Inflation finally dips below 3 percent as U.S. economy nears ‘soft landing’

The Hill ^ | 12/22/2023 | TAYLOR GIORNO

[ChicagoConservative27]

A key annual inflation metric fell below 3 percent in November, the latest sign that the U.S. is coming in for a rare soft landing from high price growth without a recession.

The personal consumption expenditures (PCE) price index dropped to 2.6 percent year-over-year in November, according to data released Friday by the Bureau of Economic Analysis.

The October PCE price index was also revised down to a 2.9 percent annual gain.

The Federal Reserve uses the PCE price index as its main measure of inflation. The bank aims for 2 percent annual inflation when adjusting interest rates.

[ChicagoConservative27]

Soft landing my butt. More like towering inferno.

[ClearCase_guy]

a rare soft landing from high price growth without a recession.

Well, that's because Biden and his team are all frickin' geniuses.

[moovova]

Brandon has saved us, hallelujah!

“Biden/Harris 2024”

[FlingWingFlyer]

ROTFL!!! The Dung Beetle Party sure has the “yellowstream media” by the short and curlies. Somebody needs to take those idiots shopping. “Soft Landing” my ass.

[MinorityRepublican]

Even if true, our purchasing power have declined since 2020 even if our prices are frozen for the time being.

[Leaning Right]

Hurray! Less inflation! (If you can believe their fake data.)

Anyway, this is like saying there was 50 gallons of water per hour pouring into my basement. Now it’s down to 30 gallons of water per hour. And all the previous water is still there.

That’s probably not a good thing.

[bray]

And 2020 was the fairest election in hitory.

[Jan_Sobieski]

Epstein killed himself

[alloysteel]

Soft landing - coming in high, hot, blind, dead-stick, wheels up, and the glide angle of a brick.

What could possibly go wrong?

Just another gap in the supply chain.

[HYPOCRACY]

If want to call spiraling deflation a good thing, who am I to stop you.

[drwoof]

Perfect analogy. Prices/costs aren’t going down, and those of us who had previously been in the middle class remain eviscerated.

[cp124]

Inflation is down 100% for incoming illegal invaders. Everything free in America.

[bertmerc1]

Bidenflation Steady At 16.7%, With No Relief In Sight Thanks to Bidenomics, Americans can expect to spend more-for-less this Christmas.

https://tippinsights.com/bidenflation-steady-at-16-7-with-no-relief-in-sight/?ref=tippinsights-newsletter

[fruser1]

The inflation rate would have to be a negative number for prices to go down.

[liberalh8ter]

Soft landing on $5 a loaf bread. This complete and utter BS wouldn’t have anything to do with an upcoming election, would it?

[blackdog]

"Taylor Giorno will be joining the Business team as the new Business and Lobbying reporter. Taylor comes to The Hill from OpenSecrets, where she’s served as the Money-In-Politics reporter and has worked on connecting the dots between lobbying and legislation. A graduate of the University of Virginia and the Johns Hopkins School of Advanced International Studies, she has also interned for Quincy Institute for Responsible Statecraft and Center for International Policy, where she focused on defense spending and foreign "

What is "Responsible Statecraft"?

[rktman]

I’ll see how long the lines are at the food bank today.

[Allegra]

🐂💩

[blackdog]

https://quincyinst.org/report/responsible-statecraft-requires-remaking-americas-foreign-relations-tool-kit/

[JudyinCanada]

Quick sand is soft, I suppose.