is very close to the FED acceptable range.

Core PCE came in at just 0.3% MoM, which is getting very close to the FED's acceptable range.

Inflation is easing and the main causes, Putin's war and supply chain issues, are easing big time.

Commodities surged 80-100% in weeks, after the Putin war. Nat gas surged from $3 to $10+ and all commodities surged massively, that will cause inflation. The supply chain has finally been fixed and covid gone from china, and inflation is easing because of it.

PPI inflation has plummeted and is in deflation indicating more easing coming !

Personal income rose 0.4%, in another big positive.

Expect more easing of inflation, but continued strength in the economy with the best labor market in US history, and still a large amount of job openings with good pay supporting Americans. Build Back Better will also keep the labor market very strong.

Economic Calendar - Investing.com

Economic calendar: get indicators in real-time as economic events are announced and see the immediate global market impact - Including previous, forecast and actual figures.

www.investing.com

From what I've been seeing, global supply chains have been running at essentially 95% to 100% for several weeks now, so that's pretty freaking good news.

Unfortunately, inflationary pressures began feeding on themselves a long time ago, and that's when the shit hit the fan and this crap stuck for a while.

Anyway, this is definitely good news overall.

 

[kyzr]

Holy shit, you're an ignoramus.
It's one of the main reason why there was bipartisan support for the CHIPS Act.
Read something other than the gateway pundit, and try to learn about the world, you stupid motherfucker.

The CHIPS Act won't make any chips for years dumbass.
So why all of a sudden is there a chip shortage for gas powered cars when two years ago there wasn't a shortage?

 

[Harpy Eagle]

The CHIPS Act won't make any chips for years dumbass.
So why all of a sudden is there a chip shortage for gas powered cars when two years ago there wasn't a shortage?

There was a shortage 2 years ago, how did you miss this?

Everything you need to know about the chip shortage that's plaguing automakers

Why is there a semiconductor chip shortage? How long will the chip shortage last? How does the chip shortage impact cars? Here's what to know.

www.freep.com

 

[Nostra]

Extremely Great inflation data this morning.

PCE is the FEDs preferred inflation gauge and it came in great across the board, increasing a meager 0.1% MoM and only 3.8% YoY, which is very close to the FED acceptable range.

Core PCE came in at just 0.3% MoM, which is getting very close to the FED's acceptable range.

Inflation is easing and the main causes, Putin's war and supply chain issues, are easing big time.

Commodities surged 80-100% in weeks, after the Putin war. Nat gas surged from $3 to $10+ and all commodities surged massively, that will cause inflation. The supply chain has finally been fixed and covid gone from china, and inflation is easing because of it.

PPI inflation has plummeted and is in deflation indicating more easing coming !

Personal income rose 0.4%, in another big positive.

Expect more easing of inflation, but continued strength in the economy with the best labor market in US history, and still a large amount of job openings with good pay supporting Americans. Build Back Better will also keep the labor market very strong.

Economic Calendar - Investing.com

Economic calendar: get indicators in real-time as economic events are announced and see the immediate global market impact - Including previous, forecast and actual figures.

www.investing.com

Still more than two and a half times higher than what Trump left Tater, Simp.

 

[Flash]

To say nothing if the enormous sums wasted on Ukraine. A war Biden provoked.

I think that it is a given that a significant amount of the funds given to Ukraine found its way back to the Democrat coffers and the Potatohead family wealth accumulation fund.

 

[gipper]

I think that it is a given that a significant amount of the funds given to Ukraine found its way back to the Democrat coffers and the Potatohead family wealth accumulation fund.

Probably so and no doubt those funds feed both parties.

Nothing is more bipartisan than war.

 

[Papageorgio]

How many threads are you going to start on this subject?

 

[Lesh]

I think that it is a given that a significant amount of the funds given to Ukraine found its way back to the Democrat coffers and the Potatohead family wealth accumulation fund.

If it were a given there'd be proof. There isn't

 

[Marener]

So why all of a sudden is there a chip shortage for gas powered cars when two years ago there wasn't a shortage?

There was this thing called the pandemic which reduced supply and increased demand for semiconductors.

 

[Marener]

I paid $1.89 for diesel summer of 2019. I knew it wouldn’t last.

Of course it wouldn’t. The oil and gas industry in 2019 was totally unsustainable. There was a production war that everyone was trying to put each out out of business by overproducing and driving the price down.

It was unsustainable because the industry was losing money and they can only do that for so long.

But go ahead and try to make this about who is president because that’s what the political hacks want you to believe.

 

[Mac1958]

If it were a given there'd be proof. There isn't

Oh, you know by now that the only proof they need is their fake news sites.

 

[Manonthestreet]

Real Average Weekly Earnings Fall for 26th Straight Month Under Biden, as Inflation Outpaces Wage Growth

When inflation is factored in, real average weekly earnings in May marked the 26th consecutive monthly decline, compared to year-ago, the U.S. Bureau of Labor Statistics reported Tuesday.

www.mrctv.org

 

[gipper]

Of course it wouldn’t. The oil and gas industry in 2019 was totally unsustainable. There was a production war that everyone was trying to put each out out of business by overproducing and driving the price down.

It was unsustainable because the industry was losing money and they can only do that for so long.

But go ahead and try to make this about who is president because that’s what the political hacks want you to believe.

Where did I state anything about who was potus, uniparty dupe?

 

[Marener]

Where did I state anything about who was potus, uniparty dupe?

Oh right. I forgot. You believe in nothing except fringe conspiracies.

 

[Synthaholic]

And some retard replied with “sucks for you”, which brought it into the realm of my personal experience. Do try to keep up.

Pathetic loser. I replied that way because you were talking about yourself, not Americans as a whole.

You can't keep up.

 

[Synthaholic]

It was a great week for the economy


New retail sales numbers, inflation, and a pause in rate hikes point to a strong week in the economy.

This data shows the economy may be on its way to balancing lowering inflation with maintaining growth.

Retail sales rose 0.3% from April to May as consumers spent more across the board.

This was a busy week for economic data, and it looks like the US may be on the right track.

Americans are feeling good about the state of the economy heading into the summer as gas prices fall and inflation slows in other categories. As a result, plenty of Americans are still shopping, which means businesses can continue to hire. That's reflected in low unemployment and strong job growth at a time when hourly wages finally caught up to inflation. This also reflects rises in manufacturing, especially in motor vehicles, as the nation continues building factories at a very fast rate.

All of this good news contributes to an economy that gave the Federal Reserve the confidence to skip its string of interest rate hikes this month.

Let's take a closer look at the more encouraging numbers that came out in just the last week.


Americans are still shopping

Inflation is slowing, while jobs and wages stay strong

Interest rates skip hike as economy continues growing

It all means Americans feel confident the economy is headed in the right direction

 

[Synthaholic]

You mean Biden’s war that he provoked.

Don't cry. Real men have got this.

 

[Synthaholic]

To say nothing if the enormous sums wasted on Ukraine. A war Biden provoked.

5% of the US military budget to take down Russia?

YES, PLEASE!!!

 

[Synthaholic]

I paid $1.89 for diesel summer of 2019. I knew it wouldn’t last.

And people are paying $2.24 for gas now.

Don't cry!!!