U.S. Inflation Update: June PCE Inflation Edges Higher Than Expected
475 sats \ 15 comments \ @TomK 26 Jul econ
The latest June data shows the Fed's preferred inflation gauge, PCE inflation, at 2.6%, slightly above the anticipated 2.5%. Core PCE inflation matched expectations, maintaining at 2.5%.
Despite the flat PCE inflation rate, the Producer Price Index (PPI) is on the rise. Personal spending for June increased by 0.3%, aligning with predictions and improving from May’s 0.2%. However, personal income growth slowed to 0.2%, falling short of the 0.4% forecast and down from 0.5% in May.
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58 sats \ 1 reply \ @IamSINGLE 26 Jul
Now, suddenly everything's getting positive!!
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68 sats \ 0 replies \ @JesseJames 26 Jul
Election year, of course it does... :-)
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47 sats \ 0 replies \ @Coinsreporter 27 Jul
All in all it's just average data!
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47 sats \ 7 replies \ @Satosora 26 Jul
These numbers cant be right....can they? Stuff is not going in the positive direction. I was just at the grocery store.
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20 sats \ 6 replies \ @TomK OP 26 Jul
prices continue to rise, but not as fast as recently.
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47 sats \ 5 replies \ @Satosora 26 Jul
They should be going down if we are getting better.
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20 sats \ 4 replies \ @TomK OP 26 Jul
This would be killing our beloved fiat ponzi. Before thst happens they will pump the shit out of it
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47 sats \ 3 replies \ @Satosora 26 Jul
Do you think it is the government, or the companies that are being greedy?
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20 sats \ 2 replies \ @TomK OP 26 Jul
the government, which creates debt with printed money and thus robs the population of purchasing power in the future, makes it easy for itself by, in conjunction with the media, blaming greedy entrepreneurs as the cause of inflation. it is the same everywhere and always the same, and as long as people do not deal with the matter, they will also believe the lies told by politicians. Prices are set on the market and not by entrepreneurs. these clowns have never heard of competition
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47 sats \ 1 reply \ @Satosora 26 Jul
I have a feeling it is both. A major problem is the government causing inflation.
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0 sats \ 0 replies \ @TomK OP 27 Jul
Debt-based gov spending to buy votes.... it's always the same
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47 sats \ 1 reply \ @Undisciplined 26 Jul
I didn't realize we had even gotten down to target on those shorter-term metrics.
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42 sats \ 0 replies \ @TomK OP 26 Jul
Creative calculation
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47 sats \ 0 replies \ @Cje95 26 Jul
I am listening to CNBC and they do not think this changes the rate changes but does see another stock market pullback
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0 sats \ 0 replies \ @BitcoinAbhi 27 Jul
Not really good for U.S. and for the global fiat world. May be Trump will endorse Bitcoin and the World becomes a better place.
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