- Joined
- Dec 4, 2018
- Messages
- 46,824
- Reaction score
- 60,244
- Location
- AL
- Gender
- Male
- Political Leaning
- Other
Trump: prices are down!
Reality: Not a chance!
I think the Golden Age is on pause...
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...