Economy US Inflation hits a 12 month low of 6.5%

[Queen B]

I think it will start plateuing soon but if we can get the inflation to 2-3% without a recession, then we can thank Biden and the Dems for their economic spending bills.

 

[Fake Doctor]

Anyone else find it funny that you can immediately tell the story the person making the graph is trying to tell about inflation by the scale of the visual representation? That one on the far right is like, 1/5 as tall as the big one in the middle - inflation must be super, super low! It's less than half the height of the month before - what a massive decrease!

 

[Queen B]

Even experts got it wrong. The Dems know what they are doing.




The only real question is if the Republican House will stop the Dems from making progress

 

[My name is]

It's all just some bs numbers shits still expensive the government is still full of shit

 

[Dalarna3]

Yes, the government created a recession to stop inflation. Like shooting yourself to treat poisoning yourself.

 

[SakurabasEar]

> thanks the POTUS for helping inflation

 

[Rational Poster]

Yes, the government created a recession to stop inflation. Like shooting yourself to treat poisoning yourself.

Lowest rate of unemployment too. Weird recession.

Usually during a recession there's massive waves of unemployment.

 

[Queen B]

Lowest rate of unemployment too. Weird recession.

Usually during a recession there's massive waves of unemployment.

If Biden and the Dems can engineer record low unemployment, high wages, while bringing down the Recession, its a surefire way to get re-elected.

Although Biden cant take all of the credit, a lot of the inflation and low unemployment was due to deaths from Covid and disabilities from Long Covid

 

[44nutman]

Anyone else find it funny that you can immediately tell the story the person making the graph is trying to tell about inflation by the scale of the visual representation? That one on the far right is like, 1/5 as tall as the big one in the middle - inflation must be super, super low! It's less than half the height of the month before - what a massive decrease!

It’s not the size of the bar in the graph it’s how you use it.

 

[44nutman]

The only real question is if the Republican House will stop the Dems from making progress

Call it Biden Inflation and they will be too busy impeaching it.

 

[Jack V Savage]

Anyone else find it funny that you can immediately tell the story the person making the graph is trying to tell about inflation by the scale of the visual representation? That one on the far right is like, 1/5 as tall as the big one in the middle - inflation must be super, super low! It's less than half the height of the month before - what a massive decrease!

Not really. Month-over-month figures for the last six months are -0.02%, 0.12%, 0.39%, 0.44%, 0.1%, and -0.08%. Annualize that and we're actually running below the 2% target over that period (it's about 0.9% over the six months as a whole). For those of us who look at numbers to help understand reality rather than to try to argue for a narrative like a lawyer, it's pretty significant that it's now been a full six months with low inflation. I don't know that we can say definitively that the threat is over, but at this point, it sure looks like what we saw was a spike followed by a return to normal, as most economists expected. Especially considering that there's downward pressure going forward because of the lag in the rent effect. Raises the question about whether the Fed should look at stepping off the brakes (complicated by the fact that the aggressive response might have caused the quick return to normal and such action could change expectations in a way that sends it back up).

 

[ShadowRun]

So the interest rates will go down right ? ..nah

 

[Dalarna3]

Lowest rate of unemployment too. Weird recession.

Usually during a recession there's massive waves of unemployment.

Also check the labor participation rate. https://m.washingtontimes.com/news/2022/dec/16/biden-administrations-claim-1-million-jobs-added-s/

 

[Cajun]

Anyone else find it funny that you can immediately tell the story the person making the graph is trying to tell about inflation by the scale of the visual representation? That one on the far right is like, 1/5 as tall as the big one in the middle - inflation must be super, super low! It's less than half the height of the month before - what a massive decrease!

That is pretty funny. Starting from 6 haha. But I'm happy it's going down. Can't spend less than 100.00 unless you buy 2 things

 

[Jack V Savage]

So the interest rates will go down right ? ..nah

Not down. The economy is still running strong, and core is a little hotter than the headline number. Might not need to see the same size increases as expected, though.

 

[Cajun]

Not really. Month-over-month figures for the last six months are -0.02%, 0.12%, 0.39%, 0.44%, 0.1%, and -0.08%. Annualize that and we're actually running below the 2% target over that period (it's about 0.9% over the six months as a whole). For those of us who look at numbers to help understand reality rather than to try to argue for a narrative like a lawyer, it's pretty significant that it's now been a full six months with low inflation. I don't know that we can say definitively that the threat is over, but at this point, it sure looks like what we saw was a spike followed by a return to normal, as most economists expected. Especially considering that there's downward pressure going forward because of the lag in the rent effect. Raises the question about whether the Fed should look at stepping off the brakes (complicated by the fact that the aggressive response might have caused the quick return to normal and such action could change expectations in a way that sends it back up).

I think he just means adjusting the graph so it looks incredible. The graph begins at 6 and ends at 9.5. Not 0-10. The significance is a good thing and glad it's going down no matter the case. 0-1% can look better if the graph is 0-1.25.

 

[Queen B]

Not down. The economy is still running strong, and core is a little hotter than the headline number. Might not need to see the same size increases as expected, though.

0.25% on Feb 1.

Another 0.25% after. Pause until Q3 and reduce interest rate.

 

[Jack V Savage]

I think he just means adjusting the graph so it looks incredible. The graph begins at 6 and ends at 9.5. Not 0-10. The significance is a good thing and glad it's going down no matter the case.

If someone were deliberately gaming the data presentation to mislead, they'd do it very differently, and the guy is pathologically distrustful. Simple fact is that there's no way to spin the numbers as showing anything other than very big improvement. When the numbers were rising, we did see a lot of bullshit along those lines (like "inflation is up X% but some specific items in the basket of goods are up >X%" for example). I'm sure if you look around, you can find more something like that going the other way.

 

[Belaya Smert]

Thank goodness we can raise interest rates to help cut inflation in Joe Biden’s America.

 

[Rational Poster]

Also check the labor participation rate. https://m.washingtontimes.com/news/2022/dec/16/biden-administrations-claim-1-million-jobs-added-s/

I mean that's easily explained, we have an aging population.