To me the data is more or less meaningless. I keep a notebook of my own inflation record for food and fuel.
U.S. inflation cools again, giving Fed room to downshift on rates
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Re: U.S. inflation cools again, giving Fed room to downshift on rates
#32Annualized over the last 6 months inflation is now under the 2% target. I would be surprised if we see anything more than a quarter-point at the next meeting.
As would almost all traders.
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch...
For context:
https://www.macrotrends.net/2015/fed-funds-rate-historical-c...
Re: U.S. inflation cools again, giving Fed room to downshift on rates
#33[deleted]
Re: U.S. inflation cools again, giving Fed room to downshift on rates
#34Earlier quoted context omitted.
* Food at home +0.2%, smallest since March 2021 * Fuel oil -16.6%, biggest decline since February 1990 Seems important to point out to anyone reading your comment
Get real. Have you bought eggs or butter lately? Random shoppers are literally exclaiming about the price of butter in the store.
For folks unaware, the reason eggs have become more expensive in the US is due to an avian flu that is killing a significant number of egg laying hens.
Re: U.S. inflation cools again, giving Fed room to downshift on rates
#35Earlier quoted context omitted.
Get real. Have you bought eggs or butter lately? Random shoppers are literally exclaiming about the price of butter in the store.
If the only thing you eat is eggs, then you're a weird edge-case not accounted for in the standard inflation figures, of course.
Everything on the outside of the store has increased in price in the last year. Produce is way up.
Re: U.S. inflation cools again, giving Fed room to downshift on rates
#36To me the data is more or less meaningless. I keep a notebook of my own inflation record for food and fuel.
Can you add something to the discussion by either sharing what your records show for you personally or addressing why a large/broad dataset is "meaningless" in the face of your smaller dataset?
Re: U.S. inflation cools again, giving Fed room to downshift on rates
#37Earlier quoted context omitted.
Get real. Have you bought eggs or butter lately? Random shoppers are literally exclaiming about the price of butter in the store.
For folks unaware, the reason eggs have become more expensive in the US is due to an avian flu that is killing a significant number of egg laying hens.
Do you happen to know why in November it was difficult to find lettuce?
Re: U.S. inflation cools again, giving Fed room to downshift on rates
#38Earlier quoted context omitted.
Get real. Have you bought eggs or butter lately? Random shoppers are literally exclaiming about the price of butter in the store.
How much of the average shopper's budget is eggs? If it's not that big a percentage then you're just not going to see it in the overall inflation rate, and you wouldn't expect to .
Eggs are significant ingredient in many homemade things (eggs, bread, pancakes, pastas, brownies) and one of the cheapest,cleanest protein sources in the American diet.
The Aivian flu + inflation caused a carton of 18 eggs to increase in price more than 50% recently ( $7.50).
My household has fought this increase by increasing mushrooms and spinach in our eggs, and recently hybridizing with liquid egg whites.
Re: U.S. inflation cools again, giving Fed room to downshift on rates
#39>The data, when paired with prior months’ lower-than-expected readings, point to more consistent signs that inflation is easing and may pave the way for the Fed to downshift to a quarter-point hike at their next meeting ending Feb. 1. I hope not. There's an absurd amount of dumb money floating around, and YoY inflation is still at 6.5%. Higher interest rates are going to force companies and investors to actually post…
YoY is at 6.5%, but the last six months annualized is 1.8%. The YoY numbers are rapidly becoming misleading.
Re: U.S. inflation cools again, giving Fed room to downshift on rates
#40Earlier quoted context omitted.
For folks unaware, the reason eggs have become more expensive in the US is due to an avian flu that is killing a significant number of egg laying hens.
Do you happen to know why in November it was difficult to find lettuce?