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In the latest inflation update, U.S. Consumer Price Index (CPI) figures for July closely match forecasts, providing the Federal Reserve with potential room for maneuvering. The monthly CPI rose by 0.2%, in line with predictions and slightly above June's -0.1%. Year-over-year, the CPI showed a 2.9% increase, just under the previous 3.0% and in line with expectations.
Core CPI, which excludes volatile food and energy prices, also saw a 0.2% rise month-over-month, consistent with estimates and marginally higher than the 0.1% increase recorded in June. Annually, core CPI grew by 3.2%, slightly down from the previous 3.3% and matching forecasts.
These figures suggest a stabilizing inflationary phase and a cooling economic landscape.
Volatile food and energy prices
What is volatile? What industry is not volatile?
Fed target is 2 percent. 2.9 is above the target.
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Yep, the stuff consumers spend most of their money on has to be excluded from the "Consumer Price Index" because it's "too volatile".
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Lol
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-2.3 for used cars and trucks! 👀
What's with the market about them? Are the demands falling or it's just market show?
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I would guess from what I see it's falling demand
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But then for new veichles is quite stable! Doesn't it present a contradiction?
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It doesn't say anything about the volumes. And the market for 2nd hand v. is usually more price elastic
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Great job, team! Your politically motivated predictions matched your rigged metric. It's a proud day for the American bureaucracy.
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Room for maneuvering? Just want it go down again because they had "room".
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stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.