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Started By
Message
Fed's Preferred Measure of Inflation Tumbles to 2.6% Year Over Year
Posted on 12/22/23 at 9:33 am
Posted on 12/22/23 at 9:33 am
quote:
The Federal Reserve's preferred measure of inflation fell last month in another sign that price pressures easing in the face of the central bank's interest rate hikes.
Friday's personal consumption expenditures (PCE) report from the Commerce Department showed that U.S. consumer prices slid 0.1% last month from October and rose 2.6% from November 2022.
Excluding volatile food and energy prices, so-called core inflation last month rose 0.1% from October and 3.2% from a year earlier.
All the numbers show somewhat more progress against inflation than economists had expected.
Newsmax Money
6
Posted on 12/22/23 at 9:37 am to LSURussian
May as well just throw out a completely random number, as manipulated as the official one is.
Posted on 12/22/23 at 9:37 am to LSURussian
Since I trade at the end of the quarter and have ignored stock sell signals for the last two years, this pleases me. I'll be rebalancing to a 60/40 stock/bond on January 2nd from a 100% stock position.
Posted on 12/22/23 at 9:53 am to LSURussian
This isn't a good thing...
Posted on 12/22/23 at 9:58 am to wutangfinancial
quote:
This isn't a good thing...
What would have been the optimal reading?
Posted on 12/22/23 at 10:13 am to JohnnyKilroy
quote:
What would have been the optimal reading?
Eleventy
Or zero. To the moon or bust. Simply, adjust.
Posted on 12/22/23 at 10:52 am to JohnnyKilroy
I don’t care about CPI prints
Posted on 12/22/23 at 11:05 am to LSURussian
quote:
preferred measure of inflation
quote:
Excluding volatile food and energy prices
Oh
Posted on 12/22/23 at 11:37 am to LSURussian
quote:Thats nice, but the goal is 2.0%. So, keep working on it.
Excluding volatile food and energy prices, so-called core inflation last month rose 0.1% from October and 3.2% from a year earlier.
This post was edited on 12/22/23 at 11:37 am
Posted on 12/22/23 at 12:03 pm to wutangfinancial
quote:
I don’t care about CPI prints
Lol
Posted on 12/22/23 at 12:26 pm to JohnnyKilroy
What's so funny, Johnny?
Posted on 12/22/23 at 12:29 pm to wutangfinancial
Your non responsive answer gave me a chuckle
Posted on 12/22/23 at 12:41 pm to JohnnyKilroy
CPI is a lagged, smoothed out and extremely flawed index. Why would I care what a federal government says the inflation rate instead of looking at what the market is signaling or look at actuals flowing through other indicators and corporate P&Ls?
Posted on 12/22/23 at 12:57 pm to wutangfinancial
I’m not saying you should care.
It’s just amusing that it’s a flawed, lagging statistic that isn’t worth caring about yet it’s still “not good”
If it’s worthless then it’s not “good” or “not good”. It’s just worthless.
It’s just amusing that it’s a flawed, lagging statistic that isn’t worth caring about yet it’s still “not good”
If it’s worthless then it’s not “good” or “not good”. It’s just worthless.
Posted on 12/22/23 at 1:37 pm to JohnnyKilroy
You think falling prices is a good thing? 
Posted on 12/22/23 at 2:32 pm to wutangfinancial
quote:
You think falling prices is a good thing?
The minute drop in MoM was driven heavily by energy prices. Excluding food and energy, prices rose 0.1%.
But you knew that already.
Posted on 12/22/23 at 2:52 pm to JohnnyKilroy
leading and concurrent price signals and indicators are saying prices are falling right now. But you didn't know that already because you don't know what inflation even is 
Posted on 12/22/23 at 3:01 pm to wutangfinancial
Why don’t you enlighten us instead of your patented vague bullshite you’ve brought to this board the last several years.
You’re the one who’s all hemmed up about CPI in a thread that has nothing to do with CPI.
Clue the rest of the class in on the deflation signals you’re seeing.
You’re the one who’s all hemmed up about CPI in a thread that has nothing to do with CPI.
Clue the rest of the class in on the deflation signals you’re seeing.
Posted on 12/22/23 at 3:21 pm to JohnnyKilroy
quote:
vague bullshite
WTF?
quote:
Clue the rest of the class in on the deflation signals you’re seeing.
Inflation is growth in the money supply + increasing money velocity. It's not some "vague bullshite" like CPI. Money is tightening and you can see it everywhere. Commercial/Res Real Estate that I personally work in. M2 falling. Credit impulse negative. Treasury yields with extreme moves down while the yield curve is inverted. Loan officer surveys. Basically all of the developed world internationally is in or on the verge of recession. Corporate margins are getting squeezed. I'm never vague you just want to bitch.
Posted on 12/22/23 at 6:34 pm to LSURussian
quote:
Excluding volatile food and energy prices
You're a clown
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