M14 Shooter
The Light of Truth
April Inflation: 2.3%
What am I watching?
Good news on inflation
- Thread starter my2¢
- Start date
What am I watching?
Let the MAGA cult celebrate for a while. Ships are arriving at ports nearly empty. See how that turns out.
M14 Shooter
The Light of Truth
Oh so things aren't as bad as we were expecting. Congrats. You want a pat on the back?Inflation rate hit 2.3 percent in April
Less the expected
Annual inflation rate hit 2.3% in April, less than expected and lowest since 2021
The consumer price index was expected to increase 0.2% in April for a 2.4% annual inflation rate.www.cnbc.com
We expected prices were going to go down on day one.
They did go down on day one....https://tradingeconomics.com/united-states/inflation-cpi
yes, there was a lot of doom and gloom, that turned out to be propaganda that you fell for.
Leftwing 'economists' are never held accountable for their wrong predictions. The media will bring the same hacks out next time and tout their predictions.
- Thread starter
- #47
My general impression on the financial community is that they leave the sophomoric left and right leaning bullcrap out of the picture and deal with economic reality. They serve those in the business world that are laying money on the line based on economic projections and are held accountable by those that win or lose on a profit basis, not by politics.
I don't think the leftwing "economists' are hired by the networks to influence the financial markets for the most part. They are there to fool the rank-and-file nonthinkers.
- Thread starter
- #49
My opinion of these economic forecasters is that they're like those who predict college and NFL football games. They submit data into an objective algorithm they can best contrive and come up with a forecast.
Those that think they're out to fool rank-and-file, says more about the weakness of their own mindset and their grandiose opinion of themselves.
You might have a point if those leftwing go-to forecasters were ever right. But economists like Mark Zandi and Paul Krugman who always predict doom and gloom for Trump and always end up wrong. Never called out for it, never discredited, there they are back on CNN for the next prediction. The goal for CNN isn’t to be right; it’s to rip Trump. Discerning minds understand that. Stupid people believe them
Remember last year we said "look at the stock market Biden's doing great" and you guys said "the uneducated blue collar workers don't benefit from the stock market. Trump is going to help those workers, not us rich workers who have 401K'sInflation rate hit 2.3 percent in April
Less the expected
Annual inflation rate hit 2.3% in April, less than expected and lowest since 2021
The consumer price index was expected to increase 0.2% in April for a 2.4% annual inflation rate.
So then don't brag about these stocks going up because of Trump's tariffs.
Trump said Friday at a Pennsylvania rally he would double tariffs on steel imports to 50% from 25%, a move that inflamed trade tensions again and drew criticism from global partners.
Trump’s 50% steel tariff could see prices tank in Europe — and soar in the U.S.
- U.S. steel prices are set to climb further as a result of the higher tariff rate expected to come into effect this week, while applying “increased downward pressure to selling prices” in Europe.
- Analysts also note the increased uncertainty for businesses, with no guarantee the tariffs will remain in effect.
“This was an absolute surprise. Already steel prices in the U.S. are higher than anywhere else, and it is a net importer which needs to have volumes coming in. All this does is raise prices there,” Josh Spoores, head of steel Americas analysis at CRU, told CNBC on Monday.
Canada and Mexico are the biggest exporters of steel to the U.S., with other major sources including Brazil, South Korea and Germany.
The latest tariff news could see steel redirected to other markets such as Europe, Spoores said, putting downward pressure on prices.
“Some manufacturers in Europe might do better building products that are steel intensive at home and exporting them to the U.S. as prices rise there,” he continued. “Automotives, construction products and appliances are all products that are going to feel the impact.”
He said that, in Europe, steel buyers are potentially winners.
But not all companies are expected to benefit.
Yes, I remember how Xiden and the Demafacsit war on teh working class caused xidenflation.
and now I see Trump has reversed course on that. Not sure your point?
You lost me at Xiden. Such a hypocrite. Reverse course on what? TACO
U.S. economy shrank 0.3% in the first quarter as Trump policy uncertainty weighed on businesses
“Maybe some of this negativity is due to a rush to bring in imports before the tariffs go up, but there is simply no way for policy advisors to sugar-coat this. Growth has simply vanished,”
- Private sector payrolls rose by just 62,000 for the month, the smallest gain since July 2024, down from 147,000 in March and missing the Dow Jones consensus estimate for an increase of 120,000.
- Leisure and hospitality posted the biggest gain, adding 27,000 jobs.
Consumer sentiment slides to second-lowest on record as inflation expectations jump after tariffs
The outlook for price changes also moved in the wrong direction. Year-ahead inflation expectations rose to 7.3% from 6.5% last month, while long-term inflation expectations ticked up to 4.6% from 4.4%.
However, the majority of the survey was completed before the U.S. and China announced a 90-day pause on most tariffs between the two countries. The trade situation appears to be a key factor weighing on consumer sentiment.
You got old news US Consumer Confidence
“Consumer confidence improved in May after five consecutive months of decline,” said Stephanie Guichard, Senior Economist, Global Indicators at The Conference Board. “The rebound was already visible before the May 12 US-China trade deal but gained momentum afterwards. The monthly improvement was largely driven by consumer expectations as all three components of the Expectations Index—business conditions, employment prospects, and future income—rose"
GDPNow
GDPNow forecasting model provides a "nowcast" of the official estimate prior to its release by estimating GDP growth using a methodology similar to the one used by the US Bureau of Economic Analysis.
www.atlantafed.org
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2025 is 4.6 percent on June 2, up from 3.8 percent on May 30. After this morning’s releases from the US Census Bureau and the Institute for Supply Management, the nowcasts of second-quarter real personal consumption expenditures growth and real gross private domestic investment growth increased from 3.3 percent and -1.4 percent, respectively, to 4.0 percent and 0.5 percent.
Trump policies are turning things around
M14 Shooter
The Light of Truth
Nonsense. The blue collar workers he said he'd lower prices, are paying even more for food, groceries, inflation.You got old news US Consumer Confidence
“Consumer confidence improved in May after five consecutive months of decline,” said Stephanie Guichard, Senior Economist, Global Indicators at The Conference Board. “The rebound was already visible before the May 12 US-China trade deal but gained momentum afterwards. The monthly improvement was largely driven by consumer expectations as all three components of the Expectations Index—business conditions, employment prospects, and future income—rose"
Latest estimate: 4.6 percent — June 02, 2025GDPNow
GDPNow forecasting model provides a "nowcast" of the official estimate prior to its release by estimating GDP growth using a methodology similar to the one used by the US Bureau of Economic Analysis.
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2025 is 4.6 percent on June 2, up from 3.8 percent on May 30. After this morning’s releases from the US Census Bureau and the Institute for Supply Management, the nowcasts of second-quarter real personal consumption expenditures growth and real gross private domestic investment growth increased from 3.3 percent and -1.4 percent, respectively, to 4.0 percent and 0.5 percent.
Trump policies are turning things around
Is trump going to TACO?
Yes, Walmart has announced that they will be raising prices due to the impact of President Trump's tariffs on imported goods. The company stated that the tariffs will increase their costs of doing business, leading to higher prices for consumers.
Once again, you lie
Grocery prices experience biggest drop in almost 5 years
Grocery prices experience biggest drop in almost 5 years
Food at-home costs fell 0.4% in April
www.supermarketnews.com
you clearly don't get out much
jknowgood
Diamond Member
Looks like you were wrong again. GDP is expected to rise over 3%.
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