on 12 Jun 2023 July's CPI data will be released tomorrow ~~~ 9am est; it is forecasted to show a monthly increase of 0.2% for July and a 12-month rate of just 3.3%, https://www.cnbc.com/2023/08/09/cpi-inflation-report-for-july-high-prices-are-still-a-problem.html
'https://www.cnbc.com/2023/08/10/cpi-inflation-july-2023-.html The consumer price index rose 3.2% from a year ago in July, slightly below expectations. The core CPI ran at a 12-month rate of 4.7%, also below the estimate. Both measures were up 0.2% on the month. While inflation has come well off its 40-year highs of mid-2022, it is still considerably above the 2% level where the Federal Reserve would like it.
US Core CPI Posts Smallest Back-to-Back Increases in Two Years Underlying inflation measure rose 0.2% in July 2023, led by shelter Prices of used vehicles and airfares decreased, groceries rose new data bolster hopes that the Federal Reserve can tame inflation without sparking a recession.
Should we wait until inflation cools before extending tucker or let his agent extrapolate based on bidenomics?
The prices went up, they aren't going back down The prices are no longer going up at a rate of 9% per year, and around 3-4% now, the norm/target is around 2%. Okay Focus needs to be on the wages tagging along with the high inflation that happened, fetishizing pre-pandemic prices is about as useful as grandpa talking about how cokes we're a nickel, unfortunately.
If this was contained, we'd be seeing signals from the Fed of a rate cut rather than rate hikes within end of year. Also inflation increased last month rather than an expected drop, so while pre-pandemic prices are welcome, lets have a pleateu of sorts in consumer/services prices first. Powell's comments in Jackson Hole last year signalled he'll raise rates until this is contained, if you look into those comments, he meant when wages or employment drops. The idea of Bidenomics casting Trillion Dollar safety nets while Powell does his high wire act is comical and fitting for people believing in the circus act. This time will be different
Biden has finally tamed the Trump inflation monster he let out when he mishandled the pandemic. We really don't need to go back to Trump and wreak government and the economy again.
No one said it was contained but you…. Even anti institution/ anti Fed will have a hard time convincing folks inflation isn’t better than last year. And again… you are the person who doesn’t differentiate between a dollar spent in Afghanistan vs a dollar spent on infrastructure. US economy is stubbornly strong but the global economy is looking weaker and weaker. OPEC supply cuts are being fully priced in but now the deflationary nature of China needs to be fully realized. Locally for me… rent prices are actually dropping in Austin, TX. The US has been adding record apartment units and it’s finally making a dent: https://www.kvue.com/article/money/...ices/269-3d625fb7-d8b9-4b7c-8db6-db6c34da624a
which he has followed thru w rate hikes, until Jun 2023, when he paused. no, he meant leading indicators such as CPI & PPi what is comical is you clinging on to his comments from 12 months ago, as if it is cast in concrete, while ignoring his more recent comments about the June 2023 pause why did you not address Powell's comments for the June 2023 pause. as well as his comments attendent to his most recent rate hike announced on Jul 26 2023
Austin is certainly not representative of the national real estate market. You can try and gaslight all you want, but everyone can see their grocery/restaurant bills rising quickly.
