"Inflation is coming down"

[Terrel L. Shields]

View attachment 92888

We are far from out of the woods on inflation
from WSJ
The Labor Department on Wednesday reported that consumer prices in October rose 2.6% from a year earlier. That marks a pickup in the pace of inflation from September, when prices were up 2.4% on the year.

Core prices, which exclude food and energy items in an effort to better reflect inflation’s underlying trend, were up 3.3% from a year earlier.

 

[Elliott]

Powell is famous for saying the Fed is 'data dependent.' So they reduced the bank rate 0.75% (claimed inflation was meeting their 2% goal) and the result has been the Ten Year Treasury and Mortgage rates have gone up from 3.6% to 4.4% and 6% to 6.8%. So far, the Fed has only proven the Law of Unintended Consequences. I doubt the Fed knows how to put the genie back in the bottle after it was responsible for letting it out and letting Yellen finance US debt on a Visa card.

 

[alebrewer]

We are far from out of the woods on inflation
from WSJ
The Labor Department on Wednesday reported that consumer prices in October rose 2.6% from a year earlier. That marks a pickup in the pace of inflation from September, when prices were up 2.4% on the year.

Core prices, which exclude food and energy items in an effort to better reflect inflation’s underlying trend, were up 3.3% from a year earlier.

And that's just what they tell you. Multiply that by at least 2 to get a more realistic picture.

 

[Fernando]

For years interest rates were kept low by the FED during the Great Recession. I got less than 1% on my savings. Ugh.
We always wondered the day of reckoning when we had to pay the piper. Nothing is free.
And the high interest rate we're experiencing is payback time to the economy. Shouldn't be surprise.

 

[Charles West]

Powell said today he isn't in any hurry to lower rates again as the PPI came in hot, a tacit admission that he blundered dropping rates in the first place.

 

[Joe Flacco]

This is where rates are stalling out. Wouldn't be surprised if it starts moving back lower this week.

 

[Joe Flacco]

Big picture remains like this. As long as it remains above the moving average, the long term trend is higher. It probably stays between the 2023 high and the moving average for several years before continuing higher.

 

[Joe Flacco]

wrong thread

 

[Terrel L. Shields]

 

[OSU Beavers]