CPI out....Inflation at 3%....A softer rise than expected

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In September, the Consumer Price Index for All Urban Consumers rose 0.3 percent, seasonally adjusted, and rose 3.0 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy increased 0.2 percent in September (SA); up 3.0 percent over the year.

CPI Report Today: Annual Inflation Comes in at 3%, Slightly Softer Than Forecast​



Meh, not great, not as terrible as had been predicted.

It seems tariffs are having little effect.
 
So inflation continues to rise.

Some economists have said for a while now that we will never get back to 2% due to all the .gov spending during Biden's term and the fact that there will be no more quantitative easing once Powell is gone.

In theory, getting inflation closer to the Federal Reserve’s 2% target doesn’t sound terribly difficult.

The main culprits are related to services and shelter costs, with many of the other components showing noticeable signs of easing. So targeting just two areas of the economy doesn’t seem like a gargantuan task compared to, say, the summer of 2022 when basically everything was going up.

In practice, though, it could be harder than it looks.

Prices in those two pivotal components have proven to be stickier than food and gas or even used and new cars, all of which tend to be cyclical as they rise and fall with the ebbs and flows of the broader economy.

Take it for what it's worth.
 
I'm getting 4 percent on my savings, beating inflation by 1 percent. :up:
 

In September, the Consumer Price Index for All Urban Consumers rose 0.3 percent, seasonally adjusted, and rose 3.0 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy increased 0.2 percent in September (SA); up 3.0 percent over the year.

CPI Report Today: Annual Inflation Comes in at 3%, Slightly Softer Than Forecast​



Meh, not great, not as terrible as had been predicted.

It seems tariffs are having little effect.
This is a DISASTER. American's are getting poorer every single month under Trump.

1761321664049.webp
 
15th post

Cost-of-living worries haunt Americans ahead of midterms, Reuters/Ipsos poll finds​


WASHINGTON (Reuters) -Americans are worried about the cost of basic needs including healthcare, food, housing and energy, a Reuters/Ipsos poll found, suggesting those concerns could be critical in next year’s midterm elections that will determine control of the U.S. Congress.

Affordability worries helped power Republican President Donald Trump's 2024 election. But 10 months into his second term, voters have continued to face high prices for everyday staples – and are looking for relief.

Some 40% of respondents in the six-day poll, which closed on Monday, said candidates' positions on the cost-of-living would be the single biggest factor in their vote next year, compared to 28% who said the top issue would be protecting democracy and democratic norms. Another 14% said immigration was the biggest issue and 9% said crime.

“Cost-of-living seems to be on the minds of the public, regardless of partisan stripe,” said John Geer, a public opinion expert at Vanderbilt University who reviewed the poll.
 

Cost-of-living worries haunt Americans ahead of midterms, Reuters/Ipsos poll finds​


WASHINGTON (Reuters) -Americans are worried about the cost of basic needs including healthcare, food, housing and energy, a Reuters/Ipsos poll found, suggesting those concerns could be critical in next year’s midterm elections that will determine control of the U.S. Congress.

Affordability worries helped power Republican President Donald Trump's 2024 election. But 10 months into his second term, voters have continued to face high prices for everyday staples – and are looking for relief.

Some 40% of respondents in the six-day poll, which closed on Monday, said candidates' positions on the cost-of-living would be the single biggest factor in their vote next year, compared to 28% who said the top issue would be protecting democracy and democratic norms. Another 14% said immigration was the biggest issue and 9% said crime.

“Cost-of-living seems to be on the minds of the public, regardless of partisan stripe,” said John Geer, a public opinion expert at Vanderbilt University who reviewed the poll.
Cost of living has always worried everyone in the world since before the Pyramids of Giza were built.
 

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