With the Federal Reserve at last reversing course and lowering short-term interest rates by 50bps this week, we can officially say that a chapter of US economic history has ended.
Sorry Mr. Optimist but you obviously are just as tone deaf as the whole biden administration. Inflation is still high if you measure it correctly. Call it what you want but when grocery staples are twice as high as they were 4 years ago, we consider that "Inflation". Keep telling us it's not and kamala will pay for it
If you actually read the piece rather than reacting emotionally you will note that the point is that statistical inflation is over, not that there wasn’t inflation (there was) or that prices then start coming down (they won’t). Inflation is a statistic (or rather a set of stats that include but aren’t limited to PCE and CPI), not an experience. It is a statistic that measures how fast prices are rising, not how much they have risen.
I did read it and noted your explanations. Most current news sources do not explain as you did the difference. Sorry to lump you in with biden, That was insulting. I was merely stating that real life inflation is still very real to the middle class on down and the media telling us it's not is pissing people off.
Eric Weinstein relates how CPI began to be manipulated with the help of Harvard men in the 1990s. Additionally, if I weigh 100 lbs and gain 100lbs, the rate is 100%. 200 lbs to 300 lbs is 50%. Inflation is going down folks!
Sorry Mr. Optimist but you obviously are just as tone deaf as the whole biden administration. Inflation is still high if you measure it correctly. Call it what you want but when grocery staples are twice as high as they were 4 years ago, we consider that "Inflation". Keep telling us it's not and kamala will pay for it
If you actually read the piece rather than reacting emotionally you will note that the point is that statistical inflation is over, not that there wasn’t inflation (there was) or that prices then start coming down (they won’t). Inflation is a statistic (or rather a set of stats that include but aren’t limited to PCE and CPI), not an experience. It is a statistic that measures how fast prices are rising, not how much they have risen.
I did read it and noted your explanations. Most current news sources do not explain as you did the difference. Sorry to lump you in with biden, That was insulting. I was merely stating that real life inflation is still very real to the middle class on down and the media telling us it's not is pissing people off.
You're getting soaked in a downpour but ignore it because your weather App says it's dry and sunny!
*Cumulative inflation has entered the chat.*
Eric Weinstein relates how CPI began to be manipulated with the help of Harvard men in the 1990s. Additionally, if I weigh 100 lbs and gain 100lbs, the rate is 100%. 200 lbs to 300 lbs is 50%. Inflation is going down folks!