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re: Fed's Bowman says data supports 3 rate cuts in 2025
Posted on 8/10/25 at 8:25 pm to fallguy_1978
Posted on 8/10/25 at 8:25 pm to fallguy_1978
quote:
Inflation is way higher than the bullshite government numbers. It has been for a long time though. It's more like 6% when they say it's 2%. They just change the equation when they don't like the answer.
I’ve mentioned before that I find it hilarious that both republicans and libertarians spent the last couple of decades saying that the government inflation numbers were bullshite low, then six months ago, republicans all decided overnight that the numbers were bullshite high
1
Posted on 8/10/25 at 8:52 pm to Joshjrn
I think they've been bullshite for 20 years. Hey, this item you regularly buy has doubled in 4 years, and it's not the only example, inflation is 2.8% dude
This post was edited on 8/10/25 at 8:53 pm
Posted on 8/11/25 at 2:53 pm to TDFreak
quote:
If the jobs reports were accurate first time, rates would have already been cut to boost hiring.
It's been clear that this BoG puts far more weight on inflation data than employment data. They wouldn't have cut rates even if the BLS reports were right the first time.
They look for 2% CPI....we've been running 20-50% above.
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