Fed’s preferred inflation gauge rises to 2.3% annually, meeting expectations

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  • Опубликовано: 2 дек 2024

Комментарии • 56

  • @Wildboy789789
    @Wildboy789789 День назад +1

    Reporting a rise in income as "solid" with slower spending, well your celebrating stagflation... no growth and devalueing the dollar

  • @lakeguy65616
    @lakeguy65616 5 дней назад +3

    Inflation is obviously still not vanquished. Unemployment is near historic lows. Tell me again why the Fed dropped the Fed Funds rate 50 & 25 basis points? GDP is still healthy at 2.8% (3rd quarter of 2024). Given these numbers (low inflation, low unemployment & good GDP), why should the Fed cut the Fed Funds rate in December (or ever)?

    • @JamesBond-jb2yi
      @JamesBond-jb2yi 5 дней назад

      Unemployment # are incorrect.
      BLS revised jobs # by over 800,000 jobs in September!
      So , their interest rate hikes were not necessary.
      Jerome knows that.
      He will cut in December, bc the labour market is weak.
      On the top of that DJT wants 0% interest rate ASAP,
      and Jerome has to deliver or hit the road?
      DJT has someone already lined up for Feds job, so
      do what I want or else?
      This is not a joke , this is coming?

    • @kinpatu
      @kinpatu 5 дней назад +1

      Because groceries are so cheap?😂

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  • @LamarPassmore
    @LamarPassmore 5 дней назад +1

    The public's blind trust

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  • @lakeguy65616
    @lakeguy65616 5 дней назад +1

    "as expected"? Are the "expected" numbers published anywhere BEFORE the data is released? Something tells me this is just "spin"...

    • @giarc1988
      @giarc1988 5 дней назад +2

      They are published all over the place. The expectations are based on calculations done by private institutions using their data. PCE is very easy to calculate because the formula is so heavily based on CPI and PPI combined, once they are published you can derive PCE easily

    • @lakeguy65616
      @lakeguy65616 5 дней назад

      @@giarc1988 Please share where I can find the "expected' economic numbers. Is there a consensus of expectations?

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  • @harrychu650
    @harrychu650 5 дней назад +5

    This Bidenomics has been a complete disaster.