The Economy

[Rotadom]

"Why are the major cuts not going to hit until after midterms?"

https://www.facebook.com/video.php?v=4185382818375658

 

[MajorRewrite]

Inflation rising.

The latest data from the Bureau of Labor Statistics showed that the Consumer Price Index (CPI) increased 2.7% on an annual basis in June, an uptick from May's 2.4% gain, driven by a reversal in falling gas prices. Economists had expected headline inflation to come in at 2.6%.

On a monthly basis, prices rose 0.3% compared to May's 0.1% uptick, matching economists' estimates.

On a "core" basis, which excludes volatile food and energy costs, CPI rose 2.9% over the past year in June, ahead of May's 2.8%. Monthly core prices increased 0.2%, also ahead of the prior month's 0.1% gain.

Trump has been pretending that inflation is zero. How is he going to justify criticizing the Fed now that inflation has increased two months in a row?

 

[MajorRewrite]

Speaking of inflation, it’s lower in Canada than in the US.

Canada's annual inflation rate rose to 1.9% in June, meeting analysts' expectations, as increases in the price of automobiles and clothing and footwear pushed the index higher, data showed on Tuesday.

The consumer price index was at 1.7% in the prior month.

 

[PersonalFavors]

Inflation rising.

The latest data from the Bureau of Labor Statistics showed that the Consumer Price Index (CPI) increased 2.7% on an annual basis in June, an uptick from May's 2.4% gain, driven by a reversal in falling gas prices. Economists had expected headline inflation to come in at 2.6%.

On a monthly basis, prices rose 0.3% compared to May's 0.1% uptick, matching economists' estimates.

On a "core" basis, which excludes volatile food and energy costs, CPI rose 2.9% over the past year in June, ahead of May's 2.8%. Monthly core prices increased 0.2%, also ahead of the prior month's 0.1% gain.

Wonder what caused the increases? I haven't seen prices rise or fall. They have not changed since May when beef prices seemed to artificially inflate. I also see most of the produce I enjoy is still "product of Mexico" and those prices came down.

 

[MajorRewrite]

Wonder what caused the increases? I haven't seen prices rise or fall. They have not changed since May when beef prices seemed to artificially inflate. I also see most of the produce I enjoy is still "product of Mexico" and those prices came down.

Home energy and housing prices are driving inflation.

 

[PersonalFavors]

View attachment 2553556

Home energy and housing prices are driving inflation.

Nice. Now do one 6 months.

 

[MajorRewrite]

The cost of electricity is one of the main factors driving inflation up.

The cost of household energy, which includes electricity and other fuels such as heating oil, propane, and natural gas, has jumped 7.1% during the past year. Electricity prices rose 5.8% in June.

Americans spend more on household energy than they do on gasoline, and a kind of stealthy inflation is now underway in one of the nation's most confusingly priced commodities. Rising energy prices are pushing housing costs higher and causing a problem for President Trump, who promised cheap energy and lower inflation than his predecessor, Joe Biden.

Natural gas still powers 40% of electricity generation, but American exports of natural gas have quintupled during the past 10 years. Domestic production has risen by just 46% during the same time. The rising share of domestic gas going to exports has pushed domestic prices higher.

Natural gas prices haven't skyrocketed, but they're about 30% higher now than during President Trump's first term, which was the peak of the fracking boom. The EIA is forecasting another 6% jump in natural gas prices this year and a 19% gain next year.

The expensive improvements to the power grid are also added to electricity bills. Trump’s metal tariffs push that cost up.

 

[MajorRewrite]

The Producer Price Index (a measure of inflation at the wholesale level) rose in June.

Prices for final demand goods rose 0.3 percent in June, the largest increase since moving up 0.3 percent in February. Over half of the broad-based advance in June can be traced to the index for final demand goods less foods and energy, which climbed 0.3 percent. Prices for final demand energy and for final demand foods also rose, 0.6 percent and 0.2 percent, respectively.

 

[1984X2024]

The cost of electricity is one of the main factors driving inflation up.






The expensive improvements to the power grid are also added to electricity bills. Trump’s metal tariffs push that cost up.

Your Buddy

 

[1984X2024]

June prices compared to January....
CPI up 1.8% annualized
Core CPI up 2.1% annualized
PPI up 0.2% annualized
Core PPI up 1.2% annualized

 

[1984X2024]

The Producer Price Index (a measure of inflation at the wholesale level) rose in June.

FAKE NEWS

real news is

https://twitter.com/x/status/1945468460911198626

 

[MajorRewrite]

Your Buddy

June prices compared to January....
CPI up 1.8% annualized
Core CPI up 2.1% annualized
PPI up 0.2% annualized
Core PPI up 1.2% annualized

The mentally disabled 86TintaNoitx2024 is very agitated by Trumpflation.

 

[ll74]

June prices compared to January....
CPI up 1.8% annualized
Core CPI up 2.1% annualized
PPI up 0.2% annualized
Core PPI up 1.2% annualized

Inflation is up 0.3% for June from the previous month.

 

[MajorRewrite]

FAKE NEWS

real news is

https://twitter.com/x/status/1945468460911198626

The “fake news” I posted is a quote directly from the Trump administration. Are you claiming that Trump lies?

 

[1984X2024]

"Why did God create economists? To make weathermen look good."

PPI just came in lower than all 50 economist estimates on Bloomberg.

 

[ll74]

"Why did God create economists? To make weathermen look good."

PPI just came in lower than all 50 economist estimates on Bloomberg.

So how often do their estimate misalign with actual?

Also, is a higher amount higher or is it lower?

Does Trump have a mandate to lower prices?

 

[MajorRewrite]

"Why did God create economists? To make weathermen look good."

PPI just came in lower than all 50 economist estimates on Bloomberg.

To quote the Trump administration again:

“Prices for final demand goods rose 0.3 percent in June, the largest increase since moving up 0.3 percent in February. Over half of the broad-based advance in June can be traced to the index for final demand goods less foods and energy, which climbed 0.3 percent. Prices for final demand energy and for final demand foods also rose, 0.6 percent and 0.2 percent, respectively.”

It’s sad that the “thoughts” you get from your Xitter feed agitate you so much.

 

[1984X2024]

The “fake news” I posted is a quote directly from the Trump administration. Are you claiming that Trump lies?

nope

career DEEP STATE

 

[MajorRewrite]

nope

career DEEP STATE

Poor mentally disabled 86TintaNoitx2024 is so agitated by Trumpflation that it’s calling the Trump administration liars.

 

[ll74]

https://twitter.com/x/status/1945521782817010102

 

[ll74]

Brace yourself for a stock market drop. Looks like 47 is making a move on Powell

 

[MajorRewrite]

Retail sales rebounded in June after dropping in May. Performance is back to the level typical in 2024.

Headline retail sales rose 0.6% in June, above economists' expectations for a 0.1% increase month on month. By comparison, sales decreased 0.9% in May, according to revised Census Bureau data.

 

[MajorRewrite]

Single family home construction starts and permits fell. Construction is a big part of the economy and is very cyclical.

Single-family housing starts, which account for the bulk of homebuilding, dropped 4.6% to a seasonally adjusted annual rate of 883,000 units last month, the Commerce Department's Census Bureau said on Friday. Permits for future single-family homebuilding decreased 3.7% to a rate of 866,000 units.

The slump in demand has increased the supply of homes on the market, discouraging builders from breaking ground on new housing projects. New housing inventory is at levels last seen in late 2007.

Not good. The “Great Recession” started in December 2007.

 

[Lazaran]

Single family home construction starts and permits fell. Construction is a big part of the economy and is very cyclical.





Not good. The “Great Recession” started in December 2007.

• Foreign tourists not coming to the U.S. & renting single family homes for their stay.

• Undocumented immigrants either being deported or not working due to fear of ICE, leaving the single family homes they lived / live in unoccupied or their mortgages / rent unpaid.

• House rental companies’, etc, need to jack up the prices for everyone else because of lost revenue.

• Climate change related disasters wiping out whole swaths of houses.

• Low new home construction,

All of that ^ will keep the current high housing prices high, or drive them even higher.

And many people can’t afford to pay rent or buy a starter home as it is.



I don’t think I’ll need to wear shades in the future…



We. Told. Them. So.

 

[heathrowinneo]

• Foreign tourists not coming to the U.S. & renting single family homes for their stay.

• Undocumented immigrants either being deported or not working due to fear of ICE, leaving the single family homes they lived / live in unoccupied or their mortgages / rent unpaid.

• House rental companies’, etc, need to jack up the prices for everyone else because of lost revenue.

• Climate change related disasters wiping out whole swaths of houses.

• Low new home construction,

All of that ^ will keep the current high housing prices high, or drive them even higher.

And many people can’t afford to pay rent or buy a starter home as it is.



I don’t think I’ll need to wear shades in the future…



We. Told. Them. So.

Very well said. Should be a hard slap in the face to our gutless leaders.