June, July, & August 2024 CPI & PPI not what Fed Reserve Needs for rate policy change

I haven't speculated anything. Just pointing out that core inflation did not tick up by 0.1%, as you claimed it did in post #8.

 

U.S. Regular All Formulations Retail Gasoline Prices (Dollars per Gallon)

The reduction in gas prices is nationwide, down from $3.603 to $3.455 over the last month. In the New England states, prices dropped from $3.683 to 3.525 (New England (PADD 1A) All Grades Conventional Retail Gasoline Prices (Dollars per Gallon))

 

I hope they revise them to look even better... They still look weak.

 

I agree the FED is unlikely to change interest rates based on today's report. But again, the release of oil was known and baked into the 3.1% inflation predictions. The actual rate was 3.0%. How again is this bad?

The FED is likely in a wait and see mode, but by all current numbers, we're moving the the direction of rate cuts. Unemployment is where we want it, as are job numbers. And inflation, for the second month in a row has been slowing down. Is it too early to celebrate and cut interest rates? Yes, and I don't see the FEDs moving yet. But if these numbers continue, cuts will be coming. Possibly in Sept if the July and Aug numbers follow the current patterns.

 

In case you didn't know this, CPI includes more than just gas prices.

 

Yeah and the core cpi increase, which excludes gas, dropped month-over-month from 0.2% in May to a minuscule 0.1% in June. The drop in inflation was due to a lot more than a decrease in gas prices.

 

Quick recap for those keeping score at home....

Gas Prices


...I am truly, truly sorry for your 3 cents.

U.S. Regular All Formulations Retail Gasoline Prices (Dollars per Gallon) (eia.gov)

 

Hmmm . . . doesn't sound right. Let's see if poster is being truthful.

Poster appears to be sticking to their guns. Let's go back and check the facts:

Uh oh!

***Personal Inflation Alert***

 

2 months, 2 years? Tomato, tomahto.

 

You're fun to watch. You'll be at least as much fun to watch after we re-elect the traitor, and you do a 180 on this.

I remember that incompetent clown calling for rate cuts for the entirety of his term, as he was ramping up the deficit spending and the economy was continuing it's strong growth trend he inherited from Obama.

It's actually hard to believe that grown adults buy into this nonsense - but you do you. We're at peak Idiocracy.

 

Literally every financial news outlet is talking about how his report will green light the Fed for rate cuts that they already said are coming … then there is poor little ETGator, alone in his sorrow…

Inflation falls 0.1% in June from prior month, helping case for lower rates

Those wild eyed liberals at CNBC start their report with this, for example….

“The monthly inflation rate dipped in June for the first time in more than four years, providing further cover for the Federal Reserve to start lowering interest rates later this year.”

 

The employment, job creation, and now inflation reports all are moving in the direction of rate cuts. Probably not later this month, because not enough time with these improved metrics. But if we see similar numbers in July and August, then the Feds will likely cut a small amount, like .25% just to test the waters. Why wouldn't they, if unemployment is around 4%, new jobs every month around 200,000, and CPE falling below 3%?

 

Hmm, so getting the underlying facts wrong doesn't change your analysis? That suggests that you aren't actually engaging in "analysis" so much as "deploying a narrative."

 

Best economy in the world. Thanks, President Biden.