INFLATION--FED announces 0.50% interest rate cut

[ViperHorn]

By the way, an online calculator of current inflation (with lags are removed such as housing rents) show inflation at 2%.

does it include energy and food? The real calculation (not something I read on the internet or produced by the dems) is 16% since January 2021.

Also, retirement COLA's are rearward facing - i.e. they never catch up with inflation.

 

[mchammer]

does it include energy and food? The real calculation (not something I read on the internet or produced by the dems) is 16% since January 2021.

Also, retirement COLA's are rearward facing - i.e. they never catch up with inflation.

It would be inflation in July over June, then annualized (multiplied by 12).

 

[mchammer]

does it include energy and food? The real calculation (not something I read on the internet or produced by the dems) is 16% since January 2021.

Also, retirement COLA's are rearward facing - i.e. they never catch up with inflation.

January, 2021 is 2.5 years ago. We are talking today.

 

[mchammer]

does it include energy and food? The real calculation (not something I read on the internet or produced by the dems) is 16% since January 2021.

Also, retirement COLA's are rearward facing - i.e. they never catch up with inflation.

Retirement was good while it lasted. Back to the salt mines!

 

[Run Pincher]

Good point. I am thinking about what I can do until I die.

As long as someone will help me drag my bed into Wal Mart I can be a greeter.

 

[ViperHorn]

It would be inflation in July over June, then annualized (multiplied by 12).

The 2% is included in the 16%. (It cannot be July as July still has 8 days left. It is June over May.) Anyway, gas is up 12.34% over the period 01 May to 21 July (covers the 2% inflation period).

 

[mchammer]

The 2% is included in the 16%. (It cannot be July as July still has 8 days left. It is June over May.) Anyway, gas is up 12.34% over the period 01 May to 21 July (covers the 2% inflation period).

It’s calculated daily - called real time inflation (annualized).

 

[ViperHorn]

16% is the comparative number. You can make up any calculation you want, but 16% is the REAL number since January of 2021.

 

[mchammer]

16% is the comparative number. You can make up any calculation you want, but 16% is the REAL number since January of 2021.

That may be true but inflation is reported on an annualized basis - always has. Regardless, people base their investment decisions on today’s information - not from 2021!

 

[HornHuskerDad]

inflation at 2%

If anyone believes that, please contact me - I want to sell you some prime ocean-front property in Oklahoma.

 

[mchammer]

If anyone believes that, please contact me - I want to sell you some prime ocean-front property in Oklahoma.

Past is irrelevant, I am talking about future inflation.

 

[nashhorn]

Past is irrelevant

Hahahahaha, now that’s a good one.

 

[ViperHorn]

Past is irrelevant, I am talking about future inflation.

The future will be the same unless someone with a lick of sense takes over.

 

[Facing Addiction]

 

[LonghornCatholic]

 

[mchammer]

Home prices falling:

 

[nashhorn]

Ha, given the insane rise in prices the previous 12 months that reduction should surprise no one.

 

[Chop]

https://www.cnbc.com/2023/07/26/fed-meeting-july-2023-.html

The Fed just hiked the interest rate another quarter point to fight inflation.

• The Federal Reserve approved a much-anticipated interest rate hike that takes benchmark borrowing costs to their highest level in more than 22 years.
• The quarter percentage point increase will bring the fed funds rate to a target range of 5.25%-5.5%
• While policymakers indicated at the June meeting that two rate hikes are coming this year, markets are pricing in a better-than-even chance that there won’t be any more moves this year.
• Chair Jerome Powell said the central bank will make data-driven decisions on a “meeting-by-meeting” basis.

The Fed ain't fooling around. They're out to stop this inflation, and keep it stopped, even if a (mildish) recession results.

 

[Sangre Naranjada]

Banxico, central bank, Banco de México

Meanwhile, South of the Border, Mexico has jacked its interest rate up to 11.25% and holding...

The head of Mexico's Central Bank, Victoria Rodriguez Ceja

Are you attempting to imply that she could jack your interest rate up any time she wanted?

 

[Monahorns]

Viva el Powell!

 

[Horn2RunAgain]

Are you attempting to imply that she could jack your interest rate up any time she wanted?

Si, senor

 

[mchammer]

Are you attempting to imply that she could jack your interest rate up any time she wanted?

This is why economists are so scared of deflation.

 

[mchammer]

Are you attempting to imply that she could jack your interest rate up any time she wanted?

Some folks may need a stimulus keep it up.

 

[Horn2RunAgain]

Fed Interest rates = almost up to 6. Just sayin..

 

[mchammer]

Fed's Favorite Inflation Indicator Tumbled In June, But Wage Growth Reaccelerated | ZeroHedge

In latest report, headline inflation down to 3.0% and wages are up:

• June Private wages and salaries +5.9%, up from 5.8%, and the highest since Oct 2022

 

[ViperHorn]

Fed's Favorite Inflation Indicator Tumbled In June, But Wage Growth Reaccelerated | ZeroHedge

In latest report, headline inflation down to 3.0% and wages are up:

• June Private wages and salaries +5.9%, up from 5.8%, and the highest since Oct 2022

Hopefully, you really don't believe about any economic data is put out by the US Government (by either party). Check the grocery store and the gas station will tell you everything you need to know.

 

[nashhorn]

I’m getting dizzy from all the ways to measure inflation. All I know is everything costs me more and I stay pissed, not good for my heart.

 

[mchammer]

Hopefully, you really don't believe about any economic data is put out by the US Government (by either party). Check the grocery store and the gas station will tell you everything you need to know.

Inflation and high prices are not the same. You can have high prices from past inflation and low inflation now. Again they are not the same.

 

[mb227]

Local station went up 26 cents and another dime a day later...36 cents in two days.

 

[Mr. Deez]

I'm paying $4.43 per gallon, so cry me a friggin' river. lol