Jerome Powell’s job just got a whole lot easier as inflation data sidesteps disaster | Metals Mine

  • Jerome Powell’s job just got a whole lot easier as inflation data sidesteps disaster

    From msn.com

    July’s inflation report went about as well as the Fed (and the White House) could have hoped for. The Consumer Price Index (CPI) summary released Tuesday reported inflation notched up 0.2% in July, that’s down compared with the 0.3% increase in June. Over the past 12 months, this brings the headline inflation rate to 2.7%—admittedly still comfortably ahead of the Federal Reserve’s 2% target but the same level as it was in June. Shelter was the primary factor for the overall rise, the Bureau of Labor Statistics (BLS) said, rising 0.2% in July. Meanwhile, key categories such as the food index were largely ... (full story)

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sheppy
Aug 13, 2025 7:06am
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Tell this BS to Main Street America as they shop for GROCERIES! Oh a new Trump word GROCERIES
Schultz
Aug 13, 2025 5:16am
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I dunno.

while headline inflation stayed below 3%, core inflation.. rose to 3.1% over the past 12 months.

This includes core services, which accelerated to 3.65% year over year, the second month in a row of acceleration.

Services are quite big, and nothing to do with tariffs which are only (part of) goods.
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here2there
Aug 13, 2025 7:52am
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Quoting sheppy
Tell this BS to Main Street America as they shop for GROCERIES!...
True.
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sheppy
Aug 13, 2025 1:28pm
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Quoting Schultz
{quote} You can't afford groceries? Nearly every day I learn a little bit more through innocent anecdotes about why some people consider that the US is a glorified third world country.
It is a 3rd world country !
sheppy
Aug 13, 2025 1:30pm
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Quoting ebarts
how many times do they have to say they arnt cutting rates? they have to see the real effect of the tariffs. that won't be for anywhere from 3-6 to possibly 12 months from now. that can't risk that high of inflation when people are already struggling
You bet there will be inflation plus a slowing economy, STAGFLATION Trust me Trump's people have know idea what any of it means. They are too busy robbing the American people!!
Schultz
Aug 13, 2025 8:06am
Permalink
Quoting sheppy
Tell this BS to Main Street America as they shop for GROCERIES! Oh a new Trump word GROCERIES
You can't afford groceries?

Nearly every day I learn a little bit more through innocent anecdotes about why some people consider that the US is a glorified third world country.
Reply
thebigshot
Aug 14, 2025 12:44am
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Are Americans retarded?
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ebarts
Aug 13, 2025 7:59am
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how many times do they have to say they arnt cutting rates? they have to see the real effect of the tariffs. that won't be for anywhere from 3-6 to possibly 12 months from now. that can't risk that high of inflation when people are already struggling
Reply
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