CPI report inflation higher than expected

[Mac1958]

A 4.9% GDP growth rate isn't going to bring inflation down.

That ain't rocket science. Well, maybe for some.

 

[AntonToo]

A 4.9% GDP growth rate isn't going to bring inflation down.

That ain't rocket science. Well, maybe for some.

Inflation fell 2 points during 2023, that’s with GDP growth Trump would give his right nut for.

Pretty damn good.

 

[Mac1958]

Inflation is down 2 points for 2023, that’s with GDP growth Trump would give his right nut for.

It was only at 2.3% when COVID hit, and that was with massive help from the Fed.

 

[AntonToo]

I feel like this is a public service.

This is an explanation in inflation rates for cult fucks:

Let’s start at $100. Lets say the Levadopa given to Biden to fight dementia costs $100 per pill.

Lets say we have 3% inflation. Then after 1 year, it costs $103/pill.

Next year inflation is 10%, now Levadopa given to Joe Biden is $113.30 per pill.

Next year inflation is back down to 3%. Now the Levadopa given to Joe Biden to fight dementia costs $116.70.

WHEN WILL THE PILL GET BACK DOWN TO $100? It will not unless we have contraction.

DO YOU CULT FUCKS GET IT?

No one needs inflation to stop or god-forbid reverse into deflation, which is much more problematic.

~2% inflation is considered a heathy rate by most economists and is a target rate for the Fed.

Hilarious to watch economically ignorant political nutbags like you thinking you are “servicing” someone with your posts.