Good news on inflation

[M14 Shooter]

Too bad his tariffs are going to complete eff the economy up and blow inflation threw the roof.
Watch....

April Inflation: 2.3%
What am I watching?

 

[JimH52]

Yes, good news. The bad news is it's a backwards looking number that doesn't take the future, inflationary impact of tariffs in to account.

Let the MAGA cult celebrate for a while. Ships are arriving at ports nearly empty. See how that turns out.

 

[M14 Shooter]

Let the MAGA cult celebrate for a while.

Look at you, hoping and praying for bad economic news.

Ships are arriving at ports nearly empty.

Quantify this.

 

[sealybobo]

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

Oh so things aren't as bad as we were expecting. Congrats. You want a pat on the back?

We expected prices were going to go down on day one.

 

[struth]

Oh so things aren't as bad as we were expecting. Congrats. You want a pat on the back?

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.

 

[Mashmont]

Monthly report for March was released this morning.

Inflation slowed to 2.4% in the 12 months through March, as measured by the consumer-price index. That undershot the 2.6% forecast by economists polled by The Wall Street Journal.

https://www.wsj.com/livecoverage/stock-market-trump-tariffs-trade-war-04-10-25/card/inflation-data-what-to-expect-from-the-march-cpi-report-qwMvWyUK6J83cFeNpU9J

Leftwing 'economists' are never held accountable for their wrong predictions. The media will bring the same hacks out next time and tout their predictions.

 

[my2¢]

Leftwing 'economists' are never held accountable for their wrong predictions. The media will bring the same hacks out next time and tout their predictions.

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.

 

[Mashmont]

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.

 

[my2¢]

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.

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.

 

[Mashmont]

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