• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Inflation Cools Ahead of Fed Meeting

MTAtech

MTAtech

DP Veteran
Joined
Dec 4, 2013
Messages
39,880
Reaction score
41,431
Gender
Male
Political Leaning
Liberal

Inflation Cools Ahead of Fed Meeting​

Prices rose 3.3 percent in the year through May, a deceleration in inflation that gives some relief to consumers. Federal Reserve officials will consider the data as they set interest rates.

inflation-945.png


===============
So core inflation ex shelter — which lags far behind market prices — was 0.0 month over month and 1.9 year over year. Inflation has basically been defeated.
 
The feds would be fools to ease interest rates.
Of course they already have acted like fools by not raising them as much as was needed.

I don’t know why they just don’t call me. I do pro bono work for imbeciles.
 
Last edited:
noonereal said:
The feds would be fools to ease interest rates.
Of course the already have acted like fools by not raising them as much as was needed.

I don’t know why they just don’t call me. I do pro bono work for imbeciles.
Click to expand...
There is a reason the Fed doesn't call you. Your advice is worthless.

Inflation dropped dramatically based upon the level the Fed increased interest rates. Since inflation dropped, the Fed will decide whether to take their foot off the brakes and lower interest rates.
 
MTAtech said:
There is a reason the Fed doesn't call you. Your advice is worthless.

Inflation dropped dramatically based upon the level the Fed increased interest rates. Since inflation dropped, the Fed will decide whether to take their foot off the brakes and lower interest rates.
Click to expand...
And had the rates gone up another half point inflation would be on it's knees not just "hold our breath and pray."

I knew the rate increases fell short, follow my posts for edification on the subject.
Peace
 
MTAtech said:

Inflation Cools Ahead of Fed Meeting​

Prices rose 3.3 percent in the year through May, a deceleration in inflation that gives some relief to consumers. Federal Reserve officials will consider the data as they set interest rates.

inflation-945.png


===============
So core inflation ex shelter — which lags far behind market prices — was 0.0 month over month and 1.9 year over year. Inflation has basically been defeated.
Click to expand...
If you listen real closely, you can hear the sound of MAGAs heads exploding.
tenor.gif
 
Flaming Capitalist said:
If you listen real closely, you can hear the sound of MAGAs heads exploding.
tenor.gif
Click to expand...

Aside from the fact that the MAGAs are laughing and celebrating in your post, nary an exploded head, it is certainly troubling news for the MAGAsphere. On the other hand, it is a NYT article and so definitely fake. In fact, if one peruses Truth Social as I often do, it is apparent that true inflation is off the rails, probably somewhere between 10 and 20%.

MAGA.
 
BitterPill said:
Aside from the fact that the MAGAs are laughing and celebrating in your post, nary an exploded head, it is certainly troubling news for the MAGAsphere. On the other hand, it is a NYT article and so definitely fake. In fact, if one peruses Truth Social as I often do, it is apparent that true inflation is off the rails, probably somewhere between 10 and 20%.

MAGA.
Click to expand...
We do know that MAGA minds are fact-free and would think that inflation is 10-20% -- a number pulled from thin air and cannot be substantiated. The inflation rate is what was reported in the New York Times, which reports the news (psst the New York Times doesn't make-up facts -- that's what Truth Social does.)
 
It's hilarious watching leftists cheer after 3 years of accumulated inflation and cost increases that shrink for a quarter and they shout "EUREKA!!!! SUCCESS!!!!"

"Good news to all those families that have been saddled with an increased 17000 a year in costs just to ****ing survive...THIS quarter it will only cost you a LITTLE more."

FM
 
BitterPill said:
Aside from the fact that the MAGAs are laughing and celebrating in your post, nary an exploded head, it is certainly troubling news for the MAGAsphere. On the other hand, it is a NYT article and so definitely fake. In fact, if one peruses Truth Social as I often do, it is apparent that true inflation is off the rails, probably somewhere between 10 and 20%.

MAGA.
Click to expand...
Why do you eat your young?
 
I don't' know where your numbers are coming from. If they're coming from the NYT its no wonder they're wrong.

Core inflation was .2% in May. Annual core inflation fell to %3.4. The Feds goal is 2%. Also, core inflation excludes food and energy. Two very important things for consumers. The Fed just leaves them out of core so to reduce volatility.

Overall, a good inflation report but certainly not "defeated".

www.investors.com

CPI Inflation Cools Ahead Of Key Fed Meeting

The annual core CPI inflation rate fell to the lowest level since April 2021.
www.investors.com www.investors.com








MTAtech said:

Inflation Cools Ahead of Fed Meeting​

Prices rose 3.3 percent in the year through May, a deceleration in inflation that gives some relief to consumers. Federal Reserve officials will consider the data as they set interest rates.

inflation-945.png


===============
So core inflation ex shelter — which lags far behind market prices — was 0.0 month over month and 1.9 year over year. Inflation has basically been defeated.
Click to expand...
 
VanceMack said:
It's hilarious watching leftists cheer after 3 years of accumulated inflation and cost increases that shrink for a quarter and they shout "EUREKA!!!! SUCCESS!!!!"

"Good news to all those families that have been saddled with an increased 17000 a year in costs just to ****ing survive...THIS quarter it will only cost you a LITTLE more."

FM
Click to expand...

Inflation is so bad that my once thriving business selling red hats, FJB flags and various other Trump paraphenalia has suffered dramatically, so I'd really appreciate it if you'd visit my site an order a few items, and, remember, a small portion of my profits are tithed to Trump, so not only will you be helping me, you will also be helping Trump while Making America Great Again.

PM me if interested.

MAGA.
 
Last edited:
BitterPill said:
Inflation is so bad that my once thriving business selling red hats, FJB flags and various other Trump paraphenalia has suffered dramatically, so I'd really appreciate it if you'd visit my site an order a few items, and, remember, a small portion of my profits are tithed to Trump, so not only will you be helping me, you will also be helping Trump and Making America Great Again.

PM me if interested.

MAGA.
Click to expand...

Clearly, its down in anticipation of a Trump victory. Inflation dare not tangle with MAGA.
 
noonereal said:
The feds would be fools to ease interest rates.
Of course they already have acted like fools by not raising them as much as was needed.

I don’t know why they just don’t call me. I do pro bono work for imbeciles.
Click to expand...
Absolutely. Inflationary pressure is still very much present - especially with fuel prices rising again.

I think the overall measure of inflation does a poor job measuring the impact of the current trends anyway. Gas and grocery prices have practically doubled, really hitting the consumer hard. Utilities have also had a dramatic increase.
 
MTAtech said:
We do know that MAGA minds are fact-free and would think that inflation is 10-20% -- a number pulled from thin air and cannot be substantiated. The inflation rate is what was reported in the New York Times, which reports the news (psst the New York Times doesn't make-up facts -- that's what Truth Social does.)
Click to expand...

Perhaps you should be glad I only made it 10 to 20%, because I can make it 30 if you persist.

MAGA.
 
VanceMack said:
It's hilarious watching leftists cheer after 3 years of accumulated inflation and cost increases that shrink for a quarter and they shout "EUREKA!!!! SUCCESS!!!!"

"Good news to all those families that have been saddled with an increased 17000 a year in costs just to ****ing survive...THIS quarter it will only cost you a LITTLE more."

FM
Click to expand...
If you're spending $17,000 a year more than you were before, and you can't afford to do so, that's a skill issue. It's not like you're just scraping by...that implies you're spending over $100,000 per year on your lifestyle. Live within your means.
 
dcsports said:
Absolutely. Inflationary pressure is still very much present - especially with fuel prices rising again.

I think the overall measure of inflation does a poor job measuring the impact of the current trends anyway. Gas and grocery prices have practically doubled, really hitting the consumer hard. Utilities have also had a dramatic increase.
Click to expand...
I'm always amused whenever people need smelling salts every time the cost of gas at the pump goes up by a couple cents.

After adjusting for inflation, the cost of gasoline has never gone up. Whatever you're paying now is what your dad was paying in 1986.
 
If you're spending $17,000 more a year than you were before, and you *can* afford to do so, its still an issue. Nobody likes to pay more. Doesn't matter if your salary/wages/income/net worth is up or not.


Gatsby said:
If you're spending $17,000 a year more than you were before, and you can't afford to do so, that's a skill issue. It's not like you're just scraping by...that implies you're spending over $100,000 per year on your lifestyle. Live within your means.
Click to expand...
 
It occurred to me to look into the facts of the always rising gas prices after I realized that those claims sound just like "Trump's approval is rising!" and "Democrats are leaving the fold and joining the GOP!" If either of those claims were true, Trump's approval would be at 600% and 100% of America would be Republicans by now. But of course both are untrue, and it's the same with gas: it's been going up at the same rate as inflation for basically your whole life.
 
Flaming Capitalist said:
Yeah, and I bet you also believe Trump won the 2020 election, Biden was behind Trump's NY conviction and the Moon Landing never happened.
flea.gif
tenor.gif
Click to expand...

Correct, except I am on the fence about whether the moon landing was faked since it appears Trump buys into the theory:

PRESIDENT TRUMP: Well, thank you very much. Tomorrow is a very big day because tomorrow will represent 50 years from the time we planted a beautiful American flag on the moon.​

Remarks by President Trump Commemorating the 50th Anniversary of the Apollo 11 Moon Landing – The White House

trumpwhitehouse.archives.gov trumpwhitehouse.archives.gov

and Trump, as everyone knows. is a Genius.

MAGA.
 
dcsports said:
Absolutely. Inflationary pressure is still very much present - especially with fuel prices rising again.

I think the overall measure of inflation does a poor job measuring the impact of the current trends anyway. Gas and grocery prices have practically doubled, really hitting the consumer hard. Utilities have also had a dramatic increase.
Click to expand...
Fuel prices have been coming down lately. About a 20 cent drop per gallon in the last few weeks here.
 
beefheart said:
Fuel prices have been coming down lately. About a 20 cent drop per gallon in the last few weeks here.
Click to expand...
THat's because oil companies are prepping for Trump to win election ;)
 
noonereal said:
The feds would be fools to ease interest rates.
Of course they already have acted like fools by not raising them as much as was needed.

I don’t know why they just don’t call me. I do pro bono work for imbeciles.
Click to expand...
Their interests are explicitly counter to yours. The chairman of the Fed even explicitly said their goal was to get wages down.
 
You must log in or register to reply here.
Back
Top Bottom