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Started By
Message
Inflation report came back higher than expected
Posted on 2/12/25 at 8:19 am
Posted on 2/12/25 at 8:19 am
There goes the market in premarket. At least there's a reason today
4
Posted on 2/12/25 at 8:23 am to tigerbacon
Damn!
Won’t be any fed cuts in 2025 with the way this is going.
Won’t be any fed cuts in 2025 with the way this is going.
Posted on 2/12/25 at 8:25 am to tigerbacon
quote:And I held a SPY PUT overnight.
Inflation report came back higher than expected
Posted on 2/12/25 at 8:35 am to notiger1997
quote:
Won’t be any fed cuts in 2025 with the way this is going.
SDVCuck will be here shortly to tell you that you are wrong and can't read a report and there will be cuts!
This post was edited on 2/12/25 at 8:37 am
Posted on 2/12/25 at 8:55 am to ronricks
this is just sad
Posted on 2/12/25 at 9:01 am to cgrand
Liberal media furiously typing stories about the price of eggs
Posted on 2/12/25 at 9:31 am to cgrand
quote:
this is just sad
Yet true.
Biden's administration frickery is going to take a moment to undo. Just roll with it.
Posted on 2/12/25 at 9:49 am to cgrand
Here's how to read inflation data from a political POV: When inflation is going down, claim it's not accurate data. When it's going up, claim it's someone else's fault. Works every time.
Posted on 2/12/25 at 10:11 am to BottomlandBrew
quote:
When inflation is going down, claim it's not accurate data. When it's going up, claim it's someone else's fault. Works every time.
You must read the politard board
Posted on 2/12/25 at 10:13 am to tigerbacon
of course it's higher biden has been lying about it for 4 years
Posted on 2/12/25 at 10:15 am to ronricks
quote:
SDVCuck will be here shortly to tell you that you are wrong and can't read a report and there will be cuts!
Nice melt. Break down which components caused the inflation on both the headline and core
Let us know what happened. We will wait
Posted on 2/12/25 at 10:51 am to notiger1997
quote:
Bank of America
CEO Brian Moynihan said Wednesday that strong consumer spending so far this year means the Federal Reserve will probably hold off on cutting its benchmark interest rate.
The bank’s retail customers are spending about 6% more money in the first 40 days of this year compared with the same period in 2024, Moynihan told CNBC’s Leslie Picker. That rate is an acceleration from the spending growth seen in the final three months of last year, he noted.
“That’s driving price firmness, demand firmness,” Moynihan said. “You’re seeing activity that says that we’re probably in a period where rates are going to stay … where they are for a while until this settles in.”
The Bureau of Labor Statistics reported hotter-than-expected growth in the U.S. consumer price index earlier Wednesday, forcing markets to recalibrate rate expectations. The Fed began an easing cycle in September, cutting rates for the first time since the 2020 pandemic, but the central bank is seen as limited in how much it can cut by stubborn inflation.
“Rates are restrictive, but there was not enough sort of inflation progress that we made,” to cut rates, Moynihan said.
Bank of America research analysts expect no rate cuts in the immediate future because of elevated inflation, he added.
From CNBC
Posted on 2/12/25 at 11:15 am to ronricks
In all seriousness, the fed is probably going to cut rates sooner than the data indicates they should.
The reasoning for this, if it occurs, will be twofold:
One, the inflation we are seeing may not be related to velocity or supply of money. The initial inflation in 2021-2023 was because of the constant cash injections from assorted sources related to COVID legislation. Now, I think it’s just businesses pushing the envelope to see where consumer price tolerance is at. Interest rates won’t affect this type of inflation very well; in fact, higher rates may exacerbate it.
Second, the country CANNOT afford debt we financed at the higher rates over the last few years, especially in the setting of TCJA being made permanent. Trump knows this which is why he’s dead set on seeing these interest rates dropped.
Inflation is not going to get better until there is a 2008 style recession, IMO. The consumer has to break. Trump also knows this and that’s why the CFPB has been gutted. I think he’s trying to pull a Bill Clinton: set the stage for a economic catastrophe in the next 5-10 years, but adds enough liquidity to keep people floating credit card debt long enough until there is enough temporal distance between his term and the actual recession.
The reasoning for this, if it occurs, will be twofold:
One, the inflation we are seeing may not be related to velocity or supply of money. The initial inflation in 2021-2023 was because of the constant cash injections from assorted sources related to COVID legislation. Now, I think it’s just businesses pushing the envelope to see where consumer price tolerance is at. Interest rates won’t affect this type of inflation very well; in fact, higher rates may exacerbate it.
Second, the country CANNOT afford debt we financed at the higher rates over the last few years, especially in the setting of TCJA being made permanent. Trump knows this which is why he’s dead set on seeing these interest rates dropped.
Inflation is not going to get better until there is a 2008 style recession, IMO. The consumer has to break. Trump also knows this and that’s why the CFPB has been gutted. I think he’s trying to pull a Bill Clinton: set the stage for a economic catastrophe in the next 5-10 years, but adds enough liquidity to keep people floating credit card debt long enough until there is enough temporal distance between his term and the actual recession.
Posted on 2/12/25 at 12:02 pm to Hateradedrink
I finally got positive for the day wow down a lot to start the day
Posted on 2/12/25 at 12:09 pm to DarthRebel
We cut rates too fast. Fed resereve got ahead of itself. Not really a Biden thing.
Posted on 2/12/25 at 12:27 pm to I Love Bama
quote:I agree. The data did not support the cut. Some analysts have said, up to now, that the rates remain restrictive. I wonder if the latest data is changing their mind.
We cut rates too fast.
On a side note, I'm surprised the Nasdaq 100 bounced back (but maybe I missed something significant happening).
Posted on 2/13/25 at 9:17 am to RoyalWe
quote:
We cut rates too fast.
How did rate cuts cause this reports inflation
PPI brings us right back to where we were
Posted on 2/13/25 at 12:57 pm to Hateradedrink
quote:
Inflation is not going to get better until there is a 2008 style recession, IMO. The consumer has to break.
If Elon and Trump are successful with DOGE it will be deflationary. Government spending is what is causing the inflation.
Posted on 2/13/25 at 4:12 pm to lsu13lsu
quote:
Government spending is what is causing the inflation.
If you want to be reductionist, sure.
Specifically, it was government spending giving consumers and businesses a shite ton of cash from 2020-2022.
Posted on 2/14/25 at 2:48 pm to tigerbacon
Damn Republicans screwing the little guy again! The working man don’t stand a chance with that bunch!
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