Posted on 03/30/2024 2:10:32 PM PDT by ChicagoConservative27
WASHINGTON, March 29 (Reuters) - U.S. prices moderated in February, with the cost of services outside housing and energy slowing significantly, keeping a June interest rate cut from the Federal Reserve on the table. The report from the Commerce Department on Friday also showed consumer spending rising by the most in just over a year last month, underscoring the economy's resilience. The United States continues to outperform its global peers despite higher borrowing costs, thanks to persistent labor market strength.
(Excerpt) Read more at reuters.com ...
“Moderating”
Is that a new word for exploding?
“persistent labor market strength”
Meaning what?
It’s in the far-left’s liberal news sewer so it must be true.
sarc/
“…cost of services outside housing and energy slowing significantly”
Who needs housing or energy? They always omit the dark spots to make things more rosy than they really are.
As long as the uniparty and the Biden Administration continues to spend money, inflation will continue to go up. The Fed shouldn't be cutting the fate until we start to cut spending.
Hard to have inflation when everyone is under financial pressure
The Left and its propaganda arm (”news media”) will have dozens of polls, reports and person on the street interviews saying “inflation is down” “gas is two cents lower a gallon for the third week in a row” “consumers highly optimistic” “I heard the stock market will crash if Trump wins” and “Yellen predicts an American economic boom no one has seen before in 2025. The best is yet to come.”
A reference to the made-up numbers of the Department of Labor Statistics where 800k part-time jobs filled by illegal immigrants are miscoded as permanent jobs so make the doddering old fool Brandon look competent.
so sez roid-ers
The rate of inflation may be moderating, meaning it’s not going up as fast as in the last few months or last few years, but, inflation is still not slowing down enough to make a difference for consumers.
While the rate of inflation may not be going up, it’s not coming down, and the inflation rate has gone up tremendously from what it was before Biden took over.
Meanwhile, inflation moderating does not mean that prices of goods and services are moderating. The INFLATED PRICES are not going back down and in fact, prices are still going up. The damage to the economy can’t be undone. The damage will remain and it started as soon as Biden took over.
Biden and their liberal media want to convince consumers that things are getting better, by mentioning the rate of inflation is not going up fast, but, those same people will NEVER talk about how the damage is here to stay and nothing can be done about it, while the economy is getting worse by the day. The number of jobs created has nothing to do with making the economy better, and in fact, the number of jobs created is misleading, since a lot of them are temporary of part-time and just reflects that many people have had to take on a second or third job just to make ends meet.
Talk about those points, Reuters.
Hey Reuters, are a dozen eggs a $1.99 like they were under Trump? No? Then STFU.
Consumer borrowing, you mean. Record $1.13 trillion in credit card debt — as of the end of 2023.
The Fed wants BiXiden re-elected.
The Fed now blames Inflation on corporate shrinkflation too.
The next meeting is on April 30 to May 1, 2024. They'll cut the interest rates by then. Just in time before Americans start to drive to their summer vacations on the beach.
Gas prices will go up too. That'll put some pressure on trucks. They deliver everything we need. So we'll see the prices go up in grocery stores a little bit just before the election.
They are importing a number of people and those people have to be cared for.
Fed, clothed, housed, cleaned up after.
There are lots of jobs taking care of our illegal aliens.
And the government is paying you to do it. And taxing what they pay you to do it. And printing more money to pay you. Which means the money they paid you is now worth less.
I guess no one at Reuters buys groceries and pays for them out of their own pockets.
The Stock Market will continue to rise.
That's good for the Elite in the Democratic Party. But Joe got their votes already.
Expect to see Joe speak out more on abortion to shore up his support with voters, especially women.
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