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US Core Inflation Seen Returning to 40-Year High as Rents Rise - Bloomberg
Posted on 10/12/22 at 7:31 am
Posted on 10/12/22 at 7:31 am
We are so fricked LINK
quote:
A key US inflation measure due Thursday is set to return to a four-decade high, underscoring broad and elevated price pressures that are pushing the Federal Reserve toward yet another large interest-rate hike next month.
quote:
The so-called core consumer price index that excludes food and energy is projected to rise 0.4% in September from the prior month and 6.5% from a year earlier, matching the rate seen in March that was the highest since 1982. But about a third of economists in a Bloomberg survey expect a print of 6.6% or more.
The overall CPI, however, is expected to decelerate to a still-rapid 8.1% annual pace, restrained by a decline in gasoline prices, based on the median estimate.
This post was edited on 10/12/22 at 8:15 am
27
Posted on 10/12/22 at 7:32 am to BrianKellyRespecter
transitory.
Posted on 10/12/22 at 7:32 am to BrianKellyRespecter
So not only are we in recession, but the Fed has more justification for rate hikes because we still have an inflation problem.
Stagflation is back. Time for the misery index to return.
Stagflation is back. Time for the misery index to return.
Posted on 10/12/22 at 7:37 am to BrianKellyRespecter
Producer price index just out for September. Up 0.4%. That is double the expectation
Posted on 10/12/22 at 7:38 am to BrianKellyRespecter
The coming depression will be transitory so no worries
Posted on 10/12/22 at 7:39 am to BrianKellyRespecter
100 year high coming next
Posted on 10/12/22 at 7:41 am to BrianKellyRespecter
quote:
Rents Rise
I know everyone on the OT is a home-owning 6 figure salaryman with net-worths in the millions, but the rent crisis is becoming a really serious issue.
Posted on 10/12/22 at 7:41 am to BrianKellyRespecter
Isn’t that article a little off? It says inflation is up 6.5% from a year ago? I think everyone knows inflation is up from a year ago. The big issue is if it’s up over month to month at this point correct?
Posted on 10/12/22 at 7:45 am to goofball
quote:
Stagflation is back. Time for the misery index to return
It's only stagflation with no growth.
We're more likely looking at an inflationary recession. Which is worse. Negative growth with out of control inflation.
Posted on 10/12/22 at 7:46 am to BrianKellyRespecter
Greatest Economic Recovery Ever, Jack!
-Biden
-Biden
Posted on 10/12/22 at 7:46 am to bayoutiger225
They play with the numbers to make it seem less. I was shocked to learn it doesn’t take into consideration package changes or innovation. If a 3# chub of beef is $12 and they decide to start selling chubs in 2# for $12 that is no inflation. The 360p tv that was $1200 years ago is now $125 so that’s a huge deflation
Posted on 10/12/22 at 7:47 am to BrianKellyRespecter
Potato Joe doin work. 
Making history. Leaving his mark.
Making history. Leaving his mark.
Posted on 10/12/22 at 7:47 am to bayoutiger225
For the year ending in August 2022, producer prices for goods rose 12.2 percent while producer prices for services went up 6.6 percent. Producer prices for foods went up 13.1 percent, while producer prices for energy rose 25.9 percent. Producer prices for transportation and warehousing rose 17.8 percent.
Posted on 10/12/22 at 7:49 am to bayoutiger225
quote:
The big issue is if it’s up over month to month at this point correct?
PPI just came out at 0.4% higher for September.
Posted on 10/12/22 at 7:52 am to agdoctor
quote:Well, the biggest cheat they undertake is their removal of two of the biggest financial impacts in food and energy.
They play with the numbers to make it seem less.
This post was edited on 10/12/22 at 7:58 am
Posted on 10/12/22 at 7:52 am to goofball
quote:
So not only are we in recession, but the Fed has more justification for rate hikes because we still have an inflation problem.
A poster said last year the fed should just rip the band aid and raise rates to 15%.
Posted on 10/12/22 at 7:53 am to tigerpimpbot
quote:
Potato Joe doin work
Inflation Reduction Act baby
Posted on 10/12/22 at 7:53 am to BrianKellyRespecter
Article is behind a paywall. Can you post it or at least give some quotes?
Posted on 10/12/22 at 7:58 am to LSUtoBOOT
quote:
poster said last year the fed should just rip the band aid and raise rates to 15%.
Or whatever the real inflation rate is, yeah.
Last guy that did it was Paul Volcker. It was painful but it worked.
He's dead and no one has the political balls to do it.
Plus, all they do is continue printing and inflating, driving people away from savings and into the stock market. This will just continue until these practices are ended.
Mises- how easy money creates the boom-bust cycle
Posted on 10/12/22 at 8:00 am to GetCocky11
quote:
I know everyone on the OT is a home-owning 6 figure salaryman with net-worths in the millions, but the rent crisis is becoming a really serious issue.
I have no doubt the Biden administration will make it 10x worse. Democrats have no idea how to deal with rising rents. They will try some draconian measures like rent control which only make the problem worse.
This depression is going to be one for the history books
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