Quoted post unavailable.
What evidence do you have their data is false?
U.S. annual inflation rate drops to 8.5%
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Re: U.S. annual inflation rate drops to 8.5%
#12Re: U.S. annual inflation rate drops to 8.5%
#13Good. Now we can look forward to interest rate cuts to deal with the recession...
Re: U.S. annual inflation rate drops to 8.5%
#14Whats the goal? At what inflation rate will the Fed be happy with?
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Re: U.S. annual inflation rate drops to 8.5%
#15Whats the goal? At what inflation rate will the Fed be happy with?
The Fed's inflation target is 2%.
Re: U.S. annual inflation rate drops to 8.5%
#16Whats the goal? At what inflation rate will the Fed be happy with?
2% has been a long time goal.
Re: U.S. annual inflation rate drops to 8.5%
#17Quoted post unavailable.
What is your evidence of higher inflation?
https://www.forbes.com/sites/vineerbhansali/2021/02/23/why-p...
What the Fed calls inflation is not what you think it is.
Re: U.S. annual inflation rate drops to 8.5%
#18Quoted post unavailable.
The Fed doesn't report inflation, the Bureau of Labor Statistics does.
Maybe they're all part of the same Illuminati-style über conspiracy. But, in theory, they are independent of each other for a reason.
Re: U.S. annual inflation rate drops to 8.5%
#19Good. Now we can look forward to interest rate cuts to deal with the recession...
I hope not, I'm tired of this bubbly fake economy of the past decade. Massive misallocation of capital into pointless unprofitable tech companies
Re: U.S. annual inflation rate drops to 8.5%
#20Energy prices down 4.6% Gasoline prices down 7.7% Food prices up 1.1% Shelter prices up 0.5% So the minor overall reduction was by far gasoline.
Yup. Since the Fed is primarily concerned with Core CPI and the employment numbers are still strong, tightening is going to continue.