https://www.bls.gov/news.release/cpi.nr0.htm
Consensus forecast was for 0.3% MoM, 2.9% YoY, so actual figures surprised on the high side.
Core CPI (all items less food and energy) rose 0.4% MoM, 3.3% YoY (compared with 0.2% MoM, 3.2% YoY in December).
Consensus forecast (per Investing.com) for core CPI was 0.3% MoM, 3.1% YoY, so actual figures surprised on the high side.
Posted by JeromesNiece
14 Comments
RIP rate cuts lmao.
TRUMPFLATION
https://preview.redd.it/683es9tdopie1.jpeg?width=1179&format=pjpg&auto=webp&s=5635e678891795293b6a9bf85ce68ff8c2acc20a
Don’t worry I’m sure tariffs on our biggest trading partners and steel will fix this 😊
M-Maybe this will make Mr. Trump think twice about tariffs right guys????
Damn CNL “I did that” stickers are going to get even more expensive now
Trump getting elected would probably mean more inflationary policies.
Trump gets elected
Expectations of inflation increase
Inflation increases
Republicans:
https://preview.redd.it/kgy7stx9qpie1.jpeg?width=294&format=pjpg&auto=webp&s=bf8b49310e0d317a8bb084c5479b54f69f19ebc1
This is Trumps America.Â
https://preview.redd.it/ewopn7slrpie1.jpeg?width=1290&format=pjpg&auto=webp&s=877a638939fb8e87de10356ceb4b269b9d96a3ff
Classic supply and demand mismatch.
There is only one Greenland, but two buyers. Prices go up.
I’m honestly more surprised where the consensus forecast was than I am with the actual result. We bottomed out in September, and it’s been climbing since. Trump will accelerate the trend with his idiocy but in hindsight the rate cut path was probably a shade too aggressive when it started in the fall.
Also, egg prices up 15% in Trumps first month is pure comedy lol
https://preview.redd.it/hih6qyceupie1.jpeg?width=218&format=pjpg&auto=webp&s=5f5ac0e1b984980602be4a1a19b44f6310426d25
Not related but kinda
This sure is bad news for Biden.
[Brief summary of today’s report](https://www.toonsmag.com/wp-content/uploads/2020/05/Donald-Trump-Caricature-Challenge.jpg)
Guys, is it DEI or wokism exacerbating the inflation?
Also, is DEI and wokism in the room with me right now?