Inflation down to 2.2%, paving the way for more Fed interest rate cuts

[Cypress]

Inflation cooled last month, paving way for borrowing costs to come down more​

The Fed’s favorite inflation gauge, the Personal Consumption Expenditures price index, showed consumers paid 2.2% more for goods and services for the year ended in August, versus 2.5% in July. This marks another step closer toward the Fed’s 2% inflation target, as well as the lowest inflation rate seen since February 2021, when inflation clocked in at 1.9%.

The annual increase was below the 2.3% rate economists projected, according to FactSet consensus estimates. On a monthly basis, prices rose 0.1% in August versus the 0.2% increase in July, matching estimates.

The progress seen in recent months — with inflation getting closer to 2% as well as cooling labor market conditions — pushed central bankers to cut rates by an unusually large half point earlier this month instead of the more traditional quarter-point move. Friday’s inflation report signals that another big cut that helps alleviate borrowing costs for Americans may be on its way.

https://www.cnn.com/2024/09/27/economy/us-pce-inflation-august/index.html

 

[ExpressLane]

Inflation cooled last month, paving way for borrowing costs to come down more​

The Fed’s favorite inflation gauge, the Personal Consumption Expenditures price index, showed consumers paid 2.2% more for goods and services for the year ended in August, versus 2.5% in July. This marks another step closer toward the Fed’s 2% inflation target, as well as the lowest inflation rate seen since February 2021, when inflation clocked in at 1.9%.

The annual increase was below the 2.3% rate economists projected, according to FactSet consensus estimates. On a monthly basis, prices rose 0.1% in August versus the 0.2% increase in July, matching estimates.

The progress seen in recent months — with inflation getting closer to 2% as well as cooling labor market conditions — pushed central bankers to cut rates by an unusually large half point earlier this month instead of the more traditional quarter-point move. Friday’s inflation report signals that another big cut that helps alleviate borrowing costs for Americans may be on its way.

https://www.cnn.com/2024/09/27/economy/us-pce-inflation-august/index.html

And unemployment increased . BTW: things cost ~20% more than when Biden/HARRIS took office. Housing costs and mortgage rates are so high that new homes are un-affordable for most people.

 

[Yakuda]

Inflation cooled last month, paving way for borrowing costs to come down more​

The Fed’s favorite inflation gauge, the Personal Consumption Expenditures price index, showed consumers paid 2.2% more for goods and services for the year ended in August, versus 2.5% in July. This marks another step closer toward the Fed’s 2% inflation target, as well as the lowest inflation rate seen since February 2021, when inflation clocked in at 1.9%.

The annual increase was below the 2.3% rate economists projected, according to FactSet consensus estimates. On a monthly basis, prices rose 0.1% in August versus the 0.2% increase in July, matching estimates.

The progress seen in recent months — with inflation getting closer to 2% as well as cooling labor market conditions — pushed central bankers to cut rates by an unusually large half point earlier this month instead of the more traditional quarter-point move. Friday’s inflation report signals that another big cut that helps alleviate borrowing costs for Americans may be on its way.

https://www.cnn.com/2024/09/27/economy/us-pce-inflation-august/index.html

Notice trump versus biden

U.S. Inflation Rate by President: From Eisenhower to Biden

Here are the average year-over-year inflation rates by president, and the events and economic conditions that contributed to them.

www.investopedia.com

 

[Tbird19482]

Notice trump versus biden

U.S. Inflation Rate by President: From Eisenhower to Biden

Here are the average year-over-year inflation rates by president, and the events and economic conditions that contributed to them.

www.investopedia.com

AND did you notice the economy Trump was given compared to what Biden was given.
And it was okay with you to blame Trumps mess on COVID but when it comes to Biden we don't hear a word out of you about that do you?
Have a nice day

 

[Yakuda]

AND did you notice the economy Trump was given compared to what Biden was given.
And it was okay with you to blame Trumps mess on COVID but when it comes to Biden we don't hear a word out of you about that do you?
Have a nice day

What was the inflation rate the day Brandon took office? Under trump the inflation rate when up % .5. How fucking stupid do you want to be?

 

[Tbird19482]

What was the inflation rate the day Brandon took office?

I don't give a FUCK.
COVID was running wild and issuing COVID relief checks helped spur it on.
Have a nice day

 

[Yakuda]

I don't give a FUCK.
COVID was running wild and issuing COVID relief checks helped spur it on.
Have a nice day

I know you dont give a fuck because it doesnt fit the narrative they tell you to parrot.

Who decided to shut down the entire fucking economy during covid asshole? Ar least you're proud of your stupidity I'll give you that.

 

[Cypress]

And unemployment increased . BTW: things cost ~20% more than when Biden/HARRIS took office. Housing costs and mortgage rates are so high that new homes are un-affordable for most people.

When Trump left office, there were three million fewer jobs in America than the day he entered office.

When Trump left office, unemployment was still near 7 percent.

 

[Tbird19482]

I know you dont give a fuck because it doesnt fit the narrative they tell you to parrot.

Who decided to shut down the entire fucking economy during covid asshole? Ar least you're proud of your stupidity I'll give you that.

NO SHIT ASSHOLE.
AGAIN may be IF Trump had been a leader and not a massive LIAR and NOT have put out confusing. conflicting , distorted LIES the Mayor and Governors of the northeast states may have had an idea what to do when COVID hit their states real hard, but NO he mislead everybody in the USA.
Remember it was going to be gone in a few days, or how about it is only 10 or 15 people nothing to worry about?
And when that ONE woman came in from the EU with it and in less then a month there were OVER 79,000 people in New York CITY alone had it they had to figure out what was the best thing to do to try and stem it from spreading so they decided to shut things down and try to get people to keep some distance between themselves.
And as for the number of cases and deaths in NY most of them came in the first month or so before anybody knew what to do, and it turned out they had less cases and deaths then a lot of states that didn't distance themselves.
Have a nice day ASSHOLE

 

[Tbird19482]

When Trump left office, there were three million fewer jobs in America than the day he entered office.

When Trump left office, unemployment was still near 7 percent.

You do know he is going to blame it all on the shut downs.
I guess having more people get it and dying would have been better then shutting things down in their eyes.
have a nice day

 

[Cypress]

You do know he is going to blame it all on the shut downs.
I guess having more people get it and dying would have been better then shutting things down in their eyes.
have a nice day

Nope, they can't blame the Trump economy on COVID unless and until they accept that the post-COVID recovery also fueled inflation around the world.

 

[Yakuda]

NO SHIT ASSHOLE.
AGAIN may be IF Trump had been a leader and not a massive LIAR and NOT have put out confusing. conflicting , distorted LIES the Mayor and Governors of the northeast states may have had an idea what to do when COVID hit their states real hard, but NO he mislead everybody in the USA.
Remember it was going to be gone in a few days, or how about it is only 10 or 15 people nothing to worry about?
And when that ONE woman came in from the EU with it and in less then a month there were OVER 79,000 people in New York CITY alone had it they had to figure out what was the best thing to do to try and stem it from spreading so they decided to shut things down and try to get people to keep some distance between themselves.
And as for the number of cases and deaths in NY most of them came in the first month or so before anybody knew what to do, and it turned out they had less cases and deaths then a lot of states that didn't distance themselves.
Have a nice day ASSHOLE

So trump gets an economy from Obama with an inflation rate of 1.4% and trump then hands on an economy to Biden with an inflation rate of 1.9% but it's trumps fault that the inflation ballooned to over 5%? And then biden shuts down the entire fucking economy but that's trumps fault too. You're a fucking idiot.

 

[BartenderElite]

And unemployment increased . BTW: things cost ~20% more than when Biden/HARRIS took office. Housing costs and mortgage rates are so high that new homes are un-affordable for most people.

Sounds like some panic there.

 

[Yakuda]

Sounds like some panic there.

Apparently Ignorance is bliss ^^^^^^^^^^

 

[Concart]

What was the inflation rate the day Brandon took office? Under trump the inflation rate when up % .5. How fucking stupid do you want to be?

ROTFLMFAO!!! Say what? Are we just making up numbers this morning? Where in the blue fuck did you get that stupid bullshit statistics.

Current US Inflation Rates: 2000-2024

The annual inflation rate for the United States was 2.5% for the 12 months ending August, compared to the previous rate increase of 2.9%, according to U.S. Labor Department data published on September 11, 2024. The next inflation update is scheduled for release on October 10 at 8:30 a.m. ET...

www.usinflationcalculator.com

Inflation went up almost 8% under Trump. And he benefited in 2020 from Covid, or it would have been more. That's about where you want to be, and about where we are now, very close to 2 percent annually. The fucking dumb shit you believe is just bizarre. It's so easily disproven that I have no idea why you would try to get it past anyone, much less me.

 

[Yakuda]

ROTFLMFAO!!! Say what? Are we just making up numbers this morning? Where in the blue fuck did you get that stupid bullshit statistics.

Current US Inflation Rates: 2000-2024

The annual inflation rate for the United States was 2.5% for the 12 months ending August, compared to the previous rate increase of 2.9%, according to U.S. Labor Department data published on September 11, 2024. The next inflation update is scheduled for release on October 10 at 8:30 a.m. ET...

www.usinflationcalculator.com

Inflation went up almost 8% under Trump. And he benefited in 2020 from Covid, or it would have been more. That's about where you want to be, and about where we are now, very close to 2 percent annually. The fucking dumb shit you believe is just bizarre. It's so easily disproven,

Look at the link shit stain. I'm tired of being nice you donkey fuckers

 

[Concart]

Look at the link shit stain. I'm tired of being nice you donkey fuckers

What the fuck are you talking about? It's from BLS statistics you fucking goddamn moron.

You were only off by 1600%. Not bad.

 

[Concart]

Nope, they can't blame the Trump economy on COVID unless and until they accept that the post-COVID recovery also fueled inflation around the world.

Exactly. Use Covid when it suits your purpose and advances your agenda. Ignore it when it doesn't. It's why an economic discussion is impossible on these boards. One side views every single thing that happens through a hyperpartisan lens. I think they would debate the direction in which the sun rises if Trump told them to. A poster here just literally denied an objective fact after I posted a link proving that objective fact. It's the donkey that claims Kevin Bacon wasn't in footloose. There is no point.

 

[Tbird19482]

Nope, they can't blame the Trump economy on COVID unless and until they accept that the post-COVID recovery also fueled inflation around the world.

Oh but they do.
COVID caused the economy to crash under Trump but in their little minds it had NO effect on the economy after Biden took over.
It is ALL Biden's fault.
Have a nice day

 

[Concart]

Sounds like some panic there.

He neglects to mention that wages have increased at a faster pace than inflation. Because that is an inconvenient truth. It is what it is. The economy is in absolutely great shape, and Trump paints this dystopian picture of life in America. Voters are not buying. It's become more obvious with each passing day.