Inflation rises 3.3% in May, 0.1% less than expected

[rightwinger]

You mean just hand out other people’s money? That will just punish the successful, hard-working people and reward those who don’t get jobs.

Whose money are you planning to use to help those poor retirees?

 

[Lisa558]

Whose money are you planning to use to help poor retirees?

Well I’m not suggesting just handing them money, if that’s what you think.

Once we get Trump back in, we can start bringing costs down - starting with energy prices. That will help poor(er) retirees when they can start affording things again.

Go Trump!

 

[Moonglow]

View attachment 961184

Trump will fix Biden's disaster

He helped to create the Biden disaster, duh in fact he created the Trump disaster in 2020.

 

[Moonglow]

Well I’m not suggesting just handing them money, if that’s what you think.

Once we get Trump back in, we can start bringing costs down - starting with energy prices. That will help poor(er) retirees when they can start affording things again.

Go Trump!

Energy prices are set by a world market are you suggesting Trump stop society again for lower gas prices?

 

[Harpy Eagle]

Once we get Trump back in, we can start bringing costs down - starting with energy prices.

How will he do that? The US is already producing records amount of oil and natural gas.

 

[citygator]

Fed doing what it does best... nothing.

Federal Reserve leaves key interest rate unchanged amid signs inflation is starting to slow further

Fed officials have indicated they are in no rush for a rate cut, hoping instead for continued progress on slowing price growth.

www.nbcnews.com

 

[Weatherman2020]

3.3 percent is damned good
Wages increased 4.1 percent last month

Inflation Rises by 3.3% in May Compared to the Previous May, Bringing the Cumulative Total Inflation to Almost 20% Since Biden Was Elected​

 

[Weatherman2020]

Those are good numbers.

Going to be a good day for the market and a bad day for MAGA

View attachment 961122

A new report from the Center on Immigration Studies reveals that most job growth since the pandemic has gone to immigrants, both legal and illegal, while labor force participation among U.S.-born men remains at historic lows.
Key Details:

From May 2019 to May 2024, the number of employed immigrants increased by 3.2 million, while U.S.-born employment grew by only 971,000.

U.S.-born men, especially those without a bachelor's degree, continue to experience historically low labor force participation rates.

The decline in labor force participation among U.S.-born men has significant social and economic implications, including increased crime, social isolation, overdose deaths, and welfare dependency.

 

[Harpy Eagle]

A new report from the Center on Immigration Studies reveals that most job growth since the pandemic has gone to immigrants, both legal and illegal, while labor force participation among U.S.-born men remains at historic lows.

The LFPR for men has been dropping since 1950. It did not slow in the slightest under Trump

The core working age LFPR is as levels not seen in 20 plus years.

 

[Weatherman2020]

The LFPR for men has been dropping since 1950. It did not slow in the slightest under Trump

View attachment 961358


The core working age LFPR is as levels not seen in 20 plus years.

View attachment 961359

View attachment 961360

View attachment 961362

Is that why Joe never gets near mentioning the economy.

We all know it’s circling the drain.

 

[Harpy Eagle]

Is that why Joe never gets near mentioning the economy.

We all know it’s circling the drain.

just because you suck at life and are suffering, you should not assume everyone else is as well.

 

[rightwinger]

Inflation Rises by 3.3% in May Compared to the Previous May, Bringing the Cumulative Total Inflation to Almost 20% Since Biden Was Elected​

Yea, that is the way inflation works
I am a lowly retiree and my pension has increased 17.8 percent since Biden was elected

 

[Lisa558]

Yea, that is the way inflation works
I am a lowly retiree and my pension has increased 17.8 percent since Biden was elected

That’s because government retirees have nothing to worry about, which explains why they vote for harmful Democrat policies. They are protected from the consequences of their vote.

 

[rightwinger]

That’s because government retirees have nothing to worry about, which explains why they vote for harmful Democrat policies. They are protected from the consequences of their vote.

Social Security and Military Pensions have also seen a 17.8 percent increase under Biden

 

[Captain Caveman]

View attachment 961152

View attachment 961153

Graphics show how Americans' total credit card debt reached record high

Card debt jumped $50 billion to a record high between Q3 and Q4 2023, Federal Reserve says.

eu.usatoday.com

 

[Lisa558]

Graphics show how Americans' total credit card debt reached record high

Card debt jumped $50 billion to a record high between Q3 and Q4 2023, Federal Reserve says.

eu.usatoday.com

It’s how they’re contending with the high price of groceries and gas. Once they reach their credit limit, it can get ugly.

 

[Captain Caveman]

It’s how they’re contending with the high price of groceries and gas. Once they reach their credit limit, it can get ugly.

Some get wrapped up with inflation too much that they champion Biden when it falls. As goods increased exponentially, that drove the cost of services up too. And the percentage of this increase has been mind boggling. I've even seen some building products eventually double in price. So all these folk are simply championing a lower inflation not increasing the already high prices/costs as much.

So a 4.1% pay rise when inflation is 3.3% doesn't really make goods and services really any more affordable. Just means some could buy an extra coffee and sandwich per month.

 

[Cellblock2429]

MSN

www.msn.com

Inflation cooled more than expected in May, a welcome sign for the Federal Reserve even as prices remained uncomfortably high for millions of Americans.

The Labor Department said Wednesday that the consumer price index, a broad measure of how much everyday goods like gasoline, groceries and rent cost, was unchanged in May from the previous month. Prices climbed 3.3% from the same time last year. Both of those figures are lower than the 3.4% headline gain and 0.1% monthly increase forecast by LSEG economists.

Lipstick on an pig?

Enjoy your 0.1% negative "savings" that will be revised downward in a month.

I can't find the revised figures from last month....Yet.

/——/ “even as prices remained uncomfortably high for millions of Americans.”

Yearly inflation is cumulative. It’s still 120% up from 2020.

 

[1srelluc]

/——/ “even as prices remained uncomfortably high for millions of Americans.”

Yearly inflation is cumulative. It’s still 120% up from 2020.

Yep.

 

[Cellblock2429]

3.3 percent is damned good
Wages increased 4.1 percent last month

/——/ Inflation affects everyone, but not everyone got a pay raise.