CPI numbers should be reported tomorrow w/ potential rate cut implications..

Well; in the past 48 hours I visited my local Costco where 80/20 ground beef was $7lb. Over in the steaks; whole loin choice grade ribeyes were $19lb. Boneless skinless chicken breasts were marked down to $2.99lb from $3.49 just a month ago. I filled up for $3.20 a gallon at my local 7-Eleven which is higher than it was on Inauguration Day. I took my truck in for service at my local Toyota dealer. While it was being worked on, I cruised around the sales floor. I struck up a conversation with a sales person and asked him about the impact of tariffs. He said Toyota is doing everything in their power to keep the MSRP prices stable; but, went on to say you are damn sure gonna feel it in the service and parts department.

Obviously; my window to the world is my own, but it sure doesn’t feel like inflation is coming down to me.

Consensus seems to be 2.8% but, both MS and GS are saying 3% on the CPI

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but I guess that's what happens when a leader throws a tantrum and fires the messenger.

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Oh, frick off. Initial BLS job numbers had been atrociously off under her leadership, with the average adjustment being ~2x more than the average of her predecessors.

Sell your "I'm okay with failure as long as it's done on behalf of my political party" bullshite elsewhere because no one is buying it here.

It’s not partisan and there are a lot of reasons previous months’ data is updated. It’s been like that forever as some are slower to return surveys than others.

And it’s not just me saying this…I’m seeing it in all flavors of financial news sites. There’s real concern about the validity of US government data now, ESPECIALLY if we magically move to 1.9% cpi in the morning or show enormous job gains on 9/5.

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If it comes in too low, it's going to be a popular opinion that the numbers are fudged (BLS calculates CPI)

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The numbers have been fudged for decades.

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And it’s not just me saying this…I’m seeing it in all flavors of financial news sites.

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And those same sites were shaking their heads with every BLS revision, dismayed at how the initial numbers could be off so badly. For the last 9 months of 2024, jobs were overstated by 800k, meaning that the period went from +600k jobs to -200k jobs.

That level of inaccuracy is unacceptable, and those same sites have said the same thing, but for some reason when OMB makes BLS leadership accountable then there's pearl-clutching.

If you can't see the ridiculousness of bitching about something then bitching about when it's addressed then you aren't being cleverly observant, you're part of the partisanship problem which causes these problems to linger in the first place.

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There’s real concern about the validity of US government data now, ESPECIALLY if we magically move to 1.9% cpi in the morning or show enormous job gains on 9/5.

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Those are the same types who swore up and down Trump won 2016 because he colluded with Russia. The numbers reported this month will still have been gathered and organized under McEntarfer so there's no actual point in all of this faux concern other than just another avenue for pushing out "dRUMPf da debil!111" rhetoric.

Be better.

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This is why Trump says this shite because he knows yall will lap it up without doing even 4 minutes of reading. Seriously, take 4 mins from your day to read instead of assuming everything is some political plot.

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They revised the report by 1mil last year. What did that have to with Trump

They just revised the last 2mnths by 295k jobs. It seems you are the one who needs to learn to read.

Your TDS is off the charts

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Any predictions?

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I keep hearing that the market has this, jobs and rate cuts "built in" already, so as long as it isn't off the by like 1%, shouldn't the markets not have a crazy reaction?

I'm more concerned with what PPI numbers look like in a couple of days. I'm a producer, and my prices have gone up 10-20% in the past month. I know I'm just one little part of one little part of the manufacturing world. All of my suppliers have gone up, but I mainly deal with glass and aluminum, which are commodities. I'm curious how other industries are doing.