Fed’s Preferred Gauge Shows Inflation Hits Four Year Low
Hopefully the trend continues.
Ah, I’m already seeing the media try to spin the news as a negative. I mean, I’m not jumping for joy because it could be better. But still…it’s better than the alternative.
I’ll give you the good and bad.
The Federal Reserve’s preferred gauge showed that the Personal Consumption Expenditures Price Index (PCE) rose in April by 2.1% compared to an increase of 2.3% in March.
The core index, which does not include food and energy, increased 2.5% compared to 2.6% in March.
Current personal income grew. HOWEVER! The growth “primarily reflected increases in government social benefits to persons and in compensation.”
That’s…not good at all. Gross.
The PCE is for consumer spending. It measures “the spending on goods and services by people of the United States” and “accounts for about two-thirds of domestic spending and is a significant driver of gross domestic product (GDP).”
For some reason (or perhaps due to the orange mandate), the media portrayed the consumer outlook as a downer, but changes in monthly consumer spending increased by $47.8 billion.
Granted, the items we regularly buy decreased in the month:
Do not get excited about all of it, though. I see people on the right using it as proof that tariffs haven’t affected anything.
I also won’t use the report to attack tariffs because we simply do not know yet.
The tariffs are still new so I expect we will see the affects starting next month.
The overall trend is better but we still have a long way to go.
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but still
orange we glad we got djt!?!
maga
I’m pricing PCs at the moment. Many of them and many of the components are affected by tariffs. Prices already seem to have risen in anticipation of the tariffs.
BTW: I have to buy a new computer because mine which work perfectly fine won’t support Win11 and Win10 critical support is being dropped in Oct. Thanks MS. No. I’m not buying a MAC and Linux doesn’t meet my needs.
Meanwhile my income remains flat while my expenses continue to increase. Doesn’t matter to me what the cause is so I assign no blame.
Try a small ‘mom and pop’ computer place. Consider a refurbished model or get them to build a desktop to your needs. Maybe consider a kindle fire. Far cheaper, very portable and for email, browsing internet, paying bills it meets pretty much every need unless you are gaming or doing a bunch of typing/data input.
thanks for the suggestions. I need a new gaming rig so I’m doing a balancing act. I never buy the latest components – too expensive. It seems though that some places are taking advantage to do markups. I may wait until black friday sales in the hope that the dust settles.
I rebuilt the home computer years ago including a new Asus motherboard. The BIOS in the motherboard is updateable to allow an upgrade to Windows 11. It’s on my summer to-do list. See if your BIOS is capable. If so, it will save much cash and many headaches.
.
Well, at least cash.
1 – The sooner you drop Windows as your primary the better off you’ll be. Linux will do almost everything you need unless you need Photoshop or first-tier NVidia graphics card support. Windows is a disaster.
2 – PC hardware costs have been volatile as long as I’ve been alive. Frankly I’m glad tariffs might make it worse. F manufacturing overseas. Bring it home, make the price stable and predictable, give us jobs. I’m tired of this BS.
3 – If you absolutely have to upgrade your hardware (you don’t, no one “needs” a gaming rig, Win 11 has loosened their hardware requirements, Linux is a better choice), go to pcpartpicker.com and plan your build using the best in class tool for managing costs against your build requirements. Hope that helps.
we dont produce,,as we alll know,,sooo many product/components that, here in the usa so of course we are at the mercy of governmental problems…be it tariffs or the need to feed the EU/Chinese
then we have the issue of when goods are produced stateside we have to deal with not only public sector extortion but union dues that we have to pay for ( but the msm doesnt remember to include in articles)
so until the weak willed gop and their voters reverse course and bring capitalism and its miracle of freedom BACK into vogue
we be banging our own heads against the wall instead of the red tape lovers who need the headaches
Don’t tell Rosie. She may decide to return from Ireland.
If she gave up citizenship we can refuse her a visa (if one is required) or put her on the no fly list.
pigs cant fly
and
charlie dont surf
Not news. Inflation has been leveling off for a while. Nothing to with Orange HArvey
The wretched and inflation-facilitating “Biden-Harris” Administration never welcomed and facilitated fossil fuel extraction, refining and transport, moron.
Energy costs account for at least 10% of U.S. inflation.
This is all about #47’s pro-fossil fuel energy policies and his staunch rejection of the Dhimmi-crats’ impoverishing, stupid and costly “green” energy and “climate change” schemes.
That you don’t possess either the intellectual honesty or intelligence to acknowledge those realities, comes as no surprise.
Keep on wearing your dunce cap.
Yep. Energy is the key to everything – cheap, abundant, and reliable energy available at any time.
The US had that for decades … until the eco-nut anti-humans and their sibling Global Warming nihilist lunatics got their claws into actual policy.
https://www.forbes.com/sites/rrapier/2024/12/22/us-energy-dominance-continues-another-annual-oil-production-record/
Record domestic production.
{{{{Play sad trombone.}}..WHOMP WHOMP WHOMP
Retard.
“Posted from my ObamaPhone”
Aw, lookit laffriot’s tears.
https://www.forbes.com/sites/rrapier/2024/12/22/us-energy-dominance-continues-another-annual-oil-production-record/
Record domestic production.
{{{{Play sad trombone.}}..WHOMP WHOMP WHOMP
After the fake laughing, whomping, etc. (which shows how unserious a person you are and errily similar to Biden’s pathetic ways) it’s clear that success irks you, unless it satisfies the delusions and vengefulness of your cult. The fake laughs show you prefer misery. By the way, the remarks do not edify or have much value. You are whomping your own head against the wall and it is delighful.
A common-sense energy policy that facilitates and welcomes fossil fuel extraction, refining and transport, and, that rejects prosperity-destroying, impoverishing and national security-compromising “green” and “climate change” diktats and assorted idiocy help to keep inflation in check.
#47 understands this basic concept, which is beyond the ken of the vile, stupid and evil Dhimmi-crat apparatchiks.
Global warming is not happening. {{{ CHUCKLE}}}That is a scam. {{{{TITTER}}}}The climate always changes. {{{SMIRK}}}
So glad we have a brilliant scientific mind in charge.
{{GUTBUST}}}
“If you have a windmill anywhere near your house, congratulations, your house just went down 75 percent in value,” he said. “And they say the noise causes cancer. You tell me that one, okay?”
“And they have all magnetic elevators to lift up 25 planes at a time, 20 planes at a time. And instead of using hydraulic, like on tractors that can handle anything from hurricanes to lightning to anything, they use magnets,” Trump said.
“It’s a new theory. Magnets are going to lift the planes up, and it doesn’t w
“Fed’s Preferred Gauge Shows Inflation Hits Four Year Low”
Danny hardest hit.
It only took a new president.
Inflation was from supply chain disruption in the pandemic. Everybody consuming and nobody producing. It takes a while to settle out again, with old businesses being reborn or replaced.
Government supported the consuming but it did it by borrowing, not printing, so was not in itself inflationary. Lack of production was inflationary.
Not much to do with Biden or Trump. The Fed’s role continues to be preventing wages from rising to match shortage price rises, which it does by removing dollars from circulation. Aka high interest rates.
It’s sort of amazing how you definitely know things that are impossible to know.
You are a master of the application of simple, linear thinking to complex dynamical systems.
Economics.
Voodoo Economics
But the trump tariffs were supposed to trigger sky high inflation ??
Tariffs raise prices but it’s not inflation unless the Fed lets wages rise to meet them.
Gaslighting much?
Inflation is a monetary phenomenon caused by cheap $ ‘credit’ aka low fed rate and/or the fed adding dollars by printing to buy debt either Treasury or much less often taking non Treasury instruments onto its books to prevent spikes in Treasury yields.
Rises in price are usually a lagging indicator of Fed reserve actions. From time to time there is actual market driven ‘price inflation’ due to imbalance in supply v demand and that works itself out pretty quickly as new entrants come to offer additional in demand goods, current producers increase supply to meet demand, consumers substitute other items or they go without but all of those work to bring supply and demand back to balance.
Fed is doing some QE now both directly with purchases and indirectly on regulatory front with banks not yet required to mark assets to true market price, primarily bad commercial loans and bad residential loans and then there’s the holdings of ‘old’ Treasury instruments on banks books that have a much lower yield than current offerings and if priced to market would wreck bank/financial institution balance sheets. When the asset bubble pops it will be very bad short term.
Guessing you didn’t even try to think that thru