***Personal Inflation Alert***

Nothing new here, carry on. It's even lost on you that what we are seeing now is in July. (shaking head)

 

Lamestream media right on time for the kind of biased report lefties are used to. (shaking head)

 

Have you looked at the release? I have it in the June CPI thread. Dig in and decide for yourself.

CNN just laid off a significant number of employees due to their biased reporting being rejected by the masses, going to be down to some sort of new entertainment site soon enough. I'm wondering if Entertainment Tonight will outdraw them too. Without CNN International, CNN would shut down here in the US.

 

Handpicked financial analysist to make it look like 2 rate cuts are coming between now and the end of the year.

The better-than-expected inflation report further bolstered hopes that a Federal Reserve rate cut could come sooner than later and help make borrowing money less expensive. Interest rates have been planted for months at a 23-year high as a result of the central bank’s inflation-fighting campaign.

“With another good CPI print under their belt, the window is open for the Federal Reserve to cut interest rates as early as September, and potentially again in December, assuming the inflation data continues to cooperate,” Skyler Weinand, chief investment officer at Regan Capital, wrote Thursday in a note to clients.

Two rate reductions are not going to happen based on we having a slight reduction in inflation because the Biden Administration flooded the NE with gasoline as mandated by congress. They sold the 1,000,000 gallons of gasoline lowering gas prices in the NE, in one Virginia location the price at the pump went down from $5.09 to $3.69. Once the supply comes back into balance, there won't be any more CPI gasoline price reductions as we saw in May at -3.6% and in June at -3.8%. This isn't nationwide either as it is only in the NE which in turn affects the whole CPI.

When Biden sold off from the SPR leading into the 2022 midterms to lower inflation, the Fed Reserve didn't lower into the temporary reduction. They won't reduce rates twice this year based on the one-time release of the NE gasoline emergency supply mandated by congress which has now been accomplished. We might see one more CPI gasoline price reduction for July, but as I reported in post #1 here, our July gas here has gone up 10 cents per gallon from before Independence Day until after the Independence Day weekend.

Anyone living in the NE should enjoy their lower gas pump prices while they can.

 

Just reporting what a resident of Virginia says about his gas pump prices.

Not that it matters even if it was a one off, the effect of the NE reserve being sold off lowering CPI gasoline prices will be easily seen by the Fed. That's all that matters in their decisions. I'd be shocked if the Fed starts rate cutting under current economic conditions which is precisely why I called out the CNN article and then explained at the request of rivergator.

 

People like Publix. People get good service at Publix. People spend money at Publix. Publix is in the business to do all of the above and to make profits for shareholders. If people felt they were being price gouged, they would shop at one of the many alternatives.

Why do you claim making a profit is a crime or how much profit can be made is a crime? Why do you think the Florida Attorney General should investigate a company for making too much money?

If wrongdoing such as price fixing with competitors or price gouging was going on at Publix as you describe, I'm 100% sure the Florida AG would react. Living in Florida, I can see where it would be appropriate to investigate any businesses price fixing and price gouging after a catastrophic event such as a hurricane.

Businesses aren't responsible for inflation. Like taxes, businesses pass along the added cost of inflation to consumers in the form of higher prices. Making profits is a good thing which doesn't necessitate investigation for doing so at the local, state, or federal level.