Inflation drops to 5 percent

C

Cypress

Well-known member
U.S. Inflation Eased to 5% in March
CPI increase cooled to lowest level in nearly two years

U.S. inflation eased in March to its lowest level in nearly two years, but underlying price pressures likely keep the door open for the Federal Reserve to consider another interest-rate increase at its May meeting

https://www.wsj.com/articles/us-inflation-march-2023-consumer-price-index-fa6eba99

Consumer prices rose at the slowest pace since May 2021 as inflation showed further signs of easing in March, according to the latest data from the Bureau of Labor Statistics released Wednesday morning.

The Consumer Price Index (CPI) revealed headline inflation rose 0.1% over last month and 5.0% over the prior year in March, a slowdown from February's 0.4% month-over-month increase and 6% annual gain.

Both measures were slightly better than economist forecasts of a 0.2% month-over-month increase and 5.1% annual increase, according to data from Bloomberg.

https://finance.yahoo.com/news/inflation-cpi-march-april-12-2023-172921113.html
 
Cypress said:
Two and a half years ago, Trump practically guaranteed that if Americans dared to vote for Biden, we would have an unprecedented economic depression of apocalyptic proportions.
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And Reichwing media and its stooges and followers have been bleating about it ever since. Have you noticed the escalation in grievance rhetoric lately? I think it's because the "The economic sky is falling!" message has lost a lot of its luster. Hence shit like this:

Missouri House Republicans voted to defund all of the state’s public libraries, in a proposed $45.6 billion state budget that will soon move to a vote in the GOP-controlled state Senate.

The Missouri House debated for over eight hours last Tuesday on a budget that is roughly $2 billion less than the one Gov. Mike Parson (R) proposed last January, cutting not only the $4.5 million Parson had slated for libraries, but also costs for diversity initiatives, childcare and pre-kindergarten programs.

Missouri House budget committee leader Rep. Cody Smith (R-Carthage) proposed cutting library aid due to a recent lawsuit filed against the state last February.

The lawsuit — filed by the ACLU of Missouri on behalf of the Missouri Association of School Librarians and the Missouri Library Association — seeks to declare Senate Bill 775 unconstitutional, a bill that has resulted in over 300 books getting banned from school libraries, many of which include LGBTQ characters or racial justice themes.
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This is clearly political grievance politics, as Missouri currently has a $6 BILLION budget surplus.
 
Cypress said:
Two and a half years ago, Trump practically guaranteed that if Americans dared to vote for Biden, we would have an unprecedented economic depression of apocalyptic proportions.
Click to expand...

He also claimed that Biden would not make it to the last election day due to his dementia.
 
I recession is looking less likely. We have been able to greatly reduce inflation, without causing a recession. Because inflation is delayed by many months, they want to be careful not to overshoot. That means not too many more rate hikes.

I never would have thought we would see an economy so strong that a massive reduction of inflation would not cause even a slight recession, but we may be witnessing just that.
 
Walt said:
I recession is looking less likely. We have been able to greatly reduce inflation, without causing a recession. Because inflation is delayed by many months, they want to be careful not to overshoot. That means not too many more rate hikes.

I never would have thought we would see an economy so strong that a massive reduction of inflation would not cause even a slight recession, but we may be witnessing just that.
Click to expand...

I had the impression the Fed almost needed to induce a recession to roll back inflationary pressures
 
See what real economic knowledge can produce


The bet wealthy hate a well managed economy


They crave boom and bust economies

We must never allow them to cause that pattern again
 
Cypress said:
I had the impression the Fed almost needed to induce a recession to roll back inflationary pressures
Click to expand...

You were under the correct impression. Almost always, the Fed needs to induce a recession to roll back inflation. It is an amazing statement about the strength of this economy that we might not need a recession, or at most a very slight recession....

Meanwhile the alt right is saying that we have a third of people unemployed, a depression worse than the Great Depression, and empty stores as people starve to death everywhere. None of that is my experience at this time. Is it yours?
 
Walt said:
You were under the correct impression. Almost always, the Fed needs to induce a recession to roll back inflation. It is an amazing statement about the strength of this economy that we might not need a recession, or at most a very slight recession....

Meanwhile the alt right is saying that we have a third of people unemployed, a depression worse than the Great Depression, and empty stores as people starve to death everywhere. None of that is my experience at this time. Is it yours?
Click to expand...

According to what Trump confidently predicted in 2020 should Americans dare to elect Biden, I assumed we'd all be lining up at soup kitchens by now, and dumpster driving for bottles and cans.
 
Cypress said:
U.S. Inflation Eased to 5% in March
CPI increase cooled to lowest level in nearly two years

U.S. inflation eased in March to its lowest level in nearly two years, but underlying price pressures likely keep the door open for the Federal Reserve to consider another interest-rate increase at its May meeting

https://www.wsj.com/articles/us-inflation-march-2023-consumer-price-index-fa6eba99

Consumer prices rose at the slowest pace since May 2021 as inflation showed further signs of easing in March, according to the latest data from the Bureau of Labor Statistics released Wednesday morning.

The Consumer Price Index (CPI) revealed headline inflation rose 0.1% over last month and 5.0% over the prior year in March, a slowdown from February's 0.4% month-over-month increase and 6% annual gain.

Both measures were slightly better than economist forecasts of a 0.2% month-over-month increase and 5.1% annual increase, according to data from Bloomberg.

https://finance.yahoo.com/news/inflation-cpi-march-april-12-2023-172921113.html
Click to expand...
GREAT!!!! Now it is only 3.5 TIMES as high as it was when Trump left office.
 
Cypress said:
According to what Trump confidently predicted in 2020 should Americans dare to elect Biden, I assumed we'd all be lining up at soup kitchens by now, and dumpster driving for bottles and cans.
Click to expand...

trump has very little economic knowledge. It is bizarre to see him comment on the economy.
 
Cypress said:
U.S. Inflation Eased to 5% in March
CPI increase cooled to lowest level in nearly two years

U.S. inflation eased in March to its lowest level in nearly two years, but underlying price pressures likely keep the door open for the Federal Reserve to consider another interest-rate increase at its May meeting

https://www.wsj.com/articles/us-inflation-march-2023-consumer-price-index-fa6eba99

Consumer prices rose at the slowest pace since May 2021 as inflation showed further signs of easing in March, according to the latest data from the Bureau of Labor Statistics released Wednesday morning.

The Consumer Price Index (CPI) revealed headline inflation rose 0.1% over last month and 5.0% over the prior year in March, a slowdown from February's 0.4% month-over-month increase and 6% annual gain.

Both measures were slightly better than economist forecasts of a 0.2% month-over-month increase and 5.1% annual increase, according to data from Bloomberg.

https://finance.yahoo.com/news/inflation-cpi-march-april-12-2023-172921113.html
Click to expand...

IT did NOT DROP; IT GREW AT A SOMEWHAT SLOWER RATE.


WHY FUCKING LIE?
 
Cypress said:
U.S. Inflation Eased to 5% in March
CPI increase cooled to lowest level in nearly two years

U.S. inflation eased in March to its lowest level in nearly two years, but underlying price pressures likely keep the door open for the Federal Reserve to consider another interest-rate increase at its May meeting

https://www.wsj.com/articles/us-inflation-march-2023-consumer-price-index-fa6eba99

Consumer prices rose at the slowest pace since May 2021 as inflation showed further signs of easing in March, according to the latest data from the Bureau of Labor Statistics released Wednesday morning.

The Consumer Price Index (CPI) revealed headline inflation rose 0.1% over last month and 5.0% over the prior year in March, a slowdown from February's 0.4% month-over-month increase and 6% annual gain.

Both measures were slightly better than economist forecasts of a 0.2% month-over-month increase and 5.1% annual increase, according to data from Bloomberg.

https://finance.yahoo.com/news/inflation-cpi-march-april-12-2023-172921113.html
Click to expand...

You should add MAGA wets panties to the title
 
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