Posted on 02/29/2024 6:34:25 AM PST by ChicagoConservative27
Inflation and personal incomes rose in January, according to federal data released Thursday, another sign of economic strength that could delay long-anticipated interest rate cuts.
The personal consumption expenditures (PCE) price index, the Federal Reserve’s preferred gauge of inflation, rose 0.3 percent in January and 2.4 percent over the past 12 months.
Monthly inflation picked up slightly from December, when the PCE index rose 0.1 percent, even as the annual inflation rate fell from 2.6 percent in the final month of 2023.
Inflation without volatilte food and energy prices, known as “core” inflation, sped up to 0.4 percent gain in January after rising 0.2 percent in December. Annual core inflation fell to 2.8 percent last month from 2.9 percent in December.
(Excerpt) Read more at thehill.com ...
The notion that the Fed would cut rates while the stock market is at nosebleed levels is....
lol territory.
“Incomes rose”....Huh? This doesn’t mean $hit!!! I have to be blunt because business sucks-—it’s the worst I’ve ever seen it in 35 years. My wife had to get a second job and I have a second job as well but we’re barely getting by. Why is that? Because everything is so damn expensive. I’m tired of hearing this same old BS——My in-laws repeat this crap verbatim because they’re either retired or work for the government. Something has to change because it’s getting worse...
You have to feel sorry for the Fed. They have some tough choices ahead of them. Inflation is upsetting the voters. But so are high interest rates.
So how can the (Deep State) Fed best rig system to get Biden back in the White House?
How? Easily.
Merely ramp up the "good-times" narrative in the legacy MSM so as to watch the sheeple drool, smile and vote for China Joe "Potato Head" Biden.
We are drifting into third world territory where there are really two economies.
Government and government subsidized sectors prosper—while the rest of the economy goes into the toilet.
When you combine the apples and the oranges you just get meaningless statistics.
Dominion knows!
One has to figure in the election year factor. The Fed does not want to rock the boat in any significant way, lest they they be perceived as affecting the elections. Their goal will be just to keep everything stable. Spin the data to put the best face on it. Expect minimal change for the rest of the year, even though there will be a price to pay next year.
The inflation calculations don’t include the cost of government.
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