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  1. Hi there... Can you please quickly check to make sure your email address is up to date here? Just in case we need to reach out to you or you lose your password. Muchero thanks!

Fed’s Inflation gauge falls to lowest level in 2 years

Discussion in 'Too Hot for Swamp Gas' started by citygator, Jun 30, 2023.

  1. citygator

    citygator VIP Member

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    More data to suggest we are moving out of the inflation noise and into a soft landing in the economy. Not sure what else we could possibly ask our economy to do for us coming out of the pandemic but it is so far looking like it will shake off Covid better than Trump and Christie did.


    An inflation gauge tracked by the Federal Reserve falls to its lowest point in 2 years
    WASHINGTON (AP) — An inflation index that is closely monitored by the Federal Reserve tumbled last month to its lowest level since April 2021, pulled down by lower gas prices and slower-rising food costs.

    At the same time, consumers barely increased their spending last month, boosting it just 0.1%, after a solid 0.6% gain in April.

    The inflation index showed that prices rose 3.8% in May from 12 months earlier, down sharply from a 4.4% year-over-year surge in April. And from April to May, prices ticked up just 0.1%.

    IMG_0147.jpeg
     
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  2. ThePlayer

    ThePlayer VIP Member

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    Unfortunately the core index has stayed between 4.6% and 4.7% for six months or more.
     
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  3. pkaib01

    pkaib01 GC Hall of Fame

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    Thanks Joe!?
     
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  4. citygator

    citygator VIP Member

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    Yea but from the article:
    “As a result, many economists think growth in the current April-June quarter will slow”

    Economists are never wrong except maybe sometimes.
     
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  5. buckeyegator

    buckeyegator Premium Member

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    one sure way to check inflation is check the grocery store prices, are the dropping, or will they ever drop?
     
  6. BigCypressGator1981

    BigCypressGator1981 GC Hall of Fame

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    they aren’t dropping (have they ever?) but they’ve stabilized.
     
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  7. docspor

    docspor GC Hall of Fame

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    guess you don’t know what inflation is
     
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  8. buckeyegator

    buckeyegator Premium Member

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    i know my bank account knows what it is compared to 2 plus years ago, my gas tank in my car also knows.
     
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  9. G8tas

    G8tas GC Hall of Fame

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    Looks like someone skipped their economics class
     
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  10. buckeyegator

    buckeyegator Premium Member

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    hey, biden is doing his best!!!!!!!
     
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  11. docspor

    docspor GC Hall of Fame

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    so, you're saying you're dumber than a gas tank?
     
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  12. buckeyegator

    buckeyegator Premium Member

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    but still smarter than a liberal democrat
     
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  13. docspor

    docspor GC Hall of Fame

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    is 'at like wet water?
     
  14. AndyGator

    AndyGator GC Hall of Fame

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    Interesting. Based on national averages, gas is $0.45 per gallon higher than two years ago. So if you use 10 gallons a week, you pay $4.50 a week more. That's what is killing your bank account?
     
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  15. buckeyegator

    buckeyegator Premium Member

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    just pointing out the fallacy that bidenomics is working
     
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  16. AndyGator

    AndyGator GC Hall of Fame

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    ok. :rolleyes:
     
  17. swampbabe

    swampbabe GC Hall of Fame

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    It’s working compared to the UK and France
     
  18. GatorJMDZ

    GatorJMDZ gatorjack VIP Member

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    Don't bet the farm.
     
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  19. Sohogator

    Sohogator GC Hall of Fame

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    You keep you money in a bank? How quaint. If you had put it in the QQQ you’d be up 30% or 50% in apple or if lucky like me 190% in NVDA. Heck 6 month treasuries were yopielding 5.5% earlier.
     
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  20. Sohogator

    Sohogator GC Hall of Fame

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    How exactly?
     
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