US core inflation just came in LOWER THAN EXPECTED

Energy and effects of energy were over estimated. A good print for us for sure

DOW Futures still slightly down? …. what gives?

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Thats funny, my Bloomberg terminal is saying something a bit different...

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CNBC

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Core inflation held above the Federal Reserve’s target before the recent surge in energy prices, according to a key gauge released Thursday that offers the central bank a snapshot of conditions leading into the Iran war.

The core personal consumption expenditures price index, which excludes food and energy, rose a seasonally adjusted 3% in February, the Commerce Department reported. The all-items headline inflation measure increased 2.8%.

Both readings were in line with the Dow Jones consensus. The core annual inflation rate was 0.1 percentage point lower than in January while headline was unchanged.

On a monthly basis, both core and headline prices rose 0.4%, also meeting forecasts.

The Fed uses the PCE price index as its primary yardstick and forecasting tool for inflation. The Fed, which targets 2% inflation, sees core as a better indicator of longer-term trends.

In addition to the inflation readings, the report also showed consumer spending up 0.5% on the month, while personal income fell 0.1%. Economists had expected spending to rise 0.6% with income up 0.4%.

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If only OP posted an actual substantive article instead of an editorialized/edited tweet in the fashion of the Idiocracy.

Prices aren't inflation, they are a result of inflation, and are non-linear.

Inflation is just the increase in the currency supply without backing the printing up with anything of value. Since we have 24T dollars in circulation worldwide, and print 2T per year, inflation is running at 8%.

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U.S. inflation surged in March as the energy shock stemming from the war in Iran rippled across the economy.

The Consumer Price Index report showed that inflation jumped to 3.3 percent compared to the same time last year, almost a full percentage point increase from February’s annual pace. Overall prices rose 0.9 percent over the course of March, the highest monthly gain since the peak of the post-pandemic inflation crisis in June 2022

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Without evidence that inflation is in retreat, the Fed will likely find it hard to justify cutting rates below the current 3.5 percent to 3.75 percent level.

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Green Chili Tiger

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Does inflation bother you?

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You realize there is a video attached to that tweet from Fox Business that tells the details reflected in the tweet, correct?

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Yeah that was part of my "Idiocracy" comment. Hence the "editorialized/edited" language, as the clip was only 25 seconds and provided no actual substance.

Unsupported comments without context broken up into small portions are for idiots and people without attention spans.

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Does this help?

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I already covered for OP's impotency

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A simple, "my mistake" would suffice.

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Are you referencing OP's mistakes?

Because I made none