[Kaiser8408a]

What a disaster Biden has been.

[EvilCapitalist]

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

[Leaning Right]

> 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.

[faucetman]

“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

[Prolixus]

Hotter? Don’t they mean: worse?

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

[Lurker]

“Unexpected!”

L

[webheart]

YoY!

[Steely Tom]

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

[Presbyterian Reporter]

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?”

[ConservativeInPA]

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.

[entropy12]

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.

[Sequoyah101]

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?