Consumer Price Index rose 3.2% in October

[Hollie]

You offered feelings.

I posted the facts.

You posted a rote list of numbers.

As you know, I posted a link that had nothing to do with feelings.

Try paying attention to what is actually posted, not your feelings.

Car dealers say high interest rates top issue holding back business: ‘How much can the consumer take?’

“Customers aren’t shocked by the increased cost of the vehicle, they’re shocked that they’ve got to pay 7% or 8% to finance it.”

fortune.com

 

[otto105]

I never wrote I was


There is a “quote” function as a part of the board’s software. It keeps folks honest about what the attribute to others.


What I wrote had to deal with high interest rates being a drag on consumer spending and its affect on the economy.

Higher interest rates are slowing down consumer spending, said BofA CEO (NYSE:BAC)

Consumer spending has slowed down due to higher interest rates, said Brian Moynihan, Bank of America chairman and CEO.

seekingalpha.com

Consumer spending has slowed down due to higher interest rates, said Brian Moynihan, Bank of America chairman and CEO.

Consumer spending last four months.

 

[Hollie]

Consumer spending last four months.

View attachment 861032

Copy and paste from an unknown source that means what?

September 0.7% That means what?

 

[otto105]

You posted a rote list of numbers.

As you know, I posted a link that had nothing to do with feelings.

Try paying attention to what is actually posted, not your feelings.

Car dealers say high interest rates top issue holding back business: ‘How much can the consumer take?’

“Customers aren’t shocked by the increased cost of the vehicle, they’re shocked that they’ve got to pay 7% or 8% to finance it.”

fortune.com

Again, with the feelings.

 

[otto105]

Copy and paste from an unknown source that means what?

September 0.7% That means what?

Sure sure, knock yerself out.

https://www.bea.gov/data/consumer-spending/main

 

[Hollie]

Again, with the feelings.

Again, you cant support your claims. Don’t let that hurt your feelings.

 

[otto105]

You posted a rote list of numbers.

As you know, I posted a link that had nothing to do with feelings.

Try paying attention to what is actually posted, not your feelings.

Car dealers say high interest rates top issue holding back business: ‘How much can the consumer take?’

“Customers aren’t shocked by the increased cost of the vehicle, they’re shocked that they’ve got to pay 7% or 8% to finance it.”

fortune.com

Does your article about feelings state whether vehicle sales are increasing or decreasing.

Ya know that facts.

 

[Hollie]

Sure sure, knock yerself out.

https://www.bea.gov/data/consumer-spending/main

And you still don’t understand what you copied and pasted.

September 0.7%. What does that mean?

 

[otto105]

And you still don’t understand what you copied and pasted.

September 0.7%. What does that mean?

Consumer spending, or personal consumption expenditures (PCE), is the value of the goods and services purchased by, or on the behalf of, U.S. residents. At the national level, BEA publishes annual, quarterly, and monthly estimates of consumer spending.

 

[Hollie]

Does your article about feelings state whether vehicle sales are increasing or decreasing.

Ya know that facts.

The article is clear about the affects of high interest rates. It’s right in the first paragraph.

Car dealers say high interest rates top issue holding back business: ‘How much can the consumer take?’

“Customers aren’t shocked by the increased cost of the vehicle, they’re shocked that they’ve got to pay 7% or 8% to finance it.”

fortune.com

 

[otto105]

Personal Income and Outlays, September 2023​

Personal income increased $77.8 billion (0.3 percent at a monthly rate) in September, according to estimates released today by the Bureau of Economic Analysis (table 2 and table 3). Disposable personal income (DPI), personal income less personal current taxes, increased $56.1 billion (0.3 percent) and personal consumption expenditures (PCE) increased $138.7 billion (0.7 percent).
The PCE price index increased 0.4 percent. Excluding food and energy, the PCE price index increased 0.3 percent (table 5). Real DPI decreased 0.1 percent in September and real PCE increased 0.4 percent; goods increased 0.5 percent and services increased 0.3 percent (table 3 and table 4).

 

[Hollie]

Consumer spending, or personal consumption expenditures (PCE), is the value of the goods and services purchased by, or on the behalf of, U.S. residents. At the national level, BEA publishes annual, quarterly, and monthly estimates of consumer spending.

Remarkable. You have no idea what the numbers mean.

 

[otto105]

The article is clear about the affects of high interest rates. It’s right in the first paragraph.

Car dealers say high interest rates top issue holding back business: ‘How much can the consumer take?’

“Customers aren’t shocked by the increased cost of the vehicle, they’re shocked that they’ve got to pay 7% or 8% to finance it.”

fortune.com

From your article.

The annual selling rate is expected to rise to 14.4 million in March, from 13.5 million a year ago, according to the average forecast of eight market researchers. Prior to the pandemic, annual US auto sales topped 17 million for five consecutive years.

“Consumer confidence or at least consumer behavior, will still continue to be resilient,” Chris Reynolds, Toyota’s chief administrative officer in North America, told reporters. “People still have money in their pockets, and they still want to buy cars.”

 

[otto105]

Remarkable. You have no idea what the numbers mean.

Still doing your homework.

Can you read.

 

[Hollie]

Personal Income and Outlays, September 2023​

Personal income increased $77.8 billion (0.3 percent at a monthly rate) in September, according to estimates released today by the Bureau of Economic Analysis (table 2 and table 3). Disposable personal income (DPI), personal income less personal current taxes, increased $56.1 billion (0.3 percent) and personal consumption expenditures (PCE) increased $138.7 billion (0.7 percent).
The PCE price index increased 0.4 percent. Excluding food and energy, the PCE price index increased 0.3 percent (table 5). Real DPI decreased 0.1 percent in September and real PCE increased 0.4 percent; goods increased 0.5 percent and services increased 0.3 percent (table 3 and table 4).

Another unattributed copy and paste.

What is the “Bureau of Economic Analysis”?

Is that run by Nina Jankowicz?

 

[otto105]

Another unattributed copy and paste.

What is the “Bureau of Economic Analysis”?

Is that run by Nina Jankowicz?

Are you serious.

You don't know what the BEA is.

 

[Hollie]

From your article.

The annual selling rate is expected to rise to 14.4 million in March, from 13.5 million a year ago, according to the average forecast of eight market researchers. Prior to the pandemic, annual US auto sales topped 17 million for five consecutive years.

“Consumer confidence or at least consumer behavior, will still continue to be resilient,” Chris Reynolds, Toyota’s chief administrative officer in North America, told reporters. “People still have money in their pockets, and they still want to buy cars.”

Yes. Both values of 14.4 million and 13.5 million are less than 17 million.

And yes, from the link,

“Customers aren’t shocked by the increased cost of the vehicle, they’re shocked that they’ve got to pay 7% or 8% to finance it. You’re talking tons of money.”

Now do you see the impact of high interest rates? 7% or 8% interest equates to a sum of money a borrower will pay to finance a car.

 

[Hollie]

Are you serious.

You don't know what the BEA is.

Is it run by Nina Jankowicz?

 

[otto105]

Yes. Both values of 14.4 million and 13.5 million are less than 17 million.

And yes, from the link,

“Customers aren’t shocked by the increased cost of the vehicle, they’re shocked that they’ve got to pay 7% or 8% to finance it. You’re talking tons of money.”

Now do you see the impact of high interest rates? 7% or 8% interest equates to a total sum of money a borrower will pay to finance a car.

And that doesn't stop them from buying cars.

So, what is your point.


Feeelings.

 

[otto105]

Is it run by Nina Jankowicz?

Geezsus christ hollie.

The Bureau of Economic Analysis (BEA) of the United States Department of Commerce is a U.S. government agency that provides official macroeconomic and industry statistics, most notably reports about the gross domestic product (GDP) of the United States and its various units—states, cities/towns/townships/villages/counties, and metropolitan areas. They also provide information about personal income, corporate profits, and government spending in their National Income and Product Accounts (NIPAs).

The BEA is one of the principal agencies of the U.S. Federal Statistical System.[1] Its stated mission is to "promote a better understanding of the U.S. economy by providing the most timely, relevant, and accurate economic data in an objective and cost-effective manner".[2]

BEA has about 500 employees and an annual budget of approximately $101 million.