US Core inflation level lowest in 3 years

That may be true in the short term but it will affect all of them down the road.

 

https://www.cnbc.com/2023/11/13/stock-market-today-live-updates.html

Stock futures surged Tuesday as investors cheered the latest U.S. consumer price index report.

Futures tied to the Dow Jones Industrial Average popped 377 points, or 1.1%. S&P 500 futures jumped 1.4%, and Nasdaq-100 futures were up by 1.7%.

CPI was flat last month, while economists polled by Dow Jones expected a gain of 0.1% month over month. The report comes as investors weigh the next potential policy move from the Federal Reserve.

 

Inflation was flat in October from the prior month, core CPI hits two-year low

• The consumer price index, which measures a broad basket of commonly used goods and services, was flat in October from the previous month but increased 3.2% from a year ago. Both were below Wall Street estimates.
• Excluding volatile food and energy prices, core CPI rose 0.2% and 4%, against the forecast of 0.3% and 4.1%. The annual rate was the smallest increase since September 2021.
• The flat reading on headline CPI came as energy prices declined 2.5% for the month, offsetting a 0.3% increase in the food index.

 

Can’t wait for the Trumpers to come tell us how this is all bad news.

 

It is good news, but most people still notice prices are still a lot higher than a couple of years ago, so it takes a long time for consumers to reset their expectations as what the price should be. Every time I reorder a case of Diet Coke for $12 it is irritating because a few years ago it was $7 or $8.

 

I recommend you stop drinking Diet Coke.

 

I’ve changed a lot of things for the better health wise over the last year. I’ll eventually try to tackle that one, but it isn’t the highest priority. I try sometimes to switch to unsweet tea but it isn’t quite as satisfying as the Diet Coke and I’ve never been a big coffee drinker.

 

agreed. diet coke is one of my few remaining vices.

wonder if the narrative will somehow change from the economy sucks, which it doesn't, and hasn't. pumping in trillions was going to cause inflation. covid reaction was too much but it was dealt with by the feds properly and they now have room on interest rates to juice the economy if it starts to slide. little to nothing to do with potus, mostly fed action and congressional spending that drives the economy

 

I think the words you're looking for are, "Sorry, I was dead wrong."

 

Today was good. Shelter is still the major driving force for inflation. Consumer-type items didn't help either in some categories.

Heading in the right direction. This should keep the feds from talking hawkish.

 

A weird thing but I just bought a bag of winter rye. It’s back to pre Covid prices. Last year it was almost double.

 

As I told you then I will tell you now, regardless of cause, we know the cure. You adamantly preached against that cure from the get go. If the Fed had listened to you, we'd be in a world of pain. At least learn something from this.

 

If you are tying to convince me that you don't even know the definition of inflation, this posts suffices.