The Labor Department reported Tuesday that sharply lower prices for gas and cheaper used cars slowed U.S. inflation in August for a second straight month, but prices for food surged.
Markets in Europe also reversed course at midday after the U.S. inflation data was released, with the FTSE 100 in London and the DAX in Frankfurt both losing 0.3% and the CAC 40 in Paris down 0.2%. Fed officials have affirmed support for substantial rate hikes and to keep borrowing costs elevated for long enough to make sure inflation is extinguished.Consumer prices surged 8.3% in August compared with a year earlier, the government said Tuesday. Though still painfully high, that was down from an 8.5% jump in July and a four-decade high of 9.1% in June. On a monthly basis, prices rose 0.1%, after a flat reading in July.
But joe throwing a party for himself as we speak?
I guess the market at 1100 point down could be considered 'sharply down', or maybe just print the actual number.... AP gets even closer to 'talking' about 'news', maybe even factual reporting will be next?
Taxation is Theft Act was supposed to fix this...
acting on hopes instead of reality seems unwise
Red Wave.
Oh man, not one single person could have predicted this…
Hilarious! Both fiscal and monetary policy are hyper expansionary. Real interest rates are still negative.
This is a man made inflation, price gouging is extreme!!!
oh wall street gambling habits crashing down in the biggest casino on earth, wall street
Yikes 😬 bah bye what’s left of equities
And your guy will lie about it again and you won’t call him out.
Month over month inflation was up just 0.1% but the price spikes from the first half of the year are already baked in, resulting in the 8.3% year over year inflation number.
more printing more inflation higher interest rates a race