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.
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.Wow. A whopping 2.9%!!!
During a slowing economy bubba.Wow. A whopping 2.9%!!!
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.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.
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.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 about a little comparison, eh?
Wow. A whopping 2.9%!!!
Lol, still trotting out the reaction to COVID eh?How about a little comparison, eh?
Four years ago...
Energy prices did not increase because of COVID.Lol, still trotting out the reaction to COVID eh?
Weak.
Hahahaha...you should not speak of that which you have no clue.Energy prices did not increase because of COVID.
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.
Hahahaha...you should not speak of that which you have no clue.
Energy price developments in and out of the COVID-19 pandemic – from commodity prices to consumer prices
The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.www.ecb.europa.eu
Energy prices: how COVID helped them to surge – and why they won’t go down any time soon
When entire sectors shut down, the demand for energy plummets.theconversation.com
I’m sure that’s what you would’ve said if the president was a Democrat.Wow. A whopping 2.9%!!!
‘They Told the American People They Would do This, And They Kept Their Promise.’
Sen Cruz Slams Biden Admin for Skyrocketing Gas Prices: ‘They Told the American People They Would do This, And They Kept Their Promise.’ | U.S. Senator Ted Cruz of Texas
WASHINGTON, D.C. – U.S. Sen. Ted Cruz (R-Texas), member of the Senate Committee on Commerce,...www.cruz.senate.gov
It was direct cause and effect.
See those high points on your fancy graph? Biden and the democrats. And yet you complain about 2.9%Trump: prices are down!
Reality: Not a chance!
I think the Golden Age is on pause...
Trump's war isn't with "energy". It's with the notion that taxpayers need to prop up the alternative energy industry.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.
Ted Cruz is your source?
‘They Told the American People They Would do This, And They Kept Their Promise.’
Sen Cruz Slams Biden Admin for Skyrocketing Gas Prices: ‘They Told the American People They Would do This, And They Kept Their Promise.’ | U.S. Senator Ted Cruz of Texas
WASHINGTON, D.C. – U.S. Sen. Ted Cruz (R-Texas), member of the Senate Committee on Commerce,...www.cruz.senate.gov
It was direct cause and effect.
You can laugh, but the numbers don't lie.Ted Cruz is your source?
The stock market only predicts six months out, can you and I do better?Wow, a few months! What a relief.
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