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re: Consumer prices rose 7.1% last month compared to a year ago
Posted on 12/13/22 at 3:45 pm to lsu13lsu
Posted on 12/13/22 at 3:45 pm to lsu13lsu
quote:
Huh? MoM at 0.1% isn't some insane number and well within what the Fed is targeting.
No, but as long as it's still going up while job creation remains strong, the Fed is going to continue to raise rates.
When looking at inflation over the last two years, we could do with some negative inflation.
1
Posted on 12/13/22 at 3:53 pm to Bard
quote:
but as long as it's still going up while job creation remains strong
labor market is starting to show signs the interest rates are working. Every company around has announced layoffs.
Posted on 12/13/22 at 4:08 pm to RLDSC FAN
The second part of the double dip recession is coming fast and it’s going to be brutal in the second half of 2023.
Posted on 12/13/22 at 4:32 pm to RLDSC FAN
Wait until demand actually goes back on gas and we can't borrow (steal) from the reserves.
Posted on 12/13/22 at 5:27 pm to RLDSC FAN
Not going to lie we had a decent profit margin in 2020 and 2021. Decided to give employees a $1.50 an hour raise (We are quick serve food industry) in 2022. However I am rescinding that in 2023 because this year has been atrocious with inflation, and our sales have gone down along with COG’s going up by 18%.
Posted on 12/13/22 at 5:31 pm to lsu13lsu
quote:
labor market is starting to show signs the interest rates are working. Every company around has announced layoffs.
I've seen those bits of news too, the problem is those cuts and hiring freezes aren't showing up as job losses yet. Job growth has slowed, but it's still way too strong and beating estimates (November, for example, was estimated to see 200k in new jobs, we got 263k instead).
Posted on 12/13/22 at 5:42 pm to RLDSC FAN
This is the price to putting it to Putin.
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