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Inflation numbers come in a little hotter than anticipated

Posted on 10/10/24 at 8:47 am
Posted by stout
Porte du Lafitte
Member since Sep 2006
182247 posts
Posted on 10/10/24 at 8:47 am
Still the lowest increase in 3 years





quote:

The September figures, at a glance:

YoY: 2.4% increase in September from a year ago vs. 2.3% expected

MoM: 0.2% increase in September from August vs. 0.1% expected

Core YoY: 3.3% increase in September from a year ago vs. 3.2% expected

Core MoM: 0.3% increase in September from August vs. 0.2% increase expected



LINK



No relief for the 10-year yield which means mortgage rates that have actually gone up since the rate cut will probably continue to do so
This post was edited on 10/10/24 at 8:48 am
Posted by BigPerm30
Member since Aug 2011
32045 posts
Posted on 10/10/24 at 8:48 am to
Soft landing as we lower interest rates
Posted by HoopsAurora
Member since Apr 2024
1880 posts
Posted on 10/10/24 at 8:49 am to
Building back better, right commies?
Posted by stout
Porte du Lafitte
Member since Sep 2006
182247 posts
Posted on 10/10/24 at 8:49 am to
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
97978 posts
Posted on 10/10/24 at 8:50 am to
quote:

No relief for the 10-year yield which means mortgage rates that have actually gone up since the rate cut will probably continue to do so


Its normal after the first cut

Jobless claims back up big

At what point are they going to report shelter costs accurately
Posted by ItNeverRains
Offugeaux
Member since Oct 2007
28166 posts
Posted on 10/10/24 at 8:50 am to
Hotter than who anticipated?

The experts??



It’s pretty clear the experts in this country are a microwaved diaper full of baby food turds & tuna fish.
Posted by stout
Porte du Lafitte
Member since Sep 2006
182247 posts
Posted on 10/10/24 at 8:52 am to
quote:

Jobless claims back up big



The last employment report was up big if you believe it which also doesn't bode well for the 10-year yield. It shot the yield back over 4%
This post was edited on 10/10/24 at 8:53 am
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
97978 posts
Posted on 10/10/24 at 8:54 am to
quote:

The last employment report was up big if you believe it


No one believes it. Its why the Fed is still on target for another.25, .25 cut this year
Posted by ronricks
Member since Mar 2021
12161 posts
Posted on 10/10/24 at 8:55 am to
The wishcasting for more rate cuts by the usual suspects on here is going to be even more cringe than it already is.
Posted by stout
Porte du Lafitte
Member since Sep 2006
182247 posts
Posted on 10/10/24 at 8:55 am to
The next rate cut is predicted in November. If October numbers also come in higher than expected I doubt we see a cut.
Posted by Paddyshack
Land of the Free
Member since Sep 2015
11062 posts
Posted on 10/10/24 at 8:56 am to
quote:

Overall prices are up 20.5%

lol! I wish
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
97978 posts
Posted on 10/10/24 at 8:56 am to
Well thats not what the Fed members just said

Posted by stout
Porte du Lafitte
Member since Sep 2006
182247 posts
Posted on 10/10/24 at 8:56 am to
quote:


The wishcasting for more rate cuts by the usual suspects on here is going to be even more cringe than it already is.


You and I don't agree on a lot but we agree here. Rates need to hold steady for a while. We aren't in the clear at all yet. The soft landing is bullshite.
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
64356 posts
Posted on 10/10/24 at 8:56 am to
You have to understand that there's a deliberate attempts to quietly dismantle the US economy. It's not going to happen all at once or drop racially but slowly they'll dismantle it and you'll be gaslit and lied to the entire way down. None of the people in charge have any interest in telling you the truth. They only care about keeping people quiet and complacent as it happens.


Posted by stout
Porte du Lafitte
Member since Sep 2006
182247 posts
Posted on 10/10/24 at 8:57 am to
quote:

Well thats not what the Fed members just said



I don't see any justification to lower rates in November if inflation comes in hotter than expected two months in a row right after the .50bps cut. It would make zero sense.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
97978 posts
Posted on 10/10/24 at 9:00 am to
The Fed has never made any sense on what they do

But they seem confident as frick that they are cutting another .5

We will see what PCE says cause they dont even look at CPI

Which they shouldnt since its heavily weighted with shelter which is way way off
Posted by elposter
Member since Dec 2010
26700 posts
Posted on 10/10/24 at 9:00 am to
Shocking that cutting rates when according to the Feds own metrics/prior comments it was still premature, is going to be inflationary.

If you properly account (discount) for the roaring government spending that is disproportionately propping up the GDP are we ready to admit stagflation is here?

The “soft landing” looks to have been in a pit of quicksand.

Posted by DUKE87
Covington, LA
Member since May 2021
1710 posts
Posted on 10/10/24 at 9:19 am to
Technically 10k or so Boeing machinists employees are without a job. Currently on strike.
Posted by lowhound
Effie
Member since Aug 2014
10352 posts
Posted on 10/10/24 at 9:20 am to
20.5% since she took office is some bullshite too.
Posted by TDTOM
Member since Jan 2021
25893 posts
Posted on 10/10/24 at 9:25 am to
Well,my homeowners insurance just went up 57% so everyone can kiss my arse.
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