Posted on 06/28/2024 7:17:31 AM PDT by Kaiser8408a
Well, the Trump/Biden CNN Presidential debate was a disaster … for Biden. It was the worst debate performance I have even seen. Even worse was the “victory” party where Jill Biden treated President Biden like a little child being potty-trained and shreiked that all Trump does is L:IED. How strange since ALL Biden does is lie. But enough of this.
But how about SuperCore inflation?
The last month has seen US Macro data collapsing at its fastest rate in years…
Source: Bloomberg
…which, many believe, will also drag down inflation (and it has been)…
Source: Bloomberg
Today, we get to see The Fed’s favorite inflation indicator – Core PCE – which rose 0.1% MoM in May (after a revised +0.3% MoM for April) and in line with expectations. The headline PCE Price Index was unchanged MoM as expected as Durable Goods deflation trumped surging Services costs…
(Excerpt) Read more at confoundedinterest.net ...
".. But how about SuperCore inflation?
The last month has seen US Macro data collapsing at its fastest rate in years…
Source: Bloomberg
…which, many believe, will also drag down inflation (and it has been)…
Source: Bloomberg
"Today, we get to see The Fed’s favorite inflation indicator – Core PCE – which rose 0.1% MoM in May (after a revised +0.3% MoM for April) and in line with expectations.
The headline PCE Price Index was unchanged MoM as expected as Durable Goods deflation trumped surging Services costs"
Stock Market reaction muted for a Friday full of news, we’ll have to see how it closes. Energy getting a bid so far.
Jill is correct. Like with the ChevronDeference crappola, you are not lying if you re-define the words so that YOUR interpretation of law is OK.
Post-debate, I am reckoning some Dem sheeple who thought the economy is just fine will begin to wake up to reality.
After all, their groceries cost a lot just like everyone’s.
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