US Economy: Core PCE Rises 0.3% in March
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- Опубликовано: 25 апр 2024
- The core personal consumption expenditures price index, the Federal Reserve’s preferred gauge of underlying inflation, rose 0.3% in March, reinforcing concerns of persistent price pressures. Michael McKee breaks down the numbers on Bloomberg Television.
For more on this story, please see: www.bloomberg.com/news/articl...
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Annualized inflation is heading to 4% 😮
Wait until it is revised and it is closer to 1%.
A always wait for revisions on all the numbers. And the norm is almost always higher because the gov tries to paint the roses picture. Because most don’t pay attention to the revisions Look how they came out with the recession the starting of it in the fall of 2008. I waited for that revision because I knew it was B.S. Then they revised it back to 2007.
When do the revisions come out ?
It's only 0.3%. I feel so much better now.
Let’s go Brandon!!
Stagflation on the horizon ?
If you even believe any government metric…
Well the metrics come from BLS which is actually managed by Congress so that is Republican controlled.
.3 😂😂😂
So why is the credit card debit so high if they are receiving higher wages? This question was asked to the chief treasurer in the UK, you guys should see her response it was hilarious.
@@Gus_Magnus well the govt will force the fed on it, so there is no hope. Try looking into bidenomics, inflation reduction act, student loan forgiveness and many more. The M1 money supply will only increase as there is no revenue to run just the govt and needs to borrow (print) more. Even the excess bonds are bought by the fed, calculate how much amount the money is printed and think about will the inflation reduce?
@@Gus_Magnus The only way to fix things is to go back to a gold standard. History is very clear on how debt based fiat currencies end .. without exception.
Higher debt also means people have confidence to borrow, actually when the economy is bad people pay off debt like after 2008 to 2012 or 2013 and 2020-2022 there was a major collapse of debt as Americans stopped buying stuff and paid off debts. The FED goal here is to lower inflation without killing the economy, they went from 9% down to 3% and are now fighting to get to 2% but they won't get to there without causing some form of damage so we shall see. Also UK and Europe are getting ready to cut rates in a few months we shall see how this plays out.
@@Gus_Magnus Like what first world benefits?
@@drscopeify The Fed has also come out with a report showing credit card debt and defaults are the highest in history. Hardly a sign of a strong economy.
rates about to get raised
2.8% PCE Inflation isnt bad - 2018 saw cumulative inflation at 2.5% and the world didn't end then.
And how much has total debt risen since 2018? And the world never ends, just debt based fiat currencies. Which is common throughout history. They always end badly.
@@ace9840 Everyone needs fiat. USD bullish.
@@iggydc8034 True, And hows that been working out for the majority?
@@ace9840 So far great especially for millionaires and billionaires. And normal average people. USD remains bullish and it remains a fiat currency. Not replacable and never will be.
@@iggydc8034 If thats what you came up with after years and thousands of hours of research go with that. I agree with the millionaires and billionaires, especially since the mid eighties. But disagree with the rest.
1 lb of fat = 2400 calories which means an extra lb of bodyweight every 5 days over a unprocessed diet ... Then you see how 80 % are overweight !
Government/democrap borrow and spend moves forward.
Maybe when you come off the sugar rush trillion dollars every 100 days, you will see the deflation.
Unless rates drop to zero there will be a fiscal wall. Otherwise the fed will monetize the debt if other nations dont gobble up their T's.
Greatest economy, Inflation not in check yet. Need to raise the min wage to 16 dollars so we are back to 1968 buying power for people at the lower end can catch up with everyone else. Vote Blue up and down the ballot to keep our Democracy..... My 401k and IRA' s are at all time highs. This economy is really working for me...l.
Indeed economy is high because of government spending with Inflation Reduction Act, which i’m in favour actually because of old infrastructure. But indeed too much printing and there is too much money out there so inflation is too high. What makes democracy good is changing of government, albeit Trump is sheit , but Biden is quite old , but they are the face of US democracy the “gringos” . Curious times indeed
@@Gus_Magnus The guy is delusional no point in even responding to them!