US says price increases eased last month but data may be distorted and Americans aren’t feeling it

[Codebreaker]

WASHINGTON (AP) — U.S. inflation slowed unexpectedly last month according to data that was delayed, and likely distorted, by the government shutdown.

The Labor Department reported Thursday that its consumer price index rose 2.7% in November from a year earlier. Yet, year-over-year inflation remains well above the Federal Reserve’s 2% target, and Americans are dismayed by the high cost of living.

The report was delayed eight days by the federal government’s 43-day shutdown, which also prevented the Labor Department from compiling overall numbers for consumer prices and core inflation in October. Thursday’s report gave investors, businesses and policymakers their first look at CPI since the September numbers were released on Oct. 24.

 

[LENBO]

I was surprised. It was a better number than anyone was expecting," says Harvard Professor of Economics Ken Rogoff on November inflation coming in WAY BELOW expectations. "It was positive news — there's no other way to spin it."

CNN

 

[Codebreaker]

I was surprised. It was a better number than anyone was expecting," says Harvard Professor of Economics Ken Rogoff

Quoting Harvard Economics professors? LMFAO. Those who can't teach. Trump polling lowest of any president in history. His economics number is in the dirt.

Maybe he needs more Harvard professors advising him on economics. I hear his good friend Larry Summers is available.

 

[LENBO]

Quoting Harvard Economics professors? LMFAO. Those who can't teach. Trump polling lowest of any president in history. His economics number is in the dirt.

Maybe he needs more Harvard professors advising him on economics. I hear his good friend Larry Summers is available.

61 forecasts

Not a single economist surveyed by Bloomberg got it right."

Better ?

 

[Codebreaker]

Of course not, trump shut the Gov't for 43 days, no one had accurate data. For all we know is Trump picked that number out of his ass and posted it himeself.

 

[LENBO]

Of course not, trump shut the Gov't for 43 days, no one had accurate data. For all we know is Trump picked that number out of his ass and posted it himeself.

There‘s always next month for the “experts” . Like every month after April that tariff gloom and doom has been predicted . Lol


Wait ’til the GDP number comes in North of 3% with a 43 day gov‘t shutdown .

 

[Codebreaker]

Sure, why not 12% GDP Trump fired all the folks at the BLS, he'll make up what ever number he wants. Unemployment -400% LMFAO

 

[LENBO]

47,951.85
USD▲ +65.88 (+0.14%) today
December 18, 4:20 PM EST · Market Closed

Can’t make this number up .
Market in a complete tailspin since Liberation Day . Lol !

 

[Codebreaker]

+.14% today quite impressive I must say.

But, sadly it was due, after the last 5 days of straight down. -847.

That AI bubble is ripe any day now. Maybe tomorrow or in 3 months. -25% then 50% ending at -80%. Boomers about lose everything at the speed of light. One day a millionaire the next in a soup line.

How is that Trump media doing -80%? Trump coin -92% since Jan 20th

 

[LENBO]

+.14% today quite impressive I must say.

But, sadly it was due, after the last 5 days of straight down. -847.

That AI bubble is ripe any day now. Maybe tomorrow or in 3 months. -25% then 50% ending at -80%. Boomers about lose everything at the speed of light. One day a millionaire the next in a soup line.

How is that Trump media doing -80%? Trump coin -92% since Jan 20th

Dow close on Liberaction Day . 42,225.32

The beginning of the end for the market according to Libtard Nation .

 

[Codebreaker]

It's started 2 months ago, The worm has turned bend over boomers it's gonna be quick but painful