No. of Recommendations: 1
Overall inflation eased to 2.4 percent in January from the same time last year. That was down from the previous 2.7 percent annual pace.
“Core” inflation, which filters out volatile food and energy prices, ticked down to 2.5 percent on a year-over-year basis. It last stood at 2.6 percent.
Refreshing. Initially Trump was positing 100% tariffs on nearly everything, which caused grave concern on inflation. But he tacos, so we're not that bad.
"Inflation rose significantly during the Biden administration due to a complex, global confluence of factors, primarily rooted in the aftermath of the COVID-19 pandemic, followed by supply chain disruptions, the war in Ukraine, and massive, bipartisan, pandemic-era fiscal stimulus."
So we don't know how to handle pandemics well over stimulated, and bird flu hitting eggs.
No. of Recommendations: 0
You people need to understand....
3% is the new normal.
OR....
If you're fortunate enough that "AI" combined with your shitty culture.....decimates your jobs in a cinematic way----then you'll have much less inflation.
Isn't it a cool choice?
No. of Recommendations: 4
Dope1: Overall inflation eased to 2.4 percent in January from the same time last year. That was down from the previous 2.7 percent annual pace.
Oops.
The headline PCE index was +0.36% in December (4.4% annualized rate), and October and November figures were revised up slightly pushing 12-month inflation to 2.9%, the highest reading in more than a year.
Gross domestic produce rose at an annualized rate of just 1.4%, according to the Commerce Department, well below the Dow Jones estimate for a 2.5% gain.
