Inflation easing considerably

F

floridafan

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Consumers grew more optimistic about inflation in November amid expectations that both food and energy price increases would be less severe in the coming year, according to a New York Federal Reserve survey released Monday.

The central bank’s Survey of Consumer Expectations indicated that respondents see one-year inflation running at a 5.2% pace, down 0.7 percentage point from the October reading.

That’s the lowest level for that reading since August 2021 — the early days of the inflation surge that has gripped the economy and pushed the Fed into a series of aggressive interest rate hikes that is likely to continue this week. The most recent annual inflation rate as gauged by the consumer price index was 7.7% in October.

In addition to the brightened short-term outlook, the inflation-rate projection for three years from now edged lower to 3%, down 0.1 percentage point from the previous month. A relatively new data series reflecting the five-year outlook declined by the same level, to 2.3%.
 
Wise economic management works


It has done so every time it’s done



Republicans don’t use math to do economics


Math always proves them wrong


So they will ignore these numbers and just lie and say it’s worse



The Republican Party needs to die for this nation to heal
 
floridafan said:
Consumers grew more optimistic about inflation in November amid expectations that both food and energy price increases would be less severe in the coming year, according to a New York Federal Reserve survey released Monday.

The central bank’s Survey of Consumer Expectations indicated that respondents see one-year inflation running at a 5.2% pace, down 0.7 percentage point from the October reading.

That’s the lowest level for that reading since August 2021 — the early days of the inflation surge that has gripped the economy and pushed the Fed into a series of aggressive interest rate hikes that is likely to continue this week. The most recent annual inflation rate as gauged by the consumer price index was 7.7% in October.

In addition to the brightened short-term outlook, the inflation-rate projection for three years from now edged lower to 3%, down 0.1 percentage point from the previous month. A relatively new data series reflecting the five-year outlook declined by the same level, to 2.3%.
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Well, the Mid-Term election is over yanno? :laugh:
 
Hawkeye10 said:
Recessions/Depressions tend to do that.
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You assholes sure know how to make them


But the Democratic Party always has to fix these messes the republicans make of the economy with their constant deregulation and corporate tax cuts
 
evince said:
You assholes sure know how to make them


But the Democratic Party always has to fix these messes the republicans make of the economy with their constant deregulation and corporate tax cuts
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There is only one of me, and I am not a Republican, I am politically homeless..
 
The entire American right does the Austrian school of economics


It’s the short bus school of economics


They don’t think math belongs in doing economics
 
floridafan said:
Consumers grew more optimistic about inflation in November amid expectations that both food and energy price increases would be less severe in the coming year, according to a New York Federal Reserve survey released Monday.

The central bank’s Survey of Consumer Expectations indicated that respondents see one-year inflation running at a 5.2% pace, down 0.7 percentage point from the October reading.

That’s the lowest level for that reading since August 2021 — the early days of the inflation surge that has gripped the economy and pushed the Fed into a series of aggressive interest rate hikes that is likely to continue this week. The most recent annual inflation rate as gauged by the consumer price index was 7.7% in October.

In addition to the brightened short-term outlook, the inflation-rate projection for three years from now edged lower to 3%, down 0.1 percentage point from the previous month. A relatively new data series reflecting the five-year outlook declined by the same level, to 2.3%.
Click to expand...

Bad news for the Republicans. They want the economy to fail so they can blame Biden. Republicans hate America and are terrified of their own brainless white supremacist voters.
 
I was reading that retailers did not order much for Christmas season, and they expect spending to be light and they want to offload their extensive inventories before the Recession/Depression really kicks in next year.
 
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