***Biden wins presidency-Boy are we toast***

[aygart]

Good chance the sudden tweet from Biden about debates yesterday was to prevent the news cycle from being about the inflation numbers.

[CountValentine]

Good chance the sudden tweet from Biden about debates yesterday was to prevent the news cycle from being about the inflation numbers.

Didn't it go down slightly?

[aygart]

Didn't it go down slightly?

The rate of growth went down slightly, remaining at a pretty high rate, making it almost certain that there won't be any rate cuts coming.

[CountValentine]

The rate of growth went down slightly, remaining at a pretty high rate, making it almost certain that there won't be any rate cuts coming.

Lets not play these games. The CPI went down, period!!! We used it with the last admin, and we are going to use it for this admin.

With that being said the markets disagree with you. The main reason they hit an ALL TIME HIGH is because they feel a rate cut is coming. This does change with every new report.

[aygart]

We used it with the last admin, and we are going to use it for this admin.

speak for yourself.

It went down but is still very high.

[CountValentine]

speak for yourself.

That is why one of us is Mr Goalposts!!!

It went down but is still very high.

Very high compared to what? When the economy was shut down and unemployment was through the roof?
ETA: For the last 50 years (1972-2023) it has averaged around 4%.

[notyettaken]

ETA: For the last 50 years (1972-2023) it has averaged around 4%.

That number is a bit misleading, because of the high inflation (about 10%) of the 70s and 80s. Excluding that it is closer to 2% which is the feds target.

[CountValentine]

That number is a bit misleading, because of the high inflation (about 10%) of the 70s and 80s. Excluding that it is closer to 2% which is the feds target.

If we take out the low years it would be higher than 4%. 
2% is like the perfect sweet spot. So compared to that I would not call 3.4% "very high".

[avromie7]

Never heard that before when it has been hitting new highs.

Inflation wasn't a big concern under Trump.

[savvydigz]

Let's not forget that The cp inflation is op over 20% since Biden took office, any increase is bad news

[aygart]

https://x.com/neontaster/status/1791888514029645902

[aygart]

https://www.wsj.com/articles/inflation-reduction-act-climate-justice-alliance-taxpayer-dollars-epa-palestine-4c345171?mod=e2two

[yelped]

https://www.wsj.com/articles/inflation-reduction-act-climate-justice-alliance-taxpayer-dollars-epa-palestine-4c345171?mod=e2two

I posted about this in the other thread.

[UKinNYS]

how did we get to the point where the Europeans are trying to get tough on Iran but being held back by the US??
Answer: see header 
https://www.msn.com/en-us/news/world/u-s-opposes-european-plan-to-censure-iran-over-nuclear-work/ar-BB1n6Myr?ocid=winp2fptaskbarhover&cvid=b91d8a8da0cb4c0f871575abfc2aebd7&ei=30&sc=shoreline