Biden’s economy

[Anonymous]

Anonymous wrote:

Anonymous wrote:US consumer price increases cooled during the month of April, according to the latest data from the Bureau of Labor Statistics released Wednesday morning.

The Consumer Price Index (CPI) rose 0.3% over the previous month and 3.4% over the prior year in April, a slight deceleration from March's 3.5% annual gain in prices and 0.4% month-over-month increase.

April's monthly increase came in lower than economist forecasts of a 0.4% uptick. The annual rise in prices matched estimates, according to data from Bloomberg.

On a "core" basis, which strips out the more volatile costs of food and gas, prices in April climbed 0.3% over the prior month and 3.6% over last year — cooler than March's data. Both measures met economist expectations.

Investors now anticipate two 25 basis point cuts this year, down from the six cuts expected at the start of the year, according to updated Bloomberg data.

More positive economic news for the US and Americans. MAGAs are very upset.

Not sure how an increase in inflation and rise in prices is positive economic news.
Also not sure how the fed can cut interest rates with inflation still high.

[Anonymous]

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:US consumer price increases cooled during the month of April, according to the latest data from the Bureau of Labor Statistics released Wednesday morning.

The Consumer Price Index (CPI) rose 0.3% over the previous month and 3.4% over the prior year in April, a slight deceleration from March's 3.5% annual gain in prices and 0.4% month-over-month increase.

April's monthly increase came in lower than economist forecasts of a 0.4% uptick. The annual rise in prices matched estimates, according to data from Bloomberg.

On a "core" basis, which strips out the more volatile costs of food and gas, prices in April climbed 0.3% over the prior month and 3.6% over last year — cooler than March's data. Both measures met economist expectations.

Investors now anticipate two 25 basis point cuts this year, down from the six cuts expected at the start of the year, according to updated Bloomberg data.

More positive economic news for the US and Americans. MAGAs are very upset.

Not sure how an increase in inflation and rise in prices is positive economic news.
Also not sure how the fed can cut interest rates with inflation still high.

It shows a decrease in inflation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:US consumer price increases cooled during the month of April, according to the latest data from the Bureau of Labor Statistics released Wednesday morning.

The Consumer Price Index (CPI) rose 0.3% over the previous month and 3.4% over the prior year in April, a slight deceleration from March's 3.5% annual gain in prices and 0.4% month-over-month increase.

April's monthly increase came in lower than economist forecasts of a 0.4% uptick. The annual rise in prices matched estimates, according to data from Bloomberg.

On a "core" basis, which strips out the more volatile costs of food and gas, prices in April climbed 0.3% over the prior month and 3.6% over last year — cooler than March's data. Both measures met economist expectations.

Investors now anticipate two 25 basis point cuts this year, down from the six cuts expected at the start of the year, according to updated Bloomberg data.

More positive economic news for the US and Americans. MAGAs are very upset.

Not sure how an increase in inflation and rise in prices is positive economic news.
Also not sure how the fed can cut interest rates with inflation still high.

It appears to be slowing. The markets certainly liked the news.

[Anonymous]

Cooking the books again for politics?

[Anonymous]

BIDEN: CALLING ON GROCERY CHAINS TO LOWER PRICES FOR CONSUMERS!

Consumers: Calling on Joe Biden to stop issuing $1 trillion in debt every 100 days...

[Anonymous]

Anonymous wrote:BIDEN: CALLING ON GROCERY CHAINS TO LOWER PRICES FOR CONSUMERS!

Consumers: Calling on Joe Biden to stop issuing $1 trillion in debt every 100 days...

The republicans in the house are free to raise taxes to fund the spending they passed. But until they do that, the money to fund the republican-passed spending bills has to come from somewhere.

[Anonymous]

Ironic the left thinking we have a revenue problem....

[Anonymous]

Anonymous wrote:Ironic the left thinking we have a revenue problem....

The GOP passed an unfunded tax cut that ballooned the deficit by 25% and counting.

I am not sure what you are finding ironic.

[Anonymous]

Anonymous wrote:BIDEN: CALLING ON GROCERY CHAINS TO LOWER PRICES FOR CONSUMERS!

Consumers: Calling on Joe Biden to stop issuing $1 trillion in debt every 100 days...

The companies are price gouging, plain and simple. If the "Biden spending" were the culprit, then the US inflation would be worse than the rest of the world. It isn't, ergo that isn't the problem.

[Anonymous]

I remind PP of the person in charge of Biden's economic policy....

[Anonymous]

While CPI inflation is at 3.4%, inflation is much higher in many basic necessities:

1. Car Insurance Inflation: 22.6%
2. Transportation Inflation: 11.2%
3. Hospital Services Inflation: 7.7%
4. Car Repair Inflation: 7.6%
5. Homeowner Inflation: 5.8%
6. Rent Inflation: 5.4%
7. Electricity Inflation: 5.1%
8. Food Away From Home Inflation: 4.1%

Keep in mind, inflation has been above 3% for over THREE years now. This means that these inflation numbers are building on multiple years of already inflated prices.

Clearly, we are not ready for interest rate cuts. Affordability is still getting worse

[Anonymous]

Anonymous wrote:

Anonymous wrote:BIDEN: CALLING ON GROCERY CHAINS TO LOWER PRICES FOR CONSUMERS!

Consumers: Calling on Joe Biden to stop issuing $1 trillion in debt every 100 days...

The republicans in the house are free to raise taxes to fund the spending they passed. But until they do that, the money to fund the republican-passed spending bills has to come from somewhere.

Yes. Why doesn’t the House do it job? Johnson should spend time legislating appropriations instead of going up to hold Trump’s hand during his NY trial.

[Anonymous]

JUST IN: Copper prices rise to a new record high of $5.08 per pound, now up 30% year-to-date. The previous all time high of $5.03 took place in March 2022 when inflation had risen at its fastest pace in 40 years.

Over the last 3 months, copper prices are up 35%, fueling additional inflationary pressures. In 2 years, copper prices have surged by a massive ~55%.

Historically, there has been a high correlation between rising copper prices and inflation CPI in the US.

More evidence that inflation is on the rise.

[Anonymous]