Inflation cools down significantly

Posted by frequent flyer

USA

Member since Jul 2021

3380 posts

Posted on 11/10/22 at 8:37 am to fareplay

Excluding energy and food**

126

Posted by WaWaWeeWa

Member since Oct 2015

15714 posts

Posted on 11/10/22 at 8:37 am to fareplay

Has Biden stopped releasing oil from the reserve?

3 ...

Posted by fallguy_1978

Best States #50

Member since Feb 2018

52921 posts

Posted on 11/10/22 at 8:38 am to fareplay

They'll probably slow the pace of hikes but their target rate is still much lower.

Posted by MrJimBeam

Member since Apr 2009

12947 posts

Posted on 11/10/22 at 8:38 am to fareplay

Smokescreen

Posted by frequent flyer

USA

Member since Jul 2021

3380 posts

Posted on 11/10/22 at 8:39 am to WaWaWeeWa

quote:
Has Biden stopped releasing oil from the reserve?

The election was Tuesday. Why would he release more now?

Posted by ell_13

Member since Apr 2013

87176 posts

Posted on 11/10/22 at 8:39 am to fareplay

“Significantly”

Posted by omarlittle

Member since Mar 2011

1329 posts

Posted on 11/10/22 at 8:39 am to fareplay

quote:
spiking on news

News of what?

Posted by Civildawg

Member since May 2012

10163 posts

Posted on 11/10/22 at 8:39 am to fareplay

Is that year over year? Because inflation was happening before this time last year

2 ...

Posted by LNCHBOX

70448

Member since Jun 2009

88576 posts

Posted on 11/10/22 at 8:39 am to fareplay

quote:
Down to 7.7% which is a large decrease from last measurement. Markets spiking on news, maybe fed will pivot rates

"down" GTFO

Posted by lsu xman

Member since Oct 2006

16678 posts

Posted on 11/10/22 at 8:41 am to fareplay

Tell that to my insurance rates.

Posted by SelaTiger

Member since Aug 2016

21082 posts

Posted on 11/10/22 at 8:42 am to fareplay

Hubig pies are 2.49 now that’s a good indicator that inflation is not down.

Posted by Proximo

Member since Aug 2011

21934 posts

Posted on 11/10/22 at 8:43 am to Civildawg

quote:
that year over year? Because inflation was happening before this time last year

This guy gets it

Posted by Warfox

B.R. Native (now in MA)

Member since Apr 2017

3736 posts

Posted on 11/10/22 at 8:43 am to fareplay

They lie to our faces every day.

Real inflation aggregate is at least 30%.

Bread and Circus.

Posted by beerJeep

Louisiana

Member since Nov 2016

37665 posts

Posted on 11/10/22 at 8:44 am to fareplay

quote:
Down to 7.7%

Imagine celebrating this.

Posted by waiting4saturday

Covington, LA

Member since Sep 2005

10862 posts

Posted on 11/10/22 at 8:45 am to fareplay

quote:
Down to 7.7%

Weird way to say its still rising at 7.7%.

Posted by USMCguy121

Northshore

Member since Aug 2021

6332 posts

Posted on 11/10/22 at 8:46 am to fareplay

Posted by hubreb

Member since Nov 2008

2072 posts

Posted on 11/10/22 at 8:48 am to fareplay

the target is 2% -- a long long way to go / in theory / the fed isn't going to make a meaningful impact until rates are above the inflation rate

Posted by Gifman

Member since Jan 2021

16975 posts

Posted on 11/10/22 at 8:49 am to fareplay

quote:
maybe fed will pivot rates

Normal inflation should be at 2-3% YOY. I doubt it.