Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows

[OhPleaseJustQuit]

How?

.

Printing endless amounts of free money.

Oh, and taking all the money that working people actually earn.

.

 

[XponentialChaos]

?

 

[Moonglow]

.

Make it free.

.

Lame ass approach to nothing.

 

[Moonglow]

.

Printing endless amounts of free money.

Oh, and taking all the money that working people actually earn.

.

Trump can't help it. He likes tariffs and taxes, along with high fees.

 

[Muhammed]

Core inflation hit the highest number since 2023. Thats dollars that we can't get back.​

​

Actually inflation was 6.4% in Jan 2023.

It's down 2%

 

[Zincwarrior]

Actually inflation was 6.4% in Jan 2023.

It's down 2%

No. That was three years ago.

 

[0311]

What's the left's plan to make stuff more affordable?

First off, stop with the "Left" bull shit. Sleepy Donnie has wrecked our economy. Joe Biden was bringing down the National Debt and Dementia Donnie has only increased it. His tariffs are a disaster for the American Consumer. His illegal and Unconstitutional War cause oil prices to surge.

I am just as much an American (my family came to this country in 1642) as you are. My politics are NOT the same as yours, but want respect, you give respect. I served my country (Sleepy Donnie was Daft Dodger never did)).

 

[1srelluc]

Yeah, I had a prime filet on Sunday that we did in the air fryer---damn, that was a good steak. I love that air fryer.

Helpful tip.....Make sure you clean the heating coil after cooking a steak and every now and again otherwise.

 

[Concerned American]

Helpful tip.....Make sure you clean the heating coil after cooking a steak and every now and again otherwise.

We clean it to like new after every use so it is never a real task. That is one of the things that really grabbed my attention when we got it. Thanks for the head up though.

 

[Eman623]

First off, stop with the "Left" bull shit. Sleepy Donnie has wrecked our economy. Joe Biden was bringing down the National Debt and Dementia Donnie has only increased it. His tariffs are a disaster for the American Consumer. His illegal and Unconstitutional War cause oil prices to surge.

I am just as much an American (my family came to this country in 1642) as you are. My politics are NOT the same as yours, but want respect, you give respect. I served my country (Sleepy Donnie was Daft Dodger never did)).

So what is the anti-Trump cohort's plan to make stuff more affordable?

 

[C_Clayton_Jones]

Core inflation hit the highest number since 2023. Thats dollars that we can't get back.​

Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows​

Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows

The personal consumption expenditures price index was expected to show a 4.1% annual increase.

www.cnbc.com

Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows

The Federal Reserve’s primary price gauge rose at its highest level since 2023, reinforcing the central bank’s recent tough talk on inflation.

Excluding food and energy, the personal consumption expenditures price index showed a 3.4% annual rate after rising 0.3% for the month, both in line with Dow Jones consensus. The core reading was the highest since October 2023.


For the all-items reading, the PCE index showed inflation running at a seasonally adjusted 4.1% annual rate, the highest since April 2023, according to a Commerce Department report Thursday. On a monthly basis, PCE accelerated 0.4%. The annual level was in line with the Dow Jones consensus estimate while the monthly reading was 0.1 percentage point below.

While Fed officials look at both headline and core rates, they generally consider the latter a better measure of long-run trends, particularly in light of this year’s inflation surge that was driven largely by an acceleration in energy prices tied to the Iran war that have slowly been seeping into other parts of the economy.

Even with the elevated inflation levels, consumer spending for the month came in stronger than expected.

Personal consumption expenditures, a proxy for spending, rose 0.7% for the month, 0.1 percentage point above the forecast and ahead of the inflation rate. Personal income also rose 0.7%, well above the 0.4% forecast. The personal saving rate rose to 3%.

It was stupid to vote for Trump believing he could do anything about inflation.

 

[C_Clayton_Jones]

Yeah, the DOW really took it hard.

View attachment 1273145

Of course it's hard to say what those drunks will do by the end of trading.

Red herring fallacy, failed attempt to deflect.

The thread is about working Americans subject to higher costs Trump failed to address.

 

[1srelluc]

Red herring fallacy, failed attempt to deflect.

The thread is about working Americans subject to higher costs Trump failed to address.

REEEEEEEEEEEE some more.....All that matters is MY bottom line.

I couldn't care less if you take it on the chin. Plan better.

 

[Concerned American]

Red herring fallacy, failed attempt to deflect.

The thread is about working Americans subject to higher costs Trump failed to address.

Let me know when he catches up to your demented fool.

 

[Muhammed]

Red herring fallacy, failed attempt to deflect.

The thread is about working Americans subject to higher costs Trump failed to address.

The fact of the matter is that real wages went up during the Trump administration. The poverty rate plummeted to an all time record low.

 

[citygator]

I enjoyed a nicely marbled NY Strip the other day.....1.50# precooked weight. $20.00.

Being the frugal type I cut it in half and shared it with the wife. It was plenty with the fixins'.

BTW, I air-fried it. Damn it did a good job! I was amazed.

lol. Sure inflation is bad but I now split a steak for half price!

Magaloons.

 

[citygator]

Inflation is twice the Fed target and eating into Americans affordability. Shit happens but this was all avoidable. Tariffs and wars are the only drivers.

GOP deserve the midterm results.

 

[1srelluc]

lol. Sure inflation is bad but I now split a steak for half price!

Meh, if I wanted more I would have thawed out two but then I'd have to eat her half as she's not a big steak eater.....Worked out well.....Didn't over eat and I saved money.