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US Inflation Comes In Hotter Than Expected, Real Weekly Earnings At -1.9% YoY, Negative For 23rd Consective Week (Treasury 2-year Yield Rises 34 Basis Points!)
Confounded Interest ^ | 03/14/2023 | Anthony B. Sanders

Posted on 03/14/2023 7:15:42 AM PDT by Kaiser8408a

The Federal Reserve is some hard thinking to do. Inflation came in hotter than expected, so raise rates to fight inflation or lower rates to prevent bank contagion. Similar to Kevin Malone’s “Double fudge brownies or Angela” debate.

While headline inflation (CPI) came in a 6% (considerably higher than The Fed’s 2% target), core inflation came in at 5.5% year-over-year (YoY), which was expected.

The truly nasty number is today’s inflation report is that weekly earnings YoY remained the same at a terrible -1.9%. Meaning that inflation is higher than nominal wage growth. This is the 23rd straight month of negative real weekly earnings. Well done, Fed and Biden!

On the news, the US Treasury 2-year yield rose 34.3 basis points.

Somehow I doubt that Biden’s press secretary will tout 23 straight months of negative weekly earnings growth as one of Biden’s economic accomplishments.

(Excerpt) Read more at confoundedinterest.net ...


TOPICS: Business/Economy; Food; Government; Politics
KEYWORDS: banks; biden; fed; inflation
What a disaster Biden has been.
1 posted on 03/14/2023 7:15:42 AM PDT by Kaiser8408a
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To: Kaiser8408a

But at least there are no more mean tweets. /sarc.


2 posted on 03/14/2023 7:19:16 AM PDT by EvilCapitalist (81 million votes my ass.)
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To: Kaiser8408a

> Inflation came in hotter than expected… <

Looks to me like someone forgot to normalize the data, then make seasonal adjustments.
You know, apply all those tricks to manipulate the data and so fool the peasants.


3 posted on 03/14/2023 7:20:02 AM PDT by Leaning Right (The steal is real.)
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To: Kaiser8408a

“US Inflation Comes In Hotter Than Expected”

A couple of threads down:

“Consumer prices rose 6 percent annually in February as inflation eased”

The Hill


4 posted on 03/14/2023 7:21:17 AM PDT by faucetman (Just the facts, ma'am, Just the facts )
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To: Kaiser8408a

Hotter? Don’t they mean: worse?

Even when the Democrat-media admits a problem with Democrats they soften the blow with weasel words.


5 posted on 03/14/2023 7:21:47 AM PDT by Prolixus (In all seriousness:)
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To: Kaiser8408a

“Unexpected!”

L


6 posted on 03/14/2023 7:22:14 AM PDT by Lurker (Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
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To: Kaiser8408a

YoY!


7 posted on 03/14/2023 7:28:18 AM PDT by webheart
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To: Kaiser8408a

[”hotter than expected”] == [”worse than the MSM reported”]


8 posted on 03/14/2023 7:28:28 AM PDT by Steely Tom ([Voter Fraud] == [Civil War])
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To: Prolixus

9 posted on 03/14/2023 7:29:14 AM PDT by ClearCase_guy (“You want it one way, but it's the other way”)
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To: Kaiser8408a

While the talking heads are saying inflation is going down, here is the reality.

In Dec 2020 CPI was 260.474

In Feb 2023 CPI was 300.840

CPI is now 15.5% higher today than it was when Biden took office.

As Reagan would say: “Are you better off today than you were two years ago?”


10 posted on 03/14/2023 7:33:01 AM PDT by Presbyterian Reporter (emoc)
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To: Presbyterian Reporter

Depends who you ask. Democrat Politicians are happy as pigs rolling in sh!t with all the federal money rolling into their donor’s pockets. Which in turn ROLLS DIRECTLY INTO THEIRS.

The rest of us, we are screwed.


11 posted on 03/14/2023 7:44:05 AM PDT by OHPatriot (Si vis pacem, para bellum)
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To: Kaiser8408a
This is quite a quandary for the Fed. I was thinking about this scenario over the weekend and realized I got locked in to some myopic thinking. My initial thought was if the Fed raises rates, that will further devalue banks AFS assets. How do you solve that? Well, provide a grace period for banks to rearrange their asset allocations, and then the Fed can increase rates. That means banks taking loses and is mostly a dead end. Stinkin’ thinkin’.

Here’s another option no one talks about. Government spending is a primary source of inflation. Massively cut government spending and maintain current interest rates.

By the way, the Fed is officially back to quantitative easing to bailout banks. That’s another source of inflation. Cut that chit out now. These people are eff’n morons. Let banks fail and allow capitalism’s consequences destroy those unprepared. That leads to quicker recovery. Stop printing money.

12 posted on 03/14/2023 7:47:15 AM PDT by ConservativeInPA ("How did you go bankrupt?" Bill asked. "Two ways," Mike said. "Gradually and then suddenly." I )
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To: Kaiser8408a

The same people who voted for Biden are the same people getting hurt most by inflation. But stupid people will keep repeating mistakes not knowing they are making a mistake.


13 posted on 03/14/2023 8:02:02 AM PDT by entropy12 (Food is most popular anxiety drug, exercise is the least popular.)
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To: Kaiser8408a

Wait, I’m confused. The market is up today on this headline:

U.S. stocks are rising after inflation data fuels hopes on lower rate…
Stock Markets

By Liz Moyer Investing.com — U.S. stocks were rising after inflation data met expectations, fueling hopes for a smaller interest...

What are we supposed to believe?


14 posted on 03/14/2023 8:06:25 AM PDT by Sequoyah101 (Procrastination is just a form of defiance.)
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