Inflation slows to 7.1% as economy cools off

[Rust_Cohle]

Prices were up only 0.1% in November compared to 0.4% in October. The Fed is doing what the Fed is supposed to do...hopefully without causing a recession.

We've been in a recession dummy

 

[JGalt]

Its good news in Dimmer Bizarro world.

"The beatings will continue until morale improves."

 

[JGalt]

We've been in a recession dummy

It's a "stealth recession." If you don't believe we're in a recession, then it doesn't exist.

The Democrats count the economic numbers the same way they counted the votes.

 

[protectionist]

Now if the incoming repub House would decide to govern, instead of block and investigate...maybe we would see things really improve. But, with idiots like McCarthy and MTG, I doubt that will happen.

Block and investigate is all the Democrat House has been doing for 8 years. Republcan House hasnt even started yet.

 

[protectionist]

Inflation slows to 7.1% for November, another sign the economy is cooling off

Compared to October, the inflation rate fell from 7.7%. It's the second consecutive month it has fallen.

www.nbcnews.com

The Biden administration and the Fed are doing their job. Good times ahead!

1. The link explains that this is "core" inflation, which does not include, gas, energy & food prices.
2. It says that "The national median rent fell by 1% month over month in November, to $1,356." Oh isnt that dandy, when before Biden came in, people were paying 6-$700/month and have experienced 100% inflation. So our rents go up 100%, and now they come down 1%. Isn't that thrilling ?

99% inflation, and we're supposed to be
happy.

 

[protectionist]

There shouldn't be ANY inflation. Because prices have soared so much (especially in rental housing & gas prices, zero inflation and DEflation are what should be.

 

[Marener]

Amazing to see people triggered by good news.

Losers.

 

[Flash]

That is the problem with runaway inflation. To fix it you have to have high interest rates and a recession economy. Americans get fucked.

Of course the stupid Democrats won't stop all the inflationary spending so we have both recession and inflation.

By the way, 7.1% inflation is absolutely terrible. better than 10% but still very bad.

 

[Fort Fun Indiana]

Great to see. A long way to go, but we'll get there.

The housing bubble has also leveled off a little bit. That was a greater risk that inflation, really. So it's good news.

 

[Synthaholic]

The best part of this great economic news? More MAGA meltdowns!

 

[Synthaholic]

 

[C_Clayton_Jones]

Amazing to see people triggered by good news.

Losers.

True.

The reprehensible right wants Americans to continue to suffer for some perceived political gain.

 

[Dayton3]

Inflation slows to 7.1% for November, another sign the economy is cooling off

Compared to October, the inflation rate fell from 7.7%. It's the second consecutive month it has fallen.

www.nbcnews.com

The Biden administration and the Fed are doing their job. Good times ahead!

WWWWHHHEEE!!! It's 1980 all over again

 

[JGalt]

Amazing to see people triggered by good news.

Losers.

Here's your "good news", loser...

• A President who promised to "end fossil fuels" (Impossible and stupid to even attempt)

• Gasoline that rose 3 times the price it was in 2018, depending on location

• Ending US Keystone XL pipeline while waiving sanctions on Russia's Nord Stream 2 pipeline

• The price of oil jumping up to $130 per barrel

• Draining our own Strategic Oil Reserve to the lowest level since 1984

• Having to beg Saudi Arabia and Venezuela for oil

• Inflation rate that rose as high as 9.1%, which was almost 5 times higher than it was in 2019

• A recession

• The average middle-class family coming up about $6,000 short of purchasing power

• The DOW dropping 6,700 points in only a year

• The stock market losing $9 trillion dollars worth of value in only two years

• Retirement accounts losing $3 trillion dollars

• 30 year fixed mortgages rising by 4.43% in only two years, to 7.75%

• Home prices soaring 43% in only two years and housing sales slumping

• Median asking rent prices rising 79.7% in only two years

• Grocery prices increasing by 13.5% in only two years

• The price of electricity rising by 15.8% in only two years

• Hefty tax increases on the lower and middle class

• 84,000 new IRS agents arming and training to be home invaders

• Use of DOJ and FBI to harass political opponents

• A broken election system corrupt with fraud, sometimes taking months to count

• Wholesale mailing of ballots, ballot drop boxes, and illegal ballot harvesting

• Using a complicit media to lie, distort facts, and disseminate disinformation

• Conducting covert raids on American citizens and confiscating personal property

• Supply line disruptions, backorders, items out of stock or unavailable

• Sporadic shortages on grocery store shelves

• Food-processing plants mysteriously burning down

• Thousands of small businesses destroyed in order to benefit mega-corporations

• Continuing monumental trade deficit with China

• Allowing Communist China to operate "Police Stations" in American cities

• More COVID deaths than in 2020

• Vaccine mandates which caused deaths and debilitating health conditions

• Vaccine mandates which caused massive job losses for those who refused compliance

• A whole generation of kids physically and psychologically damaged by prison-style lockdowns

• Subjecting young girls to creepy boys posing as "transgenders" in girl's locker rooms

• Stealing women's ability to fairly compete by allowing transgender males in women's sports

• Subjecting children to pornographic "Drag shows" and grooming them to be sex objects

• The promotion of transgenserism in schools, resulting in the genital and fertility mutilation
of children and adolescents by unethical medical practices and Big Pharma.

• Mass shootings ocurring sometimes three times a week

• An exponentially-spiraling epidemic of violent crime and drugs

• Fentanyl seizures up 745 percent

• 100,000 fentanyl deaths in Biden's first year of presidency

• 120% increase in opioid deaths in just two years

• A President who encouraged illegals to "surge" across the border without reason for amnesty

• 4.9 million illegals crossing US border within only two years

• 900,000 "gotaways" who eluded apprehension and disappeared into American communities

• Record numbers of illegals dying while crossing the border

• Border Patrol arresting 98 who were on the terror watch list in 2022, 3X the last 5 years combined

• A President who wouldn't visit the border and said he had "More important things going on."

• A dishonorable withdrawal from Afghanistan that cost 13 American soldiers their lives

• $7.12 billion worth of US military equipment and weaponry left to the Taliban

• Hundreds of US citizens and Afghans left behind in Afghanistan after the withdrawal

• People falling out of the wheel wells of aircraft leaving Afghanistan

• A weakened US military that's more concerned with "political correctness" than creating soldiers

• A weakened US military via destructive anti-white racism and transgender-promoting policies

• Record low enlistment numbers

• A revitalized Russian oil industry, despite US sanctions

• A war in Ukraine that has cost the US billions of dollars and killed thousands

• Increased possibility of nuclear war with Russia

• Traded an America-hating doper lesbian basketball player for a Russian terrorist arms dealer

• Iran expanding their nuclear enrichment program

• China becoming energy and militarily dominant

• A senile, angry, and incompetent president who falls off of a bicycle, falls up stairs, insults
half the people in America, labels people as "terrorists", divides the country, and tries to incite
a civil war.

 

[Ralph Norton]

True.

The reprehensible right wants Americans to continue to suffer for some perceived political gain.

Right, because reprehensible Democrats didn't want the same when Trump was president.

 

[odanny]

The important thing is that Joe's green energy investment means not only jobs for Americans, but exports for the country. At our heyday, we were a country that exported goods. We switched to a country that imports goods around 1971, it went into overdrive under Republicans and Reagan, then NAFTA, then China in the WTO, to today.

And the good news is we can lead in green technology if we want to, and supply the world with it, as everyone wants to do. Now there is news that a fusion breakthrough may have occurred.

Joe has us on the right path, thanks Joe!

 

[odanny]

• A broken election system corrupt with fraud, sometimes taking months to count

• Wholesale mailing of ballots, ballot drop boxes, and illegal ballot harvesting

• Using a complicit media to lie, distort facts, and disseminate disinformation

You really are a half-wit.

 

[jbrownson0831]

True.

The reprehensible right wants Americans to continue to suffer for some perceived political gain.

Waaah waaah waaah!

 

[Nobody911]

My views : Don't ever trust the WH or the MSM!

Facts :
Gross Domestic Product (Second Estimate) and Corporate Profits (Preliminary), Third Quarter 2022

Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the third quarter of 2022, in contrast to a decrease of 0.6 percent in the second quarter. The increase in the third quarter primarily reflected increases in exports and consumer spending that were partly offset by a decrease in housing investment.

Profits decreased 1.1 percent at a quarterly rate in the third quarter after increasing 4.6 percent in the
second quarter.

Source:
U.S. Economy at a Glance | U.S. Bureau of Economic Analysis (BEA) – U.S. Economy at a Glance | U.S. Bureau of Economic Analysis (BEA)

 

[JimH52]

We've been in a recession dummy

So you are one of the repub, Poootin lovers that is hoping that the United States fails. Yeah, you are one of the problems with this country.