Has Inflation Peaked?

[g5000]

Commodity prices are plunging.

Oil is back below $100.

Corn, wheat, and most other food inputs have been dropping for weeks.

Bonds are bouncing back.

Crude Oil - Price - Chart - Historical Data - News

Crude Oil increased 7.08 USD/BBL or 9.88% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on May of 2024.

tradingeconomics.com

Corn - Price - Chart - Historical Data - News

Corn decreased 10.39 USd/BU or 2.21% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Corn - values, historical data, forecasts and news - updated on May of 2024.

tradingeconomics.com

US 10 year Treasury Bond, chart, prices - FT.com

US 10 year Treasury, interest rates, bond rates, bond rate

markets.ft.com

US 10 year Treasury Bond, chart, prices - FT.com

US 10 year Treasury, interest rates, bond rates, bond rate

markets.ft.com

 

[kyzr]

Inflation won't start coming down until the Fed raises interest rates a few more percent.

Maybe in 2023 inflation will start coming down, maybe. The Fed will raise rates this month and then hope for the September meeting inflation peaks. It probably won't peak until late this year after the Fed raises interest rates to about 5%. The scary part is if high inflation becomes "entrenched"....

Federal Reserve Prepares More Big Rate Hikes Amid Risk That High Inflation Could âBecome Entrenchedâ

Fed officials could raise rates by 50 or 75 basis points later this month.

www.forbes.com

Federal Reserve Prepares More Big Rate Hikes Amid Risk That High Inflation Could ‘Become Entrenched’​

 

[johngaltshrugged]

Nope. At best you will see a temporary slowing down but the problem is too many dollars were printed during the dempanic while too few goods are being produced still.
Fertilizer & fuel is in short supply. Droughts & crop shortages are ongoing.
Water is running out in the Southwest. Trains are restricting shipments of critical inputs.

In a year, you will wish we were in the good old days of now & an election can't stop it

 

[Esdraelon]

IMO, the only chance of inflation being reduced significantly is if energy prices are substantially reduced. There is no sign of that anywhere on the horizon. November is going to be a slaughter based on inflation and the easily established FACT that this administration took intentional steps to force the population into "going green", KNOWING the destruction and chaos that it would require as a side-effect. Don't bother with your rhetoric about how grand erryting is.

Unless gas falls below oh, 3 dollars, before the election... the House is gone, the Senate is in play, and the Oval Office will become a non-entity so far as policy is concerned. He can break out his pen and phone but his political capital, even within his party, is non-existent.

When your media sources begin ramping up their hysteria about Republican control being equivalent to tyranny that MUST BE FOUGHT... a wise Democrat might want to stop and look at the decisions their party took as soon as he entered office.

 

[miketx]

Commodity prices are plunging.

Oil is back below $100.

Corn, wheat, and most other food inputs have been dropping for weeks.

Bonds are bouncing back.

Crude Oil - Price - Chart - Historical Data - News

Crude Oil increased 7.08 USD/BBL or 9.88% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on May of 2024.

tradingeconomics.com

Corn - Price - Chart - Historical Data - News

Corn decreased 10.39 USd/BU or 2.21% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Corn - values, historical data, forecasts and news - updated on May of 2024.

tradingeconomics.com

US 10 year Treasury Bond, chart, prices - FT.com

US 10 year Treasury, interest rates, bond rates, bond rate

markets.ft.com

US 10 year Treasury Bond, chart, prices - FT.com

US 10 year Treasury, interest rates, bond rates, bond rate

markets.ft.com

Fake news, you democraps are out to destroy the country.

 

[Dekster]

IDK. Food and housing costs are two major components to inflation. Grocery stores are very slow to lower prices and housing, well in a lot of places that is still chugging along. I have heard very few stories of landlords who have ever lowered rents.

 

[miketx]

IMO, the only chance of inflation being reduced significantly is if energy prices are substantially reduced. There is no sign of that anywhere on the horizon. November is going to be a slaughter based on inflation and the easily established FACT that this administration took intentional steps to force the population into "going green", KNOWING the destruction and chaos that it would require as a side-effect. Don't bother with your rhetoric about how grand erryting is.

Unless gas falls below oh, 3 dollars, before the election... the House is gone, the Senate is in play, and the Oval Office will become a non-entity so far as policy is concerned. He can break out his pen and phone but his political capital, even within his party, is non-existent.

When your media sources begin ramping up their hysteria about Republican control being equivalent to tyranny that MUST BE FOUGHT... a wise Democrat might want to stop and look at the decisions their party took as soon as he entered office.

Perhaps Kami will suck him to death!

 

[g5000]

IMO, the only chance of inflation being reduced significantly is if energy prices are substantially reduced. There is no sign of that anywhere on the horizon.

Oil is already below $100.

If Biden can get Iran to rejoin the JCPOA, we will be awash in oil. Biden is also working on getting Saudi Arabia to open the tap.

Russia will do all it can to sabotage both efforts.

 

[g5000]

Fake news, you democraps are out to destroy the country.

I provided links to the FACTS, you sad little angry old man.

 

[1srelluc]

All I see is the beginning of the slowdown that will lead us into recession.....For the time being the service sector will stave off a deep recession what with it being dependent on a system that is currently flush with cash. That said it's certainly not the high tide that will raise all boats. It too will falter and collapse.

As far as energy prices goes just think of it as the cancer victim that suddenly feels better just before their crash and death....We need a major energy policy and regulation shift to what works, oil and NG, not pie in the sky green BS from the dems and the wind/solar tycoons (like in TX) that have bought the gop politicians there.

 

[Baron Von Murderpaws]

Prices drop after July 4th, as companies are trying to get rid of summer concessions, stock, and merchandise.
Once September hits, prices go back up for the holidays, so they can price gouge consumers even more.

 

[protectionist]

Prices are 100% higher, not 9.1%.
What the 40 Year Record Inflation Numbers Don’t Reflect, is the REAL 40 Year Record Inflation Numbers.
The reported 9.1% inflation rate is a concoction by the Biden administration. It is the CPI which comes from the Bureau of Labor Statistics, which is part of Biden's Dept of Commerce.
Prices have more than doubled on just about everything. Gas, rent, food, you name it. That's more than 100% inflation.

 

[miketx]

I provided links to the FACTS, you sad little angry old man.

Links don't prove a thing liar! Have you read the minds of those 1930's nazis today?

 

[miketx]

Oil is already below $100.

If Biden can get Iran to rejoin the JCPOA, we will be awash in oil. Biden is also working on getting Saudi Arabia to open the tap.

Russia will do all it can to sabotage both efforts.

Lol an expert who knows nothing.

 

[Lesh]

IDK. Food and housing costs are two major components to inflation. Grocery stores are very slow to lower prices and housing, well in a lot of places that is still chugging along. I have heard very few stories of landlords who have ever lowered rents.

Landlords almost never lower rents for existing tenants. When a tenant moves out and they can't find a new one they may be forced to list it at a lower price.

That's just how it works

 

[yidnar]

Oil is already below $100.

If Biden can get Iran to rejoin the JCPOA, we will be awash in oil. Biden is also working on getting Saudi Arabia to open the tap.

Russia will do all it can to sabotage both efforts.

America is already awash in oil !

 

[LordBrownTrout]

Folks, "it's just transitory", nothing to see here. The sun is orange. Fish swim in water. The sky is blue. The sky is blue.

 

[Aldo Raine]

Inflation won't start coming down until the Fed raises interest rates a few more percent.

Maybe in 2023 inflation will start coming down, maybe. The Fed will raise rates this month and then hope for the September meeting inflation peaks. It probably won't peak until late this year after the Fed raises interest rates to about 5%. The scary part is if high inflation becomes "entrenched"....

Federal Reserve Prepares More Big Rate Hikes Amid Risk That High Inflation Could âBecome Entrenchedâ

Fed officials could raise rates by 50 or 75 basis points later this month.

www.forbes.com

Federal Reserve Prepares More Big Rate Hikes Amid Risk That High Inflation Could ‘Become Entrenched’​

I read somewhere that another, more serious concern might be "stagflation". I am not an economist but reading about sounds like it is a serious possibility.
MAGA

 

[Lastamender]

Commodity prices are plunging.

Oil is back below $100.

Corn, wheat, and most other food inputs have been dropping for weeks.

Bonds are bouncing back.

Crude Oil - Price - Chart - Historical Data - News

Crude Oil increased 7.08 USD/BBL or 9.88% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on May of 2024.

tradingeconomics.com

Corn - Price - Chart - Historical Data - News

Corn decreased 10.39 USd/BU or 2.21% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Corn - values, historical data, forecasts and news - updated on May of 2024.

tradingeconomics.com

US 10 year Treasury Bond, chart, prices - FT.com

US 10 year Treasury, interest rates, bond rates, bond rate

markets.ft.com

US 10 year Treasury Bond, chart, prices - FT.com

US 10 year Treasury, interest rates, bond rates, bond rate

markets.ft.com

It is chicken prices and gas that need to plunge. No one who lives paycheck to paycheck buys commodities. A bunch of nothing and smoke and mirrors. Manipulated numbers that mean very little to the average American.

 

[Sunni Man]

Bozo Biden ignores the vast oil fields in Oklahoma/Texas while going to other countries to beg for oil. Plus on top of that, he gives China a million barrels of our strategic oil reserves.
Why does the drooling nitwit and the Democrats hate the American people so much?? ...