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

Those rate cut predictions were often based on predicted results. Not actual results. Once actuals were posted, nobody thought rates cuts were coming. The numbers didn't support them.

Now, we've entered a phase where if actual results continue on the current path, it signals the FED should and will cut rates in September. That's what the experts are saying.

In the past, it was if the future plays out as expected, then cuts. Today, it's if the future continues down the same path.

 

Hmm, could that be because the economy was doing so poorly that gasoline prices fell very sharply in 2020?

 

You are glitching. You just posted that.

 

Are you okay? That's a whole lot of BIDEN FAILURE I POSTED...

 

Not really. Again, all of it was due to the massive recession that happened under Trump. Not Biden. You basically posted the things that happen during recessions (prices went down and poor people lost their jobs).

 

That is just factual. When was the last designated recession in the US?

 

Is your non responsive answer because you don't know the answer to my question or because you just don't want to say it?

 

Who predicted 7 rate cuts in 2024?

 

It is hard to pretend the $4.929 didn't happen when it was a direct cause of prices going up and they don't seem to have gone back down even after the gas prices did. I wonder what the changes on diesel was over those years. That has the direct effect of prices in store.

 

Support your conclusions. Otherwise, they can be dismissed as empty assumptions or worse, flat out lies.

 

Why can't MAGA nation understand oil is a global commodity?

 

I won't do anyone else's research, but there were predictions of rate cuts for July 2024, which are unlikely to happen. Maybe even a few predictions for earlier, but I don't remember.

The cut predictions were all predicated on the economy reaching a "goldilocks zone" of unemployment, jobs added, and CPI all being just right. But inflation was stubborn, and job adds were too high with unemployment too low. Until now.

June saw unemployment at 4.1%, just over 200k jobs added, and CPI at 3%. One month isn't a trend, so the FED will likely be cautious and not do anything later this month. But if current trends continue through the summer? Then cuts are coming in September.