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Core inflation in February hits 2.8%, higher than expected; spending increases 0.4%

beefheart

beefheart

Why a duck?
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Gee, who could have predicted this?


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www.cnbc.com
The Federal Reserve’s key inflation measure rose more than expected in February while consumer spending also posted a smaller than projected increase, the Commerce Department reported Friday.

The core personal consumption expenditures price index showed a 0.4% increase for the month, the biggest monthly gain since January 2024, putting the 12-month inflation rate at 2.8%. Economists surveyed by Dow Jones had been looking for respective numbers of 0.3% and and 2.7%.


Core inflation excludes volatile food and energy prices and is generally considered a better indicator of long-term inflation trends.

In the all-items measure, the price index rose 0.3% on the month and 2.5% from a year ago, both in line with forecasts.

At the same time, the Bureau of Economic Analysis report showed that consumer spending accelerated 0.4% for the month, below the 0.5% forecast. That came as personal income posted a 0.8% rise, against the estimate for 0.4%.

Stock market futures briefly moved lower following the release as did Treasury yields.
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.......February before the first Canada / Mexico tariffs. April will be the first tell tale month.
 
Callen said:
.......February before the first Canada / Mexico tariffs. April will be the first tell tale month.
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Crickets from the maga crowd...
 
stock market tanking.

MAGA.
 
beefheart said:
They tend to be cowards.
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Either:

1] They no longer can refute the damage occurring

or,

2] They believe they no longer can deal with what they believe is a total environment of "fake news" in the economic threads

I don't claim to know which it is.
 
Chomsky said:
Either:

1] They no longer can refute the damage occurring

or,

2] They believe they no longer can deal with what they believe is a total environment of "fake news" in the economic threads

I don't claim to know which it is.
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Cults have a real hard time dealing with truths, because it starts to destroy the foundations that their minds have set up for them to live in.

Fear of knowledge, just add it to the many fears of the maga cult.
 
beefheart said:
Gee, who could have predicted this?
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beefheart said:
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Very different tone from Trump who initiated the call after Carney said......

"Canadian Prime Minister Mark Carney said that Canada's old relationship with the United States, "based on deepening integration of our economies and tight security and military cooperation, is over".

Speaking to reporters in Ottawa after a cabinet meeting, Carney said Canadians must "fundamentally reimagine our economy" in the face of US President Donald Trump's tariffs.

He said Canada would respond with retaliatory tariffs that will have "maximum impact" on the US."

I'd say PM Carney made himself chrystal clear that bullying was not going to work. Bet the stock market ticks up....

Elbows Up !!!!
 
Callen said:
Very different tone from Trump who initiated the call after Carney said

"Canadian Prime Minister Mark Carney said that Canada's old relationship with the United States, "based on deepening integration of our economies and tight security and military cooperation, is over".

Speaking to reporters in Ottawa after a cabinet meeting, Carney said Canadians must "fundamentally reimagine our economy" in the face of US President Donald Trump's tariffs.

He said Canada would respond with retaliatory tariffs that will have "maximum impact" on the US."
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Carney obviously schooled his ass.

I wish I could get a Canadian citizenship as easily as I got an Irish one....
 
beefheart said:
Cults have a real hard time dealing with truths, because it starts to destroy the foundations that their minds have set up for them to live in.

Fear of knowledge, just add it to the many fears of the maga cult.
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They have swayed though, in the past several weeks.

They went from straight-up . . .

"Trump will make the economy better"

. . . to . . .

"No pain, no gain".

So I believe they are cognizant things are getting worse under Trump. But, still rationalizing - to the point of even blaming Biden.
 
Chomsky said:
They have swayed though, in the past several weeks.

They went from straight-up . . .

"Trump will make the economy better"

. . . to . . .

"No pain, no gain".

So I believe they are cognizant things are getting worse under Trump. But, still rationalizing - to the point of even blaming Biden.
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The stupids are in power.

Stupid people don't last long.
 
Callen said:
Very different tone from Trump who initiated the call after Carney said......

"Canadian Prime Minister Mark Carney said that Canada's old relationship with the United States, "based on deepening integration of our economies and tight security and military cooperation, is over".

Speaking to reporters in Ottawa after a cabinet meeting, Carney said Canadians must "fundamentally reimagine our economy" in the face of US President Donald Trump's tariffs.

He said Canada would respond with retaliatory tariffs that will have "maximum impact" on the US."

I'd say PM Carney made himself chrystal clear that bullying was not going to work. Bet the stock market ticks up....

Elbows Up !!!!
Click to expand...

Ah, so the Tweet's implication is Trump is bowing down to Carney in an effort to not get slapped with reciprocating Canadian tariffs?
 
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