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Consumer prices rose at annual rate of 2.9% in August, as weekly jobless claims jump

Airyaman

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Trump: prices are down!
Reality: Not a chance!


The consumer price index posted a seasonally adjusted 0.4% increase for the
month, the biggest gain since January, putting the annual inflation rate at
2.9%, up 0.2 percentage point from the prior month and the highest reading
since January. Economists surveyed by Dow Jones had been looking for
respective readings of 0.3% and 2.9%.

For the vital core reading that excludes food and energy, the August gain was
0.3%, putting the 12-month figure at 3.1%, both as forecast. Fed officials
consider core to be a better gauge of long-run trends. The central bank’s
inflation target is 2%.

On employment, the Labor Department reported a surprise increase in weekly
unemployment compensation filings to a seasonally adjusted 263,000 for the
week ending Sept. 6, higher than the 235,000 estimate and up 27,000 from
the prior period. The claims level marked the highest in nearly four years.



I think the Golden Age is on pause...
 
Wow. A whopping 2.9%!!!
It's unfortunate that you don't see rising inflation coupled with a softening job market as an issue. Maybe you will change your mind in the coming months or maybe you will continue to pretend this is not an issue.
 
It's unfortunate that you don't see rising inflation coupled with a softening job market as an issue. Maybe you will change your mind in the coming months or maybe you will continue to pretend this is not an issue.
How long can you keep up 'the sky is falling' act? The economy will chug along just fine for at least the next few months. That's what the stock market tells me.
 
How long can you keep up 'the sky is falling' act? The economy will chug along just fine for at least the next few months. That's what the stock market tells me.
I didn't say the sky is falling nor do I think it is. I'm betting you though the same in 2000 and 2008.
 
Energy prices did not increase because of COVID.
Hahahaha...you should not speak of that which you have no clue.



 
Hahahaha...you should not speak of that which you have no clue.





‘They Told the American People They Would do This, And They Kept Their Promise.’


It was direct cause and effect.
 


‘They Told the American People They Would do This, And They Kept Their Promise.’


It was direct cause and effect.


Sort of like how Trump’s current war on American energy projects is driving electricity prices through the roof.
 
Sort of like how Trump’s current war on American energy projects is driving electricity prices through the roof.
Trump's war isn't with "energy". It's with the notion that taxpayers need to prop up the alternative energy industry.

Take away the taxpayer's money and the truth is revealed: Alternative energy is not economically feasible.
 
MAGAs continue to support Trump as Trump ****s them.

And he's not just ****ing the old parents. He's ****ing all the MAGA kids and grandkids and great grandkids.
 


‘They Told the American People They Would do This, And They Kept Their Promise.’


It was direct cause and effect.

Ted Cruz is your source?

ready-laughing-hysterically.gif
 
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