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 ...
TOTAL BS
I went shopping today. Still paying 20 to 30% more.
That’s impossible. I gad an idiot FReeper tell me higher fuel costs doesn’t effect price.
Not to worry, the inflation numbers will be adjusted next month.
You morons haven’t seen anything yet.....$20 minimum wage incoming.......
Yep, I get all my economic news from the Rooters news agency.
Consumer spending offset by consumer debt. Pure rubbish.
This straight up Gnostosism.
The Gaslighting is Strong with this one
“I went shopping today. Still paying 20 to 30% more.”
If it goes to Zero and stays there you’ll still be paying 20-30% more. It is not going to come back down.
I don’t believe anything this government says anymore. Gas, housing, food and electricity rates continue to climb while Washington continues to print money to spend devaluing the fixed income many of us are on. The corrupt Biden Administration will be trumpeting this lie until the election.
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