Author Topic: Core inflation ticks up, with PCE report showing prices rising faster than economists had forecast  (Read 8170 times)

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Online kevindavis007

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The core personal consumption expenditures (PCE) price index, the Federal Reserve's preferred inflation measure, ticked up last month, rising more than economists had forecast and signaling that price hikes remain stubbornly elevated.
Inflation yardsticks such as the PCE index and the Consumer Price Index measure the change in prices over time of a typical basket of goods and services.By the numbersThe core PCE, which excludes volatile fuel and food prices, showed a 2.8% increase last month on an annual basis, versus a 2.6% annual increase in January, according to data released Friday by the Commerce Department.
Core inflation ticks up, with PCE report showing prices rising faster than economists had forecast - CBS News
Call me crazy, but maybe raising tariffs without the approval of Congress IS A BAD IDEA!
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Online jafo2010

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The UGLY TRUTH is that inflation was not brought under control by Wrecking Ball Joe and his horde of traitors.  To the contrary.

Trump sadly is doing the same nonsense the Biden Cabal did, telling false stories to dress up reality.  My recent visits to the grocery store have prices going up, not down.  And for eggs in particular, which are few on the shelf, they are UP!!!!!!!!!

Gasoline, largely has maintained the same price that existed on election day for most stations.  There is the few that have some lower prices, based on a cash purchase.  Perhaps it is different in other parts of the country, but here in Georgia, prices/cost has not gone down.  And let me add, I didn't expect it to go down in two months after Trump taking office, but I would hope to see some movement 6-9 months after he is in office.

I do not expect to see interest rate cuts this year, not if they are being honest about it all, and in fact, a rate increase is probably called for if inflation numbers do  not start to decline in earnest.

I do have comfort knowing that one year from now, I expect things to improve financially for people in the USA.  I expect Trump will produce a result with the war in Europe too by then.  And it will have some economic impact for the world.

Offline Fishrrman

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Get crude oil prices down.

Then... the prices of everything else will start creeping down.

After 1973, the fundamental laws of economics were forcibly changed.
The price of oil has become the "fuel of inflation".
Anyone who lived through the first arab oil embargo ought to be able to understand this.

Offline DefiantMassRINO

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You need to make structural changes to the economy, regulatory regime, and supply chain management if you want to get inflation under control.

You need greater efficiencies and proficiencies to grow GDP while reducing the cost of living.
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