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CPI Report Live Updates: U.S. Inflation Reached 9.1% in June
WSJ ^ | 13/7/22

Posted on 07/13/2022 5:43:54 AM PDT by Eleutheria5

U.S. inflation reached 9.1% in June, its highest rate in nearly 41 years.

The consumer-price index’s reading for June was higher than May’s annual rate of 8.6% that led Fed officials to shift to a faster pace of interest rate increases.

Stock futures turned negative after the release of the data. Investors are closely watching the data for clues about the outlook for central-bank policy and the wider economy.

.....

(Excerpt) Read more at wsj.com ...


TOPICS: Extended News; Front Page News; News/Current Events
KEYWORDS: 91; anwr; bideneffect; bidenflation; bidensfault; bidenvoters; cpi; fubar; inflation; june; keystonexl; obamasfault; opec
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To: mware

Yep.
When they reported 8.6%, the real inflation was calculated at 11.1%

We will have to wait a day for that “real” calculation to be released (by the real market-makers).


41 posted on 07/13/2022 6:12:43 AM PDT by Cletus.D.Yokel (Islam is NOT a religion of any sort. It is a violent and tyrannical system of ruling others.)
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To: Eleutheria5

Now we wait to see if stagflation is back.


42 posted on 07/13/2022 6:16:16 AM PDT by yawningotter
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To: 11th_VA

“We’re probably bouncing off the bottom...”

Are you serious? Try Dow 4000.

First off there is the end of QE. Then there is QT to the extent of selling into the market all QE and TARP assets purchased since 2008 which were used to stabilize then stimulate the markets. Then the MBS assets need to be sold.

Either that or the dollar loses its Reserve currency status.

That’s what they’re up against. That’s all they’re interested in protecting because it’s all they can protect.


43 posted on 07/13/2022 6:19:22 AM PDT by Justa (If where you came from is so great then why aren't Floridians moving there?)
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To: wiseprince

Filled up yesterday in Central Florida.

Using my Gas Buddy card I got it for $4.08/gallon off listed price of $4.23. Then realized I was elated to get gas so...um...cheaply?


44 posted on 07/13/2022 6:25:52 AM PDT by N. Theknow (Kennedys-Can't drive, can't ski, can't fly, can't skipper a boat-But they know what's best for you.)
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To: Eleutheria5

I graduated college in ‘82. 9% was pretty common during that time.

I remember in my first job, raises came every six months to keep up. Not for long, but for a while.


45 posted on 07/13/2022 6:29:46 AM PDT by Vermont Lt
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To: Vermont Lt

I’m glad we’re done raising our family, done with their college educations, their weddings. We’ve got the grands now, but my kids don’t ask for much.

I can’t imagine being a young family now — with all the expenses. Then again, a lot of them voted for this mess.


46 posted on 07/13/2022 6:37:39 AM PDT by LibsRJerks
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To: mware

Yep my retirement date is March 2023 UNLESS THE MARKET CRASHES. verbatim what I told my boss.


47 posted on 07/13/2022 6:40:46 AM PDT by Donnafrflorida (Thru Him all things are possible.)
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To: MtnClimber

I see that someone gets it.

It needs to get worse. Americans need to get angry.


48 posted on 07/13/2022 6:48:24 AM PDT by Bulwyf
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To: Eleutheria5

brandon and his fellow communists don’t care. They are protected by cost of living increases. They will not feel the pain.

Meanwhile, people who worked all their lives to save something so they wouldn’t be a burden see their savings reduced to pocket change.

Thanks brandon!


49 posted on 07/13/2022 6:48:42 AM PDT by I want the USA back (Damn it! We need Trump! America First!)
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To: I want the USA back

To Build Back Better, you must destroy first.


50 posted on 07/13/2022 6:49:09 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: Eleutheria5; All

“U.S. inflation reached 9.1% in June, its highest rate in nearly 41 years.”

Really? I hadn’t even noticed. *SMIRK*

Thanks, Brandon, you Un-Elected, Selected POS!

I’ve refused to look at my investment accounts or my PM stash, much like I did for 0bama’s entire Reign of Error. Ugh!

P.S. On the Bright Side, there are plenty of basement bargains to be had now, IF you have $ to invest and haven’t put it all in your pantry and gas tank!


51 posted on 07/13/2022 6:54:20 AM PDT by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
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To: dfwgator

The “Margin Call” movie was extremely slow and boring as far as drama and pacing go, but the financial details were fascinating, for those who are interested in how we almost destroyed our economy in 2008. I watched it with friends who fell asleep but I was captivated by the financial stuff. We humans cannot seem to rise above our greedy nature.
It takes a miracle of grace to do so.


52 posted on 07/13/2022 6:56:36 AM PDT by Deo volente ("When we see the image of a baby in the womb, we glimpse the majesty of God's creation." Pres. Trump)
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To: Deo volente

But Jeremy Irons was so good in it.


53 posted on 07/13/2022 6:57:35 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: 11th_VA
"We're probably bouncing off the bottom ... as long as commodities don't go back up."

*SPROING!*

Diversity is your friend, in cases like these!

54 posted on 07/13/2022 6:59:30 AM PDT by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
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To: Eleutheria5

We all know it is even higher. 9% is all they could lie to.


55 posted on 07/13/2022 7:00:34 AM PDT by Old Coach1
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To: Justa

I think a bottom of Dow 20,000 and S&P 2,700 is more probable.

Dow 4,000? That would be a hellish landscape. An 89% drop. Really?


56 posted on 07/13/2022 7:02:36 AM PDT by Deo volente ("When we see the image of a baby in the womb, we glimpse the majesty of God's creation." Pres. Trump)
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To: SamAdams76; All

Beans and Rice. Rice and Beans. Both will be provided to the Proletariat, but no clean water and no rice cookers!

Hey, it worked for Castro! I’m sure it’s in the Socialist Democrat Playbook under, ‘Recipes for Disaster.’

*SPIT*


57 posted on 07/13/2022 7:04:46 AM PDT by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
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To: Dr.Deth

LOL! Perfect!

Every DAY will be ‘Taco Tuesday’ for the Proletariat if Mrs. Tone-Deaf Brandon has her way!


58 posted on 07/13/2022 7:07:45 AM PDT by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
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To: Eleutheria5

From last month...

https://www.nytimes.com/2022/05/24/technology/inflation-measure-cpi-accuracy.html


59 posted on 07/13/2022 7:10:08 AM PDT by mewzilla (We need to repeal RCV wherever it's in use and go back to dumb voting machines.)
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To: mware; All

Shadow Stats had it at 17% weeks ago. It’s easily at 20% by now!

I don’t think they’ve adjusted their chart as of yet, though:

http://www.shadowstats.com/alternate_data/inflation-charts


60 posted on 07/13/2022 7:10:23 AM PDT by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
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