re: Inflation rises to Fed&#39;s 2 percent target for first time in 5 years

Posted by Bass Tiger

Member since Oct 2014

46002 posts

Posted on 3/31/17 at 3:03 pm to Lou Pai

quote:
After nearly five years, inflation is finally back at the Federal Reserve's 2 percent target.

The Bureau of Economic Analysis reported Friday that inflation rose to a 2.1 percent annual rate in February, up from 1.9 percent the month before, according to the personal consumption expenditure price index.

The PCE price index, as it's known, is a different gauge than the more widely-cited consumer price index, but the one favored by the central bank for its inflation target.

It's been over 2% for several years according to my checking account and credit card statements. I won't even go into health care, insurance and property taxes, etc.

Posted by 90proofprofessional

Member since Mar 2004

24445 posts

Posted on 3/31/17 at 3:24 pm to Iowa Golfer

quote:
OK, like the detail you provided about tax policy?

I mean "great detail" compared to your usual. So really, I guess I'm asking you to just say exactly what you mean.

Unless you already have, in which case I would assume that you're simply saying that had Yellen not "telegraphed" (meaning forward guidance?) and not given "political speeches" (acknowledging inequality?) and not "set off a foreign central banker" (???) we'd have seen a v-shaped recovery? How much of the blame does Bernanke get?

Or did you actually mean something very different? Because this argument sounds frankly laughable. Perhaps I have misunderstood it.

Posted by Bass Tiger

Member since Oct 2014

46002 posts

Posted on 3/31/17 at 3:26 pm to Bass Tiger

quote:
It's been over 2% for several years according to my checking account and credit card statements. I won't even go into health care, insurance and property taxes, etc.

Hmm, down voted. Probably works in the banking industry.

Posted by Iowa Golfer

Heaven

Member since Dec 2013

10229 posts

Posted on 3/31/17 at 3:51 pm to 90proofprofessional

She / they, should have raised interest rates a long while ago. There was nothing stopping them frm doing this, and they had opportunity.

And their heroic stand in December of 2015? The very definition of government overreach. There were many other options to "build cushions against losses".

I'll provide even more detail when you actually do. Which is to say, likely never.

Posted by 90proofprofessional

Member since Mar 2004

24445 posts

Posted on 3/31/17 at 4:20 pm to Iowa Golfer

quote:
There was nothing stopping them frm doing this, and they had opportunity.

How about being below their inflation target, and below full employment?

quote:
And their heroic stand in December of 2015?

Say what you mean, man.

quote:
I'll provide even more detail when you actually do.

What are you talking about? You said it was her fault it took so long to get to this point. Why? You don't need to be detailed as long as you actually give a specific reason that makes some sense.

Posted by League Champs

Bayou Self

Member since Oct 2012

10340 posts

Posted on 3/31/17 at 4:24 pm to Lou Pai

quote:
rose to a 2.1 percent annual rate in February

And which President would this have been his first full month in office?

C'mon now, don't be bashful. You can tell us

Posted by Lou Pai

Member since Dec 2014

28104 posts

Posted on 3/31/17 at 4:31 pm to League Champs

Motherfricking TRUMP!

Posted by tarzana

TX Hwy 6--Brazos River Backwater

Member since Sep 2015

26138 posts

Posted on 3/31/17 at 8:21 pm to Lou Pai

If the current rise in the price of gasoline is any barometer, I don't like the inflationary trend.

Prices were under control during the Obama Presidency.

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