9.1% Inflation (link)...

[AgEngDawg]

Consumer Price Index Summary - 2022 M06 Results

www.bls.gov

 

[AgEngDawg]

 

[shiv]

I was about to come post this. Rate hikes aren’t slowing down anytime soon

 

[ChicagoFats]

a .75bps increase in the fed funds rate was a given before this number. Now a 1% increase at this months meeting has to be on the table.

This is what happens with liberal economic policies. Its devastating us all! Its raping your savings, crushing your 401k, and making everything you buy cost more. There are not many places to hide.

 

[BurntJ]

a .75bps increase in the fed funds rate was a given before this number. Now a 1% increase at this months meeting has to be on the table.

This is what happens with liberal economic policies. Its devastating us all! Its raping your savings, crushing your 401k, and making everything you buy cost more. There are not many places to hide.

Honestly they need to jump to 2.5% or more immediately to actually have any effect......but we know that wont happen. Hell, I expect at least 1 Dem to publicly call for stimulus to curb inflation...AGAIN.



These People Are Stupid......and hate America.

 

[Sgfeer]

a .75bps increase in the fed funds rate was a given before this number. Now a 1% increase at this months meeting has to be on the table.

This is what happens with liberal economic policies. Its devastating us all! Its raping your savings, crushing your 401k, and making everything you buy cost more. There are not many places to hide.

Chance for the chance of a 1% rate increase went from 14 to 43% chance right after the report came out

 

[ChicagoFats]

Chance for the chance of a 1% rate increase went from 14 to 43% chance right after the report came out

This is pre-open. Expect it to fluctuate during the day.

This "soft landing" isn't looking so soft

 

[AgEngDawg]

Just to break up the doom and gloom feelings:

 

[Rebarcock.]

a .75bps increase in the fed funds rate was a given before this number. Now a 1% increase at this months meeting has to be on the table.

This is what happens with liberal economic policies. Its devastating us all! Its raping your savings, crushing your 401k, and making everything you buy cost more. There are not many places to hide.

Younger people have no idea or recollection of peanut farmer running the country in to the dirt. They don't understand why Reagan is a Saint among the right.
CHYNA Joe is bringing the pain to the people he claims he represents

 

[Joe Kings]

Didnt need a report to tell me how bad it is. We living it.

 

[Rebarcock.]

I'm not so sure just raising interest rates will do it. May need to deregulate all raw material suppliers to get back to booming

 

[Sgfeer]

Even these ridiculously high inflation estimates were too low as June CPI comes in at a massive 9.1%.

Annual inflation
Gas +59%
Food +11%

With avg hourly earnings down 3.6%
Let’s Go Brandon

 

[ChicagoFats]

Just to break up the doom and gloom feelings:

Is that the whitehouse having a party?

 

[BurntJ]

Just to break up the doom and gloom feelings:

Thanks! awesome. I would be one of the ones that just lets fly 747 style!!

 

[quickfeet]

I though @BigBucnNole said inflation would be "transitory"

 

[American Deplorable]

Honestly they need to jump to 2.5% or more immediately to actually have any effect......but we know that wont happen. Hell, I expect at least 1 Dem to publicly call for stimulus to curb inflation...AGAIN.



These People Are Stupid......and hate America.

Democrats and the MSM have been talking about backing off the rate hikes so as not to collapse the job market.

They are openly stating that dealing with the inflation for the next 2-3 years would be better than hiking the rates farther and collapsing the job market.

 

[ChicagoFats]

50-50 chance of 100bps hike at next meeting

 

[TopHook]

Honestly they need to jump to 2.5% or more immediately to actually have any effect......but we know that wont happen. Hell, I expect at least 1 Dem to publicly call for stimulus to curb inflation...AGAIN.



These People Are Stupid......and hate America.

Australia just did that.

 

[AgEngDawg]

Thanks! awesome. I would be one of the ones that just lets fly 747 style!!

LOL. Those fuckers know how to have a good time don't they? Amazing animals.

 

[ChicagoFats]

62% chance of a 100 bps rate increase. Up from a 7% chance prior to the CPI number being released

 

[Hoppo]

I'm not so sure just raising interest rates will do it. May need to deregulate all raw material suppliers to get back to booming

This is really where the attention needs to be focused. Productivity enables cheap money without inflationary consequences. This presidential administration is too inept to know what their predecessors did.

 

[ChicagoFats]

Probabilities before the PPI number about to be released in a minute.

 

[American Deplorable]

 

[shiv]

 

[hmt5000]

I saw some analyst predicting 13% by year end. This new bill will make it go past that by next summer. I just don't see how you can't be doom and gloom right now.

 

[ChicagoFats]

I saw some analyst predicting 13% by year end. This new bill will make it go past that by next summer. I just don't see how you can't be doom and gloom right now.

Next Fridays CPI number is going to be interesting. Many people thought CPI peaked last reading at ~9.1% but then the jobs number came in super hot which one could make the case would increase the CPI.

 

[ChicagoFats]

Inflation was expected to come in lower on this mornings CPI report due to gas prices having "dropped" since the last cpi reading. However, the actual CPI number came in higher, and much higher than expected, and the market as a whole immediately sold off ~3.25%

Thanks Biden.

Inflation is a tougher fight than most anticipated.

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[Hoppo]

Inflation was expected to come in lower on this mornings CPI report due to gas prices having "dropped" since the last cpi reading. However, the actual CPI number came in higher, and much higher than expected, and the market as a whole immediately sold off ~3.25%

Thanks Biden.

Inflation is a tougher fight than most anticipated.

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Only because Democrats have taken inflation's side in the fight.

 

[AgEngDawg]

I am not shitting you. 2 months ago two jalapeno sausage dogs on the rollers at QT was $1.99.

This morning it was three fiddy!!!

Someone has to get this shit under control!!!

 

[AmericanViking]

I am not shitting you. 2 months ago two jalapeno sausage dogs on the rollers at QT was $1.99.

This morning it was three fiddy!!!

Someone has to get this shit under control!!!

Brats have nearly doubled here. Used to buy a pack for around $4. They are almost $8 now

 

[AgEngDawg]

Brats have nearly doubled here. Used to buy a pack for around $4. They are almost $8 now

 

[GarnetPild]

I am not shitting you. 2 months ago two jalapeno sausage dogs on the rollers at QT was $1.99.

This morning it was three fiddy!!!

Someone has to get this shit under control!!!

 

[BurntJ]

I am not shitting you. 2 months ago two jalapeno sausage dogs on the rollers at QT was $1.99.

This morning it was three fiddy!!!

Someone has to get this shit under control!!!

One might argue "THEY" have this under control..........