Vindication for Powell?

[berg80]

Core inflation rose to 2.9% in July, highest since February​

https://www.cnbc.com/2025/08/29/pce-inflation-report-july-2025.html

Inflation edged higher in July, according to the Federal Reserve’s preferred inflation measure, indicating that President Donald Trump’s tariffs are working their way through the U.S. economy.

The personal consumption expenditures price index showed that core inflation, which excludes food and energy costs, ran at a 2.9% seasonally adjusted annual rate, according to a Commerce Department report Friday. That was up 0.1 percentage point from the June level and the highest annual rate since February, though in line with the Dow Jones consensus forecast.

On a monthly basis, the core PCE index increased 0.3%, also in line with expectations. The all-items index showed the annual rate at 2.6% and the monthly gain at 0.2%, also hitting the consensus outlook.

Uh oh. Gold is flying higher. https://www.cnbc.com/quotes/@GC.1

Not a good sign for the market. Could be cuz Don is trying to take control of the Fed. Could be cuz of the impending addition to the debt. Could be dollar weakness.

The Fed uses the PCE price index as its primary forecasting tool.

 

[marvin martian]

DemoKKKrats cheering a rise in inflation.

19% is too high for you morons.

 

[berg80]

DemoKKKrats cheering a rise in inflation.

19% is too high for you morons.

Is it cheering or just pointing out Powell has been correct to be cautious regarding rates despite Dotard shaking his rattle like a spoiled child?

 

[Mac1958]

Core inflation rose to 2.9% in July, highest since February​

https://www.cnbc.com/2025/08/29/pce-inflation-report-july-2025.html

Inflation edged higher in July, according to the Federal Reserve’s preferred inflation measure, indicating that President Donald Trump’s tariffs are working their way through the U.S. economy.

The personal consumption expenditures price index showed that core inflation, which excludes food and energy costs, ran at a 2.9% seasonally adjusted annual rate, according to a Commerce Department report Friday. That was up 0.1 percentage point from the June level and the highest annual rate since February, though in line with the Dow Jones consensus forecast.

On a monthly basis, the core PCE index increased 0.3%, also in line with expectations. The all-items index showed the annual rate at 2.6% and the monthly gain at 0.2%, also hitting the consensus outlook.

Uh oh. Gold is flying higher. https://www.cnbc.com/quotes/@GC.1

Not a good sign for the market. Could be cuz Don is trying to take control of the Fed. Could be cuz of the impending addition to the debt. Could be dollar weakness.

The Fed uses the PCE price index as its primary forecasting tool.

He's in a tough spot. Inflation is still a little too hot, and we don't know what the next few weeks will bring. The tariffs should have worked their way through supply chains by somewhere around the end of September, so we'll know before long.

But from his last comments, it looks like he's going to prioritize jobs over inflation, as dangerous as that is. So we still might see one or two 25bps cuts this year. But fortunately, I don't think he'll be bullied into it by any ignorant Oval Office buffoons.

 

[luiza]

Amateur and novice , Troll Bot Bugger , still hasn't a clue which way Project Chaos is being run, and what the core objectives are behind Deep State's plans for the economy and the financial currency system .

Of course Inflation rises and the dollar falls before you are going to move from the present Debt System to a BRICS PLUS Gold backed standard system .

Take a forever break Bugger .
You are clueless .

 

[Toddsterpatriot]

Core inflation rose to 2.9% in July, highest since February​

https://www.cnbc.com/2025/08/29/pce-inflation-report-july-2025.html

Inflation edged higher in July, according to the Federal Reserve’s preferred inflation measure, indicating that President Donald Trump’s tariffs are working their way through the U.S. economy.

The personal consumption expenditures price index showed that core inflation, which excludes food and energy costs, ran at a 2.9% seasonally adjusted annual rate, according to a Commerce Department report Friday. That was up 0.1 percentage point from the June level and the highest annual rate since February, though in line with the Dow Jones consensus forecast.

On a monthly basis, the core PCE index increased 0.3%, also in line with expectations. The all-items index showed the annual rate at 2.6% and the monthly gain at 0.2%, also hitting the consensus outlook.

Uh oh. Gold is flying higher. https://www.cnbc.com/quotes/@GC.1

Not a good sign for the market. Could be cuz Don is trying to take control of the Fed. Could be cuz of the impending addition to the debt. Could be dollar weakness.

The Fed uses the PCE price index as its primary forecasting tool.

Wow! The highest since 5 months ago.

Not like Biden, when it was the highest in 4 decades, eh?

 

[berg80]

He's in a tough spot. Inflation is still a little too hot, and we don't know what the next few weeks will bring. The tariffs should have worked their way through supply chains by somewhere around the end of September, so we'll know before long.

But from his last comments, it looks like he's going to prioritize jobs over inflation, as dangerous as that is. So we still might see one or two 25bps cuts this year. But fortunately, I don't think he'll be bullied into it by any ignorant Oval Office buffoons.

Well, the Fed does have a "dual mandate," inflation and employment. Buy you're right, it's a bit of a push-pull with slowing job growth and rising inflation. Raising the specter of stagflation.

Naturally, it will all be blamed on Powell no matter what. Dotard likes to establish an escape hatch from responsibility at all times.

 

[Independent thinker]

Core inflation rose to 2.9% in July, highest since February​

https://www.cnbc.com/2025/08/29/pce-inflation-report-july-2025.html

Inflation edged higher in July, according to the Federal Reserve’s preferred inflation measure, indicating that President Donald Trump’s tariffs are working their way through the U.S. economy.

The personal consumption expenditures price index showed that core inflation, which excludes food and energy costs, ran at a 2.9% seasonally adjusted annual rate, according to a Commerce Department report Friday. That was up 0.1 percentage point from the June level and the highest annual rate since February, though in line with the Dow Jones consensus forecast.

On a monthly basis, the core PCE index increased 0.3%, also in line with expectations. The all-items index showed the annual rate at 2.6% and the monthly gain at 0.2%, also hitting the consensus outlook.

Uh oh. Gold is flying higher. https://www.cnbc.com/quotes/@GC.1

Not a good sign for the market. Could be cuz Don is trying to take control of the Fed. Could be cuz of the impending addition to the debt. Could be dollar weakness.

The Fed uses the PCE price index as its primary forecasting tool.

Let us know when Trump's inflation tops Biden and the democrat's 9%.

 

[berg80]

Let us know when Trump's inflation tops Biden and the democrat's 9%.

That would mean another global supply chain shock following a pandemic. Surely you don't want that.

 

[berg80]

Uh oh. Gold is flying higher.

On a personal note, I know how happy the board's conservatives are for me that I've owned a gold proxy, AEM, since it was at $98 in anticipation of trumpery.

https://finance.yahoo.com/quote/AEM/chart/#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

 

[Toddsterpatriot]

On a personal note, I know how happy the board's conservatives are for me that I've owned a gold proxy, AEM, since it was at $98 in anticipation of trumpery.

https://finance.yahoo.com/quote/AEM/chart/#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

Imagine if that had been available during Biden's disaster.

 

[whitehall]

CNBC? If you wonder how biased and wrong NBC could get all you have to add is the "C" (for Canada?). Inflation was around 21% for the four years of Biden and we got nothing for it except propaganda about global warming. Inflation is down to around 3% under Trump despite the doom and gloom predictions from idiotic information sources like NBC.

 

[shockedcanadian]

Core inflation rose to 2.9% in July, highest since February​

https://www.cnbc.com/2025/08/29/pce-inflation-report-july-2025.html

Inflation edged higher in July, according to the Federal Reserve’s preferred inflation measure, indicating that President Donald Trump’s tariffs are working their way through the U.S. economy.

The personal consumption expenditures price index showed that core inflation, which excludes food and energy costs, ran at a 2.9% seasonally adjusted annual rate, according to a Commerce Department report Friday. That was up 0.1 percentage point from the June level and the highest annual rate since February, though in line with the Dow Jones consensus forecast.

On a monthly basis, the core PCE index increased 0.3%, also in line with expectations. The all-items index showed the annual rate at 2.6% and the monthly gain at 0.2%, also hitting the consensus outlook.

Uh oh. Gold is flying higher. https://www.cnbc.com/quotes/@GC.1

Not a good sign for the market. Could be cuz Don is trying to take control of the Fed. Could be cuz of the impending addition to the debt. Could be dollar weakness.

The Fed uses the PCE price index as its primary forecasting tool.

What are real wages?

That is critical to any discussion, absolutely critical.

If wages are increasing 3.5%, than inflation is just an expectation of a booming job market, investment and economic activity.

Since Biden basically only created jobs for illegals (something Canadian companies are relying more and more on), it ensured flat wages, or worse. In that scenario, 3% inflation is horrible.

The target for inflation is generally 2%, but what if wage growth far exceeds expectations?

REAL wage increases are the sweet spot for a growing Middle Class.

 

[Independent thinker]

That would mean another global supply chain shock following a pandemic. Surely you don't want that.

LOL. Yeah, that's it. Keep on telling yourself that. Meanwhile, Americans got tired of democrat's high inflation and voted democrats out.

 

[C_Clayton_Jones]

Not a good sign for the market. Could be cuz Don is trying to take control of the Fed. Could be cuz of the impending addition to the debt. Could be dollar weakness.

We know for certain that it’s the incompetent, ham-fisted Trump ‘administration.’