March CPI hotter than projected.

Looks like no interest rate cuts anytime soon. More likely an increase

Things are not going to get better anytime soon

Nope.

I don't know where they come up with their inflation numbers, but they haven't been in my grocery stores or gas stations in the last month, let alone the last year. Inflation is up nearly 10 percent based on the money flowing out of my wallet.

That can't be. Joe says things are great.

Fj

Some have been trying to put a positive spin on this because the RATE of inflation has come down, which is true, but inflation is cumulative.

Don't be silly, they adjusted the index formula so it no longer includes groceries, etc.

And if you pay attention, rosy news is released, then a month or two.later, " revised" to be less rosy.

Anyone that does any purchases really think inflation is ONLY 3.5 ? Oh yes take out gas and food prices. It would be 40% cumulative since Biden took over

Yeah about to set I bond rates so got to lie

I was guessing high 30's, but your right and it has been catastrophic and covered up to the point of absurdity.

Ridiculous. My gas tank used to only hold $30 in gas. Now it holds $60!

Before Brandon primers were $36/k

Interest rates don't need to come down, they were at zero for a decade and everyone thinks that's normal, it isn't. U/E numbers are always 'unexpected' same as this crap, maybe economist don't have a clue what's going on, what went on or what is going to go on? lol. Only profession ive seen where they are ALWAYS wrong but keep a job. I bet next quarter's number's will be 'unexpected' as well.

You'll never see where I said interest rates are too high.

But during Clinton they were $72/ 10,000!
So not a great metric

Dave p big difference in time between Clinton and just 3 years back.

I wasn't old enough to drive under part of Clinton. Seems long ago but before Biden was not far back

If interest rates go up hopefully it slows these soaring real estate prices. Rent to the state is getting out of hand. Combined with utility and grocery increases something has to give or we will be in another depression. With all the social programs people still earning will lose most of it to taxes. The rest gone from inflation. Who stands to gain from that?

You know the answer to that.

There has never been as many rich people as there are now.
Do you think all those filthy rich people care about anything like gas or food going up in pricea few hundred dollars?
Be like us worrying about something going up a penny,lol.