Inflation drops to under 3%

[SI_NYC]

This echos what I’ve seen from our vendors. Many are lowering their prices which in turn allows us to lower our prices in our stores. Great for all.
https://www.nytimes.com/live/2024/0...ytcore-ios-share&referringSource=articleShare

 

[Funky Bunch]

 

[Whiskeydeltadeltatango]

Should be a good day for the markets.

 

[millah_22]

 

[St. Louis Hawk]

Rate cuts now!

 

[cfbfan23]

Only thing potentially stopping an interest rate cut(s) now are those job numbers.

 

[Sharky1203]

If that's such great news, why is everything still so expensive?

 

[SalAunese]

Prices are always sticky

 

[Whiskeydeltadeltatango]

If that's such great news, why is everything still so expensive?

It's still going up it just isn't going up past what the bean counters think is an acceptable rate. ( 2.9 is kinda the golden number right amart kids?)

 

[St. Louis Hawk]

Thanks Brandon!

 

[Sharky1203]

It's still going up it just isn't going up past what the bean counters think is an acceptable rate. ( 2.9 is kinda the golden number right amart kids?)

Well sh**, with .1% to go, let's print more money to send to Proxy wars.

 

[Chishawk1425]

 

[Whiskeydeltadeltatango]

View embedded media

Sure you don't want to change that to kamala?

 

[noleclone2]

Time for a small fed cut...

 

[Tiny Hands Trump]

We wouldn't have had inflation if we had just listened to Trump and cut taxes more, cut immigration off, added more tariffs, and had negative interest rates.

 

[B1GDeal]

 

[franklinman]

We wouldn't have had inflation if we had just listened to Trump and cut taxes more, cut immigration off, added more tariffs, and had negative interest rates.

Wrong, it was all those checks signed by Filthy DONALD. He gave me money that went straight into a saving account.

 

[luvmyhawks]

It's still going up it just isn't going up past what the bean counters think is an acceptable rate. ( 2.9 is kinda the golden number right amart kids?)

No. 2% is the golden ticket. The 2.9% you are quoting is the headline inflation. The core is 3.2% which is the one the fed cares about. It’s still too high.