US consumer prices rose at an annual pace of 8.3 per cent last month, more than economists’ expectations and staying at a four-decade high, underscoring the urgency of the Federal Reserve’s push to stamp out inflation.
Although the consumer price index moderated for the first time in eight months — it was a step down from the 8.5 per cent increase recorded in March — it was slightly above economists’ expectations of an 8.1 per cent rise. An underlying gauge of inflation also rose more than expected, highlighting stresses on American households and the challenge for the Biden administration.
I am curious... really curious here folks. Why does anyone support this sort of economic disaster? I mean, Biden and gang pretend today that "nobody" could have expected it, when almost "everyone" in the economic community told them it would happen if they kept flooding the economy with stimulus money. It was Econ 101 and they either do not understand it or they pretend that they don't. Either they are incompetent or horribly dishonest.
I mean if you are for inflation, $5.00/gallone gas, supply chain problems like no baby formula, and stagnant wages then please explain why? What possible good is any of this doing for anyone? It's not helping the poor? It's not helping minorities? It's not helping the LBGTQ+ community? Why do you support it? What possible good is it doing? Are you happy that people are living on the street because they can no longer afford rent? Are you happy that businesses are closing because of higher overheads and more restrictions?
Is it all worth is... so you don't have to read a mean tweet?
29 comments:
Most economists expect the 12-month inflation rate to come down in coming months, in part due to arithmetic factors known as base effects. That is, the consumer-price index rose sharply in the spring and early summer of 2021. As those earlier readings fall out of the basis for comparison, the 12-month inflation readings will likely decline, even if inflation accelerates on a monthly basis.
The Wall Street Journal wants to hear from you. How is inflation affecting you?
https://www.wsj.com/articles/us-inflation-consumer-price-index-april-2022-11652218520?st=4g9iqowr4xnyn3k&reflink=share_mobilewebshare
It's called a rolling average. And it will also be pushed higher by the continued rise in food, energy, housing and rent prices. Those economists know this. You do not
You used a highly partisan website.
I use the Wall Street Journal because they are not particularly partisan despite being owned by conservatives who don't worship Trump
Americans paid less for gasoline but more for groceries and air travel last month as the broader pace of inflation eased slightly but remained historically high.
A fall in energy costs led the way toward the smaller overall gain, with gasoline prices dropping a seasonally-adjusted 6.1% in April, following a steep advance in crude-oil prices in March after Russia’s invasion of Ukraine. Groceries rose by 1% over March and were up 10.8% over the last 12 months, the largest 12-month increase since November 1980, the Labor Department said
Wsj
U.S. Inflation Eased in April to 8.3% Annual Rate
Inflation rate fell for first time in eight months as energy prices moderated.
You're dreaming. Gas is at or near all time high, depending on location. Over $6/gal in CA.
It will take years to unwind this Biden inflation.
Idiot. You don't boast over marginal fluctuation. Still at 40 year high.
The bottom line is that we will not have a recession.
https://www.wsj.com/articles/us-inflation-consumer-price-index-april-2022-11652218520?st=f29tsubqjw79y0y&reflink=share_mobilewebshare
The war in Ukraine is the major factor on gasoline prices . Something that the president is not responsible for baldness
The Economy is the Top issue to women.
Biden has zero plan.
The problems in the country are at the feet of this doddering old fool, you doddering old fool
Inflation is not the driving factor. It's like I said before that social issues matter.
How Democrats Can Beat Midterm Expectations
May 11, 2022 at 11:06 am EDT By Taegan Goddard 28 Comments
By nearly every historical marker, the upcoming midterm elections should be very rough for Democrats.
But there are at least two polling anomalies worth watching:
1. There’s a growing divergence between Joe Biden’s approval rating and the generic congressional ballot.
Throughout modern polling history the president’s approval has been a key indicator for his party’s success in the midterms. But there’s a significant gap between Biden’s net approval and the generic ballot for congressional races.
For instance, in the latest Yahoo News/YouGov poll, Biden has a net negative 12-point approval, while Democrats have a positive 5-point lead on the generic ballot.
2. Donald Trump’s unfavorability may be just as important as Biden’s approval.
The key swing vote in this year’s midterm elections could be those who dislike both Trump and Biden. That’s not an insignificant number and a huge opportunity for the party that can capture their votes.
In the end, the midterm elections will likely be decided by the party that can keep the focus on the issues where they have advantages — while neutralizing the other party’s strength on other issues.
For instance, Republicans seemingly have an advantage on economic issues — particularly inflation — and with immigration. Meanwhile, Democrats are seen as the top party on abortion rights, voting rights and protecting the rights of citizens based on gender or race.
Matthew Dowd argues that “the GOP is spending way too much time delving into cultural issues that Democrats lead on.”
“Meanwhile, Democrats are spending too much time worrying and talking about inflation and the economy and not enough time raising the stakes of this election and making a broader argument based on fundamental rights and American democracy.”
The party that can keep the focus on “their issues” will likely do better than expected.
Like the crazy Senator from Florida
The Trump backend candidate in Nebraska got his as kicked.
Improving supply chains have also taken the edge off rapid price gains for vehicles—used car and truck prices were up 35.3% in March from a year earlier—and other goods. However, new sources of inflationary pressure are replacing those.
“Now what we’re starting to see is that pressure is no longer emanating from the supply side—it’s emanating from the labor-market side. And that’s less likely to go away on its own,” said Ms. Markowska. “So the Fed will have to work that much harder to get us back to 2% inflation.”
The U.S. economy added 428,000 jobs in April, the 12th straight month in which job gains exceeded 400,000. Despite the furious pace of hiring, there was still a yawning gap between job openings and the pool of available workers—a sign that demand for labor is far outstripping supply. Employers are trying to hire workers to meet increased demand, posting 11.5 million job openings earlier this spring, the highest in records dating to 2000. The number of times workers quit also rose to a record high in March, at 4.5 million.
https://www.wsj.com/articles/us-inflation-consumer-price-index-april-2022-11652218520?st=cs6oc2xs5j6nq15&reflink=share_mobilewebshare
Only dementia patients locked down with the 5th Beatle, think social issues over gas and people feeding their families is more important
You idiot.
You really should have someone check you out of your mental ward and walk around outside
The stock market has no problems
Stocks rose Wednesday, as investors tried to look past the latest U.S. inflation data.
The S&P 500 climbed 1%, the Nasdaq Composite gained 0.2%, and the Dow Jones Industrial Average advanced 356 points, or 1.1%.
“I think there’s a hope, and I emphasize hope, that we’ve seen the peak in the rate of change in CPI,” said Peter Boockvar of Bleakley Advisory Group.
Chevron was the best-performing Dow stock, climbing nearly 4%. Merck shares also popped more than 3%. Energy led the S&P 500 higher, with the sector jumping 4.3%, while utilities and materials each gained more than 2%.
Trump is 58-1. And the board idiot brags about the one. Good grief.
Roger , he only acts stupid, right?
"No Recession" Alkynomics
Highest Prices In History , AAA
HIGHEST RECORDED AVERAGE PRICE
Unleaded $4.40 5/11/22
Diesel $5.55 5/11/22
Idiot. You don't boast over marginal fluctuation
BWAAAAAAAAAA!!!!! What ever you post must be correct being the genius you are!!!!!! Looks like a peak has occurred and progress made in the right direction!!!! Market mixed but dow and s+p up modestly tells a lot!!!!!
Anonymous Caliphate4vr said...
Only dementia patients locked down with the 5th Beatle, think social issues over gas and people feeding their families is more important
You idiot.
Imagine the degree of mental illness one must suffer from to try and spin ANY of the recent economic news as good.
And then to prattle on about Trump's UNpopularity after the man goes 58-1 in victorious primary candidates.
Mathew Dowd. Is he still enjoying Arnold's sloppy seconds?
LOL.
Oil futures prices are up 6 percent today
that's for a DAY
wonder what that is indicating for future gas prices and then food prices?
Joe is really good when he totally focusses on something and it's his top priority
you know, the thing
looks like the thing is 10% for the big guy
whoever that is
Crude Oil
105.68
+5.92(+5.93%)
MarketWatch
Oil prices are surging — these eight stocks are still bargains for long-term investors
Many oil and gas companies are still trading cheaply to expected earnings. And low spending on new oil wells supports high energy prices for years to come.
continues:
https://www.marketwatch.com/story/8-oil-stocks-that-are-still-bargains-for-long-term-investors-11652280314
thanks Joe
what a pathetic "president"
Biden gave a speech yesterday that Alky loved.
Here is plan to lower gas prices, fo o I d, put Baby Formula in the hands of moms and in the bodies of infants : nothing.
He told us.
Biden: “I Guarantee You We’re Going To End Fossil Fuel”
The stock market has no problems?
Wow... I mean it has lost value almost every day for weeks and is down 100 points today... NASDAQ is down 223.
Things are crashing, Roger...
What sort of idiot suggest that the Market is doing fine?
Someone with no investments is who!
This idiot
"The Real Halfbaked Soars Pundit May 11, 2022 at 10:32 AM
The bottom line is that we will not have a recession."
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