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%.
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.
one sure way to check inflation is check the grocery store prices, are the dropping, or will they ever drop?
i know my bank account knows what it is compared to 2 plus years ago, my gas tank in my car also knows.
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?
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.
