U.S. Inflation Update: June PCE Inflation Edges Higher Than Expected \ stacker news ~econ

U.S. Inflation Update: June PCE Inflation Edges Higher Than Expected

475 sats \ 15 comments \ @TomK 26 Jul econ

The latest June data shows the Fed's preferred inflation gauge, PCE inflation, at 2.6%, slightly above the anticipated 2.5%. Core PCE inflation matched expectations, maintaining at 2.5%.

Despite the flat PCE inflation rate, the Producer Price Index (PPI) is on the rise. Personal spending for June increased by 0.3%, aligning with predictions and improving from May’s 0.2%. However, personal income growth slowed to 0.2%, falling short of the 0.4% forecast and down from 0.5% in May.

https://m.stacker.news/41735

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58 sats \ 1 reply \ @IamSINGLE 26 Jul

Now, suddenly everything's getting positive!!

68 sats \ 0 replies \ @JesseJames 26 Jul

Election year, of course it does... :-)

47 sats \ 0 replies \ @Coinsreporter 27 Jul

All in all it's just average data!

47 sats \ 7 replies \ @Satosora 26 Jul

These numbers cant be right....can they? Stuff is not going in the positive direction. I was just at the grocery store.

20 sats \ 6 replies \ @TomK OP 26 Jul

prices continue to rise, but not as fast as recently.

47 sats \ 5 replies \ @Satosora 26 Jul

They should be going down if we are getting better.

20 sats \ 4 replies \ @TomK OP 26 Jul

This would be killing our beloved fiat ponzi. Before thst happens they will pump the shit out of it

47 sats \ 3 replies \ @Satosora 26 Jul

Do you think it is the government, or the companies that are being greedy?

20 sats \ 2 replies \ @TomK OP 26 Jul

the government, which creates debt with printed money and thus robs the population of purchasing power in the future, makes it easy for itself by, in conjunction with the media, blaming greedy entrepreneurs as the cause of inflation. it is the same everywhere and always the same, and as long as people do not deal with the matter, they will also believe the lies told by politicians. Prices are set on the market and not by entrepreneurs. these clowns have never heard of competition

47 sats \ 1 reply \ @Satosora 26 Jul

I have a feeling it is both. A major problem is the government causing inflation.

0 sats \ 0 replies \ @TomK OP 27 Jul

Debt-based gov spending to buy votes.... it's always the same

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47 sats \ 1 reply \ @Undisciplined 26 Jul

I didn't realize we had even gotten down to target on those shorter-term metrics.

42 sats \ 0 replies \ @TomK OP 26 Jul

Creative calculation

47 sats \ 0 replies \ @Cje95 26 Jul

I am listening to CNBC and they do not think this changes the rate changes but does see another stock market pullback

0 sats \ 0 replies \ @BitcoinAbhi 27 Jul

Not really good for U.S. and for the global fiat world. May be Trump will endorse Bitcoin and the World becomes a better place.