What June's unexpected inflation report means for interest rates
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- Опубліковано 10 лип 2024
- The latest CPI report shows inflation came down 0.1% in June, putting the rate over the past year at 3%, slightly lower than economists predicted. CBS News business analyst Jill Schlesinger has more on if the report could spark an interest rate cut from the Federal Reserve.
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What a joke you don’t know how to react, laugh or cry 😢😢😢
Apartments are unaffordable, houses are unaffordable. 35 making 23 an hour. Can't get a place of my own. Why? When will I be able to have a home
You failed to mention massive government spending and killing US energy as the real culprit
US energy killing!How?
@Hasanaljadid Joe Biden signed executive orders reducing US drilling, fracking and exploration and stopped the keystone pipeline. A year later putin invaded but energy prices had already doubled
.5% Margin of Error
Exactly
Nope.Food prices are stable and Motor fuel Prices declined
@@Hasanaljadid until the revision
My groceries say otherwise
What a joke. 😂
Every 10 cent increase per dollar of spending is 10% inflation. It's the main reason I don't believe this BS report at all.
Rates aren’t going down for a .1% drop month over month.
A "natural occurance." Yeah. okay, lady.
So ?
Slowing down.... not going down 🤔😲🤨
The rate of inflation is still a full percentage above the Fed's target rate of 2%. Powell & Co. have not accomplished the mission yet.
Meh, they are still on track to cut in sept which is all that matters
It’s the Fed cuts rates before 2%. I completely give up on the possibility of recovering from this disaster.
@@tedstriker6743 Well the thing is you probably barely passed high school, so let's keep the macroeconomic decisions to the people with a brain, shall we?
@@theunbearablebull Who is that? Jerome Powell who created this mess with his excessively dovish and over-stimulatory policy? Rates need to stay where they are.
Funny how this happens right before the election. FJB
Welcome to Venezuela 😂
A dozen fed funds rate hikes and we only still get INCREASE at an infinitesimal slower rate of increasing? (Must be an election year)
3 years of Trump either putting tariffs on raw materials or making them expensive because of being made by overpriced American labor + the effects of a year of harsh global shutdowns + 3 years *still* playing catch up + several trillion dollars printed 2020 onwards and still going = yeah it’s gonna take a while to get back to 2%.
Inflation will continue to worsen as long as Ukraine conflict continues. Both are directly linked together. We're printing money like crazy now.
Stop giving them money. Problem solved
Still long way off from 3% stop smiling. Also talk about how high it is over the last three years 22% no smile here at all
Great context made in that a dip in point to point inflation does not necessarily means prices are falling significantly.
Way to go Brandon!
Yes siiiir, he had to clean up Trumps mess. Glad he is getting us out of it
@@theunbearablebull The difference between us is, I won't pretend Trump had nothing to do with inflation... Einstein.
Inflation is definitely not cooling. The other day, when I went grocery shopping, a carton of eggs cost $7.50 and a loaf of bread was $5.00! 😂😂 FJB!
Positive 😅😂😅😅😂😅😂 wow .01 down lol
0.1%😂
What!?
Bidenomics alive and well.
I've been homeless since the pandemic.
A WHOPPING 1% WOW I AM HAVING A HEART ATTACK OF HAPPINESS
Inflation still increased. Raw CPI numbers are 314.069 to 314.175
She explained that terribly. Here is the explanation: You voted in democrats so we have inflation of ~25% permanently. We can bring rates down but those new prices are permanent. They will just increase slower from here versus your 25% democrat spike. Now if you vote Joe Biden again you might want to consider another 10-25% price hike. So vote accordingly...
I’m crying laughing! 😂😂😂
It’s no way there’s multiple videos recommending me to watch this BREAKING NEWS! Wow…Inflation Down .1%, It’s a Buyers Market now! 😂
I watched a News Report about Residents in an Apartment Building suffering from being hot because it’s hot. They literally interviewed a young gentleman to inform the public, *verbatim* “When the sun is closer to you, Your apartment can get really hot during the day.” I was flabbergasted by this new science he was speaking of! They interviewed a HAVC “Expert” to explain how expensive it is to install a cooling system. I’ve had central air for years BUT did they stop selling fans? I’m truly curious. 🧐 😂😂
Sorty said .1%
3.0%
Lies
It's what we have been accustomed to getting from these Democrat fluffers.
Gold stocks going up….look for Q2 blockbuster earnings with high gold prices…gold stocks will skyrocket and not to mention interest rates coming down further fueling prices!! Just my take on my portfolio.
Your positive news won't last long. Yesterday, gas prices by me went up 10%.
really? big deal
They keep telling us that inflation is going down, but my food/ gas bill keeps getting higher.
Nope.Gas prises lower now
.1% meanwhile UP 20-30% over last 3 years. GTGOH!
People blind n a lie.....
TICKER $A C H R
Stellantis bought 17 million shares
for Air Taxi Funding to fight road congestion
350 MILLION SHARES TOTAL
60% OF IT IS HELD BY INSTITUTIONS
WE ONLY HAVE 133M FLOAT REMAINING
55 MILLION SHARES ARE SHORTED
.1 Is the loneliest number that you will ever see... Basically flat. Zoom out for the real picture.
1st: People in the comments section seem to not understand how inflation works.
2nd: -0,3p.p. yoy and -0,1p.p mom.
3rd: let's hope this trend continues and the FED decreases the interest rates this summer.
This isn't even worth reporting on considering we would need inflation to be below 0 for prices to start dropping.
You don't know how economy works! Deflation will be terrible and will mean a economic crisis, gdp will decrease, etc.
This might be the dumbest comment I've seen lol
@@sergiosilva7528that's a lie they have been telling you for decades. Deflation means cost of goods going down due to efficiency gains. They print money and increase government spending to keep us from living better lives. Deflation use to be the norm when we used gold
@sergiosilva7528 Who cares? Recessions are a necessary and healthy part of the free market system because they unwind inefficiencies and give young people a chance to acquire currently overvalued assets.
@@WillieFungo Who cares?! Maybe the people affected by a recession. This reminds me a famous quote: It's a recession when your neighbor loses his job; it's a depression when you lose yours (Harry S Truman).
Unexpected because it's untrue.
Bull crappy.
Inflation over the past 4 years is over 20 percent.
You know we’re in an election year, with democrat incumbents in trouble, when it takes 5 min to explain “the good news” is inflation is still rising, and rising within that already record double digits+, only and infinitesimal lessor rising within the already skyrocketed inflationary numbers of the last 4 years. (And them ignoring and not even reporting the dozen fed funds rate hikes/massively high interest consumer rates just to do that)
If it keeps going in a downward direction, soon it might be down to where it was when Donald J. Trump left office.
0.1% down for June, but it's up 3.0% for the year. 🤡's 🤣
3% still means costs increase 50% faster than they’re supposed to.
Fast cash at Chase has been upped from $100.00 to $200.00. Bidenomics.
Cbs is a joke