New CPI released this morning. Inflation drops to 3.3% annually due to an individual month of no overall change in prices. Energy prices decreased by 2% just in May. 0.1% increase in May for food. No change for commodities other than food and energy. Services increased by 0.2% overall. Markets up across the board in response. Consumer Price Index Summary - 2024 M05 Results
Yay!!!!!! Now if the government can stop printing money and screwing up people's lives, we have a chance to recover
Fed rate announcement today at 2PM. I expect a cut in the rate as well as a UF football national championship this year so you can baseline my objectivity.
It's interesting, I hadn't really noticed the increase in food prices until my youngest was home for summer. Boy can eat. Edit: I did notice higher beer prices, luckily I drink a lot less beer than I used to.
First of all, any positive news is fake news. That summary can't be trusted, nor can the stock market being up +300 points this morning. Now that we've gotten that out of the way, Hunter Biden! So, yeah.
i had a weekly ‘cheat meal’ Monday and elected for a whopper with cheese, fries and coke. $12. North Atlanta.
Exactly. This is just more persecution of Trump and election interference. When will it end? In November, I guess. Unless the election is stolen again!
No sir. As I've gotten older, alcohol has started impacting the quality of my sleep more. I work out a lot, sleep is very important for my recovery and performance. Still drink beer, wine and whiskey but not nearly like I used to.
And the big news from the Fed? They are doing nothing. Federal Reserve interest rate decision for June 2024: Rates unchanged amid cooling inflation (nbcnews.com)
3 up & 1 down in the rate of inflation isn't inflation going down, just a cut on the increase. Rate cuts? LOL.
What the experts expect, not that they have been all that great at guessing. Powell Speaks on Rates and Inflation Report: Fed Meeting Live Updates - The New York Times (nytimes.com)
