don't forget the CPI & PPI as it relates to inflation, it is important to know the CPI / PPI data and trends yesterday. Consumer Price Index data for Jun was released today, the updated wholesale price index data was released Producer price index has risen just 0.1% in past 12 months---slowing to a crawl---against the estimate of 0.2% https://www.marketwatch.com/story/u-s-wholesale-inflation-slows-to-a-crawl-ppi-shows-83855be2 Wholesale costs often foretell future inflation trends. The increase in wholesale prices over the past 12 months slowed to 0.1% from 1.1% in the prior month. That’s the lowest reading since September 2020.
When "transitory" was said, it was referring to pandemic related inflation. While one can argue that the effect of "deglobalization" is pandemic related due to global supply chain fragility, I'd say it was a factor accelerated by the pandemic. A major commodities exporter invading another major commodities exporter wasn't on most folks bingo cards, which is further accelerating moving supply chains and where you get your strategic commodities from. Also the two major superpowers are increasing hostilities and increasingly drawing lines in the sand. It's just more complicated than "transitory" or "monetary policy".
Yall can declare victory with every little blip, but it isn't consistent with future Fed rate hikes and what Neal is proposing. PPI numbers are disturbing for a different reason. I'm fine with low risk 5%+ 6-18mo. treasuries. Keeping that rate till 2025 sounds like Looney Tunes after the 10 years of corporate debt cycling with "free money" but up is down and down is up. Fed’s Neel Kashkari Ponders ‘High-Inflation Stress Test’ for Banks Minneapolis Fed leader says ‘bank stress could emerge again’ if the central bank needs to leave interest rates elevated to fight inflation
Dang those eggs and gas. Personal services remain high isn't surprising given the labor constraints. Rent is finally starting to bend downward. WTH is with insurance. https://www.wsj.com/articles/inflations-fall-from-a-four-decade-high-in-four-charts-b8612f5f Inflation’s Fall From a Four-Decade High in Four Charts Overall price increases eased sharply in the past 12 months, but not for all products Spoiler: graphs
I wonder when folks will accept the concept that health insurance plans and college loans are more affordable today than ever before in America history. I'm sure @Nook will spin another conspiracy in another thread how everyone is failing at their jobs
Memes simplifying complicated issues into sound bites… Wage growth outpaced inflation in June fyi. And the bottom and middle income workers are getting most of the wage growth. That wasn’t in your meme…. Things aren’t all sunshine and unicorns but things are improving.
Since Healthcare and education is so affordable, we can stop this loan cancelation nonsense and end Healthcare subsidies.
Health insurance is only affordable because of the expanded aca subsidies. Ideally I'd like to have a more cost efficient method but for now the new aca subsidies make health insurance virtually free for low income folks
What about for me? My premiums have gone up 10% YOY. Inflation is 3%. How do you consider this getting more affordable? What I am here is that life is better being poor.
Premiums are capped at 8.5% of income ....quit trolling. Why don't you complain about the billions in subsidies we give to oil and gas companies or the billions we give in wall street tax credits ? Grow up troll You love conspiracies don't ya
