Thursday, September 12, 2024

Inflation Slows to a 3 Year Low

The consumer price index rose last month at a 2.5% annual rate, easing from 2.9% in July to the slowest pace in more than three years, the Labor Department said Wednesday, all but ensuring that the Federal Reserve will trim borrowing costs next week.

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Couldn't be happening at a better time on the heels of Trump's detached-from-reality kabuki performance Tuesday night as he keeps trying to contend that things at this moment signify 'the worst economy ever' when every emerging metric proves we've undeniably been on a steady upward trajectory from the worst days of the global pandemic - which he himself tragically mismanaged in 2020, costing hundreds of thousands of Americans their very lives.

Prices are not ever going back to what they were pre-pandemic because free market economies don't work that way without an equally catastrophic drop in demand, usually from events that strip households of income and plunge economies into recessions or depressions.

But things are slower but surely getting better due to actions taken or not taken by the Biden/Harris administration. And for that at minimum, they deserve credit for righting our previously foundering ship of state.

#1 | Posted by tonyroma at 2024-09-12 08:27 AM

Gas prices dropping.

Food prices dropping.

Inflation dropping.

There is not a big enough adult diaper for VonSh*tzenpants this morning.

#2 | Posted by Nixon at 2024-09-12 08:58 AM

Price gouging has come to an end. It's a miracle.

or the massive ripple from tax cuts and covid spending is finally smoothing out.

#3 | Posted by sitzkrieg at 2024-09-12 10:15 AM

As usual cleaning up and repairing the damage that republicans inflict on America takes time.

It took three years to finally recover from the Trumpy Error.

#4 | Posted by donnerboy at 2024-09-12 12:47 PM

Economic shocks, like that seen in 2020, happen quickly. Recovery takes time. Der Dotard tried to tell Americans to pay no attention to the thousands dying or in hospital. Diamond Joe told Americans the painful truth, and took corrective action beyond recommendation of s shot of Clorox.

Der Dotard wants us to forget all about his p!ss poor response to Covid. No one should and what happened in 2020 is a warning to this country, i.e., the lousy response to Covid could become a lousy response to some other major problem...

#5 | Posted by catdog at 2024-09-12 01:07 PM

Republicans crash the economy and democrats fix it.

Tale as old as time.

#6 | Posted by SpeakSoftly at 2024-09-12 03:28 PM

"They're eating inflation!!" - DJT

#7 | Posted by AMERICANUNITY at 2024-09-12 04:52 PM

Lies. Home and auto Insurance up 24%, property taxes 100%. Obama Care insurance up 300%. No way inflation numbers are real.

#8 | Posted by visitor_ at 2024-09-12 11:27 PM

Gas prices dropping.

Food prices dropping.

Inflation dropping.

#2 | Posted by Nixon at 2024-09-12 08:58 AM | Reply | Flag:

FTA:
"So-called core CPI, which excludes volatile food and energy prices, edged up 0.3% to a 3.2% annual rate, slightly above the July pace."

Make it work now.

#9 | Posted by lfthndthrds at 2024-09-13 11:50 AM

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