New Inflation Data Is Worse Than You Think

Because manufacturers and distributers can sell their products at whatever price they choose, right? If that was the case, why haven't they raised them in the past?

It will be you and me bearing the increase, and the GOP will be battered for it.
 
Because manufacturers and distributers can sell their products at whatever price they choose, right? If that was the case, why haven't they raised them in the past?

They will raise the prices.

So many of you are sticking with Trump because he like an abusive parent beating his kids. Do not let trauma bonding take away your freedom of choice.
 
It will be you and me bearing the increase, and the GOP will be battered for it.

Why? Sorry, but except for essential products, manufacturers and distributors need to sell their products just as much as consumers need/want to buy them. If that wasn't the case, prices would already be sky high because, why not? Don't manufacturers want to make more money?
 
They will raise the prices.

So many of you are sticking with Trump because he like an abusive parent beating his kids. Do not let trauma bonding take away your freedom of choice.

And if the prices are too high, consumers will not buy them or cut back. That means less profits. Guess what that means? You guessed it, they will lower their prices. Economics 101.
 
Core inflation rose at an annualized rate of 3.1% in July, the Bureau of Labor Statistics announced on Tuesday, as President Donald Trump's nonsensical tariffs led to rising prices for American consumers. The current topline figure is 2.7% This is .2 percentage points higher than the previous month’s figure.

That 3.1% annualized rate is the fastest rising inflation rate in five months, and higher than the 2.9% annualized rate BLS clocked in July 2024, according to The New York Times.

"For two years inflation was declining toward the [Federal Reserve Bank’s] target. That seems to be over," University of Michigan economics professor Justin Wolfers wrote in a post on X.
Inflation - rose - to 2.7%?
Laughing at you in 2021-2024




 

Stock market today: Dow pops, S&P 500 and Nasdaq waver as Fed rate cut bets surge​

US stocks climbed on Wednesday amid increasing expectations that the Federal Reserve will cut interest rates at its next meeting, following the latest inflation data.

The Dow Jones Industrial Average (^DJI) led the major gauges, rising about 0.9%. The benchmark S&P 500 (^GSPC) and the tech-heavy Nasdaq Composite (^IXIC) pared earlier gains. The S&P 500 rose 0.1%, while the Nasdaq ticked up roughly 0.2%.

The gains followed a big upswing in stocks on Tuesday after the release of the July Consumer Price Index (CPI) report, with the S&P 500 and Nasdaq both touching new records. Though the data showed inflation had ticked up, it increased less than expected.

Treasury Secretary Scott Bessent also on Wednesday called on the Fed to lower rates by 150 to 175 basis points.

Winning






 
Just so we're clear....
The little red circle is the reality of the economic catastrophy Democrats promised us when Trump started talking about tariffs.

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Wholesale prices rose 0.9% in July, much more than expected​


As a few folks on the board pointed out this week the CPI number from the other day masked some underlying issues with inflation not reflected in the report. Economists have been saying increased inflation due to the tariffs will come. Perhaps this is another sign it is on our doorstep.
 
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Wholesale prices rose 0.9% in July, much more than expected​


As a few folks on the board pointed out this week the CPI number from the other day masked some underlying issues with inflation not reflected in the report. Economists have been saying increased inflation due to the tariffs will come. Perhaps this is another sign it is on our doorstep.
Some of the price increases, especially with beef, are weather related in that farmers and ranchers can't feed as many so we have the lowest number of cattle heading to market this year since the 1960's
 
Yeah, that's even higher than I feared.

As I pointed out elsewhere, someone's losing their job.
Exactly. Who will he fire this time?

Stock futures slipped on Thursday after a new inflation report showed that wholesales costs rose more than expected last month.

S&P 500 futures and Nasdaq 100 futures slipped 0.4%. Futures tied to the Dow Jones Industrial Average shed 167 points, or 0.4%.

The S&P 500 and Nasdaq reached fresh intraday and closing record highs on Wednesday, rising 0.3% and 0.1%, respectively. The benchmarks got a jolt this week after the release of a cooler-than-expected consumer price inflation report for July. That report stoked hopes among investors for a rate cut from the Federal Reserve at the end of its September policy meeting.

However, investors were left feeling disappointed after July’s producer price index reading indicated that such a rate cut is far from guaranteed. Wholesale prices rose 0.9% on the month, much more than the 0.2% economists polled by Dow Jones were expecting. The index had come in flat in June. Wholesale prices can be a leading indicator for consumer prices.

 
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