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US CPI data release today

Posted on 2/14/23 at 7:10 am
Posted by I Love Bama
Alabama
Member since Nov 2007
37695 posts
Posted on 2/14/23 at 7:10 am
Markets are watching

Above 6.5 and the economy is fricked and we dump
6 to 6.5 we pump
below 6 and we explode




Posted by bayoubengals88
LA
Member since Sep 2007
18895 posts
Posted on 2/14/23 at 7:23 am to
Thanks. We'll see.
When is the report out?
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30550 posts
Posted on 2/14/23 at 7:26 am to
Risk is to the downside. A lot of the upside is baked in
Posted by wizard of smart
Member since Feb 2009
1545 posts
Posted on 2/14/23 at 7:26 am to


Prepare for liftoff
Posted by el Gaucho
He/They
Member since Dec 2010
52925 posts
Posted on 2/14/23 at 7:34 am to
The real CPI stands for “Child Predators Inoffice” and that’s 110%
Posted by macatak911
Metairie, LA
Member since Sep 2007
11072 posts
Posted on 2/14/23 at 7:35 am to
6.4
Posted by Pendulum
Member since Jan 2009
7042 posts
Posted on 2/14/23 at 7:36 am to
Big bounce in MOM.

Inflation isn't just going away boys.
Posted by slackster
Houston
Member since Mar 2009
84752 posts
Posted on 2/14/23 at 8:01 am to
quote:

Above 6.5 and the economy is fricked and we dump 6 to 6.5 we pump below 6 and we explode


Do you understand how CPI is calculated?

Below 6 was effectively impossible.
Posted by saint tiger225
San Diego
Member since Jan 2011
35371 posts
Posted on 2/14/23 at 8:04 am to
Posted by BottomlandBrew
Member since Aug 2010
27072 posts
Posted on 2/14/23 at 8:04 am to
The MoM increase is indeed a little concerning. Hopefully, it's the case of being a non-linear fall similar to how it was a non-linear climb.

Posted by slackster
Houston
Member since Mar 2009
84752 posts
Posted on 2/14/23 at 8:06 am to
quote:

The MoM increase is indeed a little concerning.


It’s concerning in the sense that it’s the wrong direction, but it was widely expected. Very few surprises in this print.
Posted by Boomer Rick
Member since Apr 2021
139 posts
Posted on 2/14/23 at 8:56 am to
Used cars down big surprise. The methodology for CPI is questionable to say the least.
Posted by go ta hell ole miss
Member since Jan 2007
13616 posts
Posted on 2/14/23 at 8:56 am to
quote:

Inflation isn't just going away boys.


Powell moving back to .25% was a mistake. He should have kept it at .5 and tried to kill inflation. If rates continue to go up and inflation remains so hot it will have a devastating longer term impact on the economy. The market will shrug this off because it wants to go higher right now, but more rate hikes are going to be inevitable and inflation will remain through the first 1/2 of this year.
This post was edited on 2/14/23 at 8:58 am
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51489 posts
Posted on 2/14/23 at 10:01 am to
If we see another .5 MoM when the Feb numbers come out in mid-March and job numbers remain high, I don't see how we don't get another .5 at the March meeting.
Posted by Hussss
Living the Dream
Member since Oct 2016
6742 posts
Posted on 2/14/23 at 10:20 am to
This is starting to look more and more like Problem (create it) - Reaction (gauge it) - Solution (raise rates to crush the economy and especially the middle class)

1) Send direct payments into the economy via “stimulus” checks, PPP, etc. to ignite inflation.

2) Keep raising rates AND jawboning “higher for longer.”

3) Crush the economy, especially the middle class, to bring in a totalitarian NWO.

Seems like a perfect plan when you open your eyes and clearly see the evil we are up against.

The WAR is on us.

WE are the “carbon” (we exhale carbon and trees take it in to give us oxygen) “THEY” want to eliminate.

Just like they hate the sun that gives us the Vitamin D to keep our immune systems strong so “THEY” chemtrail over the sun.

Just like “THEY” want to be the saviors of ALL “disease” with “vaccines” that maim, injure and handicap us.

They are laughing at us. Gaslighting us at every turn. Most “articles” are now made just to piss us off.

Wake up folks.

It takes all of us doing our part(s).

Godspeed

Posted by Hussss
Living the Dream
Member since Oct 2016
6742 posts
Posted on 2/14/23 at 10:38 am to
NOW, “they” are all giddy (like Bill Gates gets when talking about vaccine poisons) about killing jobs “to bring down inflation” because raising rates is barely working.

Sure hope you guys get it.

Sure hope you guys see it.

Sure hope you guys treasure what REALLY matters (TIME is what matters. It contracts. Money expands).

Much love
Posted by Thundercles
Mars
Member since Sep 2010
5033 posts
Posted on 2/14/23 at 11:08 am to
quote:

NOW, “they” are all giddy (like Bill Gates gets when talking about vaccine poisons) about killing jobs “to bring down inflation” because raising rates is barely working.


Raising rates was working, the Fed just pulled a chicken shite move and backed out before the job was done. He was soft in his last conference and people immediately went nuts. Look where it got us. Also killing jobs was always the plan. Too many people got shifted to high paying jobs that created no value, disrupting the labor force for the last two years. We're still in the midst of this return to normalcy.
Posted by slackster
Houston
Member since Mar 2009
84752 posts
Posted on 2/14/23 at 12:12 pm to
quote:

Powell moving back to .25% was a mistake. He should have kept it at .5 and tried to kill inflation.


It’s way too early to judge the January rate hike. The print today had nothing to do with that decision.
Posted by Turf Taint
New Orleans
Member since Jun 2021
6010 posts
Posted on 2/14/23 at 12:19 pm to
quote:

6 to 6.5


We are a malleable species.

Seems like just yesterday when 3.0 would not cause much of a reaction.
Posted by slackster
Houston
Member since Mar 2009
84752 posts
Posted on 2/14/23 at 12:20 pm to
quote:

Used cars down big surprise. The methodology for CPI is questionable to say the least.


The Manheim Used Vehicle index was up 2.5% in January and the CPI seasonally adjusted number was down 1.9%. That was a bit of a surprise, but, that same Manheim index was down 12.8% YoY vs CPI used prices being down 11.6% YoY, so is CPI just catching up?

My point is that these month to month numbers are more useful as a trend gauge than they are to make any significant extrapolations.
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