Fed's preferred inflation gauge shows prices cooled in October but remain painfully high

[JimH52]

Fed's preferred inflation gauge shows prices cooled in October but remain painfully high

Inflationary pressures in the economy remain strong, a worrisome sign for the Federal Reserve as it tries to crush runaway prices without triggering a recession.

finance.yahoo.com

The FED is doing it's job. It has been painful for some, but a soft landing looks possible.

 

[JustAnotherNut]

Yeah???? Let's see what happens after the first of the year........now that mid terms are pretty much over, and the holidays behind us. You can bet your best boots prices that have been held back, will shoot up faster and higher than ever before.


IOW, they bought your vote

 

[JimH52]

Yeah???? Let's see what happens after the first of the year........now that mid terms are pretty much over, and the holidays behind us. You can bet your best boots prices that have been held back, will shoot up faster and higher than ever before.


IOW, they bought your vote

People that cheer for the US to fail make me sick.

 

[CrusaderFrank]

Fed's preferred inflation gauge shows prices cooled in October but remain painfully high

Inflationary pressures in the economy remain strong, a worrisome sign for the Federal Reserve as it tries to crush runaway prices without triggering a recession.

finance.yahoo.com

The FED is doing it's job. It has been painful for some, but a soft landing looks possible.

You know they use fictional accounting, right? If the price of a product, like bread, rises by "too much" they assume that the consumer will substitute it with a cheaper alternative, cardboard?

Inflation was CAUSED by government overspending, instead of cancelling or clawing back that spending, the FED Strangles the economy. It's a criminal enterprise that needs to be ended

 

[JustAnotherNut]

People that cheer for the US to fail make me sick.

Well, we agree on that point......but my post had nothing to do with anyone cheering anything.


Just pointing out the fact that the economy's ups & downs and the timing show it's being manipulated for the betterment of those in power rather than for the people.........unless of course by some miracle prices continue to drop to all times lows and stay that way. But I'm not holding my breath

 

[JimH52]

Well, we agree on that point......but my post had nothing to do with anyone cheering anything.


Just pointing out the fact that the economy's ups & downs and the timing show it's being manipulated for the betterment of those in power rather than for the people.........unless of course by some miracle prices continue to drop to all times lows and stay that way. But I'm not holding my breath

I read this morning that gasoline prices could be down under $3.00 in 2023. The US is using less and less fossil fuels. That will take a toll on you apparent wish for price hikes. The eocnomy has not recovered from the pandemic yet. It will take several more years before it returns to a pre-COVID state and the supply chain is repaired.

Unfortunately, like you, there are those that want the US economy to fail.

Rail strike bill is rare rift between Democrats, unions

Senators predict they will have at least 60 votes to pass legislation approved by the House Wednesday to stop a nationwide railway strike, but a companion proposal to give railway workers more sick…

thehill.com

Then there are others that want our adversaries to succeed.

Rep. Marjorie Taylor Greene says 'under Republicans, not another penny will go to Ukraine'

The latest Speed Read,/speed-reads,,speed-reads, breaking news, comment, reviews and features from the experts at The Week

theweek.com

Why do elected officials want our economy to fail and our enemies to win an illegal war?

 

[JustAnotherNut]

I read this morning that gasoline prices could be down under $3.00 in 2023

Don't believe everything you read on the internet and start understanding the language you do read.....COULD BE, isn't a definite nor will it be until it actually happens. I'll wait and see if it does, or not.

 

[Esdraelon]

Yeah???? Let's see what happens after the first of the year........now that mid terms are pretty much over, and the holidays behind us. You can bet your best boots prices that have been held back, will shoot up faster and higher than ever before.


IOW, they bought your vote

Precisely... I can't wait to see the wailing and caterwauling amongst the snot-nosed kids who voted for the Left because of the "student loan forgiveness" when it becomes clear that he had no legal ability to do it, and he KNEW that when he lied about it.

I won't wish economic pain even on my worst detractors but I think this ship is going down and it will be over prior to the election in '24. These people are actively working to literally destroy America from within, then erect a Socialist paradise - with THEM in control. There are a lot of military and law enforcement types who have some serious life choices ahead because this isn't going to be allowed without a fight.

 

[JimH52]

Don't believe everything you read on the internet and start understanding the language you do read.....COULD BE, isn't a definite nor will it be until it actually happens. I'll wait and see if it does, or not.

You just cheering for inflation to continue. It is pretty obvious where your loyalty lies? Are you a Poootin fan also?

 

[JustAnotherNut]

You just cheering for inflation to continue. It is pretty obvious where your loyalty lies? Are you a Poootin fan also?

Atleast I can SMH..........you can't because of how far up your ass yours is, ain't nothing moving

Never ASSume what you don't know...it might come back to bite you

 

[Whodatsaywhodat.]

I read this morning that gasoline prices could be down under $3.00 in 2023. The US is using less and less fossil fuels. That will take a toll on you apparent wish for price hikes. The eocnomy has not recovered from the pandemic yet. It will take several more years before it returns to a pre-COVID state and the supply chain is repaired.

Unfortunately, like you, there are those that want the US economy to fail.

Rail strike bill is rare rift between Democrats, unions

Senators predict they will have at least 60 votes to pass legislation approved by the House Wednesday to stop a nationwide railway strike, but a companion proposal to give railway workers more sick…

thehill.com

Then there are others that want our adversaries to succeed.

Rep. Marjorie Taylor Greene says 'under Republicans, not another penny will go to Ukraine'

The latest Speed Read,/speed-reads,,speed-reads, breaking news, comment, reviews and features from the experts at The Week

theweek.com

Why do elected officials want our economy to fail and our enemies to win an illegal war?

That's what democrats do! Dumb ass.

 

[georgephillip]

What's the contribution of Citizens United, Corporate profits, and pandemic profiteering to our current levels of inflation?

An Economist’s Chart Goes Viral: Shows Main Source of Inflation

"As the chart below indicates, corporate profits have gone ballistic since the Supreme Court issued its Citizens United decision in 2010, opening the floodgates for corporate money to finance the political campaigns of the members of Congress.

"If corporations believe they own a large swath of Congress, then they have nothing to fear from pandemic profiteering..."

"This tangled web of dark money and corporate PACs underpinning corporate power may now present a serious risk to the financial stability of the United States.

"The Fed’s inflation-fighting toolkit has yet to be evaluated in a post Citizens United world."