Grocery, Housing & Daycare Prices & Working Class Americans

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gtyellowjacket said:
He didn't say 2%. He said .2% which was the monthly core inflation number. I think you just misheard him.
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I went back to review and I stand corrected .He did say core inflation rose "only" .2% last month .

So the annual rate remains on track at 3% which was very painful for voters leading up to the 2024 election

The unanswered question is what the impact of tariffs will be on CPI and core inflation by the end of the year.
 
heelinhell said:
I went back to review and I stand corrected .He did say core inflation rose "only" .2% last month .

So the annual rate remains on track at 3% which was very painful for voters leading up to the 2024 election

The unanswered question is what the impact of tariffs will be on CPI and core inflation by the end of the year.
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It's a really good question. The tariffs have been around for several months now, and they are not small, and inflation is trending slightly down. Companies have been absorbing those tariffs, for the most part, to maintain market share while hoping that Trump will relax those tariffs in ongoing trade talks.

I don't foresee companies taking the hit forever. Either the tariffs get relaxed and other factors influence inflation up or down or companies pass them along to consumers and inflation definitely goes up. That's my best guess.
 
gtyellowjacket said:
It's a really good question. The tariffs have been around for several months now, and they are not small, and inflation is trending slightly down. Companies have been absorbing those tariffs, for the most part, to maintain market share while hoping that Trump will relax those tariffs in ongoing trade talks.

I don't foresee companies taking the hit forever. Either the tariffs get relaxed and other factors influence inflation up or down or companies pass them along to consumers and inflation definitely goes up. That's my best guess.
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Excuse Me What GIF by Bounce

www.bbc.com

US inflation hits 3% for first time since January

The price increases remained milder than feared, keeping the US central bank on track to cut interest rates next week.
www.bbc.com www.bbc.com
 
gtyellowjacket said:
It's a really good question. The tariffs have been around for several months now, and they are not small, and inflation is trending slightly down. Companies have been absorbing those tariffs, for the most part, to maintain market share while hoping that Trump will relax those tariffs in ongoing trade talks.
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This is not what is happening. Industries most affected by the tariffs are showing significant inflation.
 


“…That was Biden's fault. A lot of this is Biden's fault, too. and we're going to get the price of beef down…”
 
p5mmr9 said:
This is not what is happening. Industries most affected by the tariffs are showing significant inflation.
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Core inflation is declining slightly. I'm sure there are some industries more affected and some industries less affected, and of course core inflation ignores food and energy, but on balance, inflation is declining very slowly. It is enough that the FED will almost definitely make a rate cut next meeting.
 
gtyellowjacket said:
Core inflation is declining slightly. I'm sure there are some industries more affected and some industries less affected, and of course core inflation ignores food and energy, but on balance, inflation is declining very slowly. It is enough that the FED will almost definitely make a rate cut next meeting.
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Core inflation was 2.77% in May. It’s 3.03% now. That’s declining slightly?
 
gtyellowjacket said:
It's a really good question. The tariffs have been around for several months now, and they are not small, and inflation is trending slightly down. Companies have been absorbing those tariffs, for the most part, to maintain market share while hoping that Trump will relax those tariffs in ongoing trade talks.

I don't foresee companies taking the hit forever. Either the tariffs get relaxed and other factors influence inflation up or down or companies pass them along to consumers and inflation definitely goes up. That's my best guess.
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So, companies would have been better off had they simply raised the corporate taxes back. They wouldn't have had the uncertainty they are currently dealing with and they would have know how much the tax is, instead of trump changing the tariff tax every other day to what every amount he likes that day?
 
UNCatTech said:
So, companies would have been better off had they simply raised the corporate taxes back. They wouldn't have had the uncertainty they are currently dealing with and they would have know how much the tax is, instead of trump changing the tariff tax every other day to what every amount he likes that day?
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Maybe. Most companies would like certainty in their tax bill. But there are trade-offs.

I do think some companies would prefer certain concessions from other countries around trade and fiscal policies over the certainty of their tax bill. Tariffs might be a way to get there. They may also be a way to tank the economy which they aren't going to like. Certain companies are getting bonked with reciprocating tariffs which they are going to hate.

So far, it could be argued, that the benefits of using these tariffs as a cudgel are overall somewhere between positive and neutral. There is no guarantee that this will continue.
 
Centerpiece said:
Jacket Math can be fluid, flexible and negotiable depending….
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Hey...

Only for the football team, not the rest of us.

My academic councilor one semester told me that the math i had signed up for was for the football team and I couldn't take it because i needed to take differential equations next.

Ultimately, while I passed diff Eq, I changed majors and really didn't need it.
 
4thgenheel said:
lmao at the notion that inflation still going up but going up slightly less than it went up last month is some sort of win in this environment.
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In April just before the tariff Liberation Day was declared, the core inflation rate was 2.8%

In June it was 2.9%
In July and August it was 3.1 %

But in September it reversed trend and dipped to 3 % ? What happened to cause this dip ?

Now I know Trump was outraged with the July and August reports and replaced the head of the BLS with a Heritage Foundation MAGA conservative, but surely that doesn't explain the sudden trend reversal in September. So why the trend reversal ?
 
4thgenheel said:
lmao at the notion that inflation still going up but going up slightly less than it went up last month is some sort of win in this environment.
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The core inflation rate is going down.

Are you expecting core inflation to be less than or equal to zero? I believe the last time that happened was at some point in the 1950's.
 
heelinhell said:
In April just before the tariff Liberation Day was declared, the core inflation rate was 2.8%

In June it was 2.9%
In July and August it was 3.1 %

But in September it reversed trend and dipped to 3 % ? What happened to cause this dip ?

Now I know Trump was outraged with the July and August reports and replaced the head of the BLS with a Heritage Foundation MAGA conservative, but surely that doesn't explain the sudden trend reversal in September. So why the trend
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Same way I turned an F into a B on my handwritten report card when I was in 5th grade. Easy.
 
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