Inflation eases in April

[GAinDC]

https://twitter.com/byHeatherLong/status/1790722485727470075

https://twitter.com/JosephPolitano/status/1790722479486329326

https://twitter.com/YahooFinance/status/1790722727285809556

https://twitter.com/WhiteHouseCEA/status/1790736113826410758

[GAinDC]

what's really interesting to me is that the entire Republican media apparatus has already come out in full force to frame this report as very bad for Biden and the economy, even though it's relatively good.

Meanwhile, as I scroll on Twitter, I see no Dem-aligned voices talking about the positives in this report, which shows the lowest core inflation in three years.

Guess which take the media will run with?

Dems need better message discipline.

[Amenhotep Bakari-Sellers]

People aren't getting apartments anymore they are bunking up in sober livings especially guys, because you have to make 2K a month and there are 25/30 hr jobs out there still

[emailking]

Probably a result of the Inflation Reduction Act and Biden's continued actions to reduce inflation for us. Great job by Biden!

[S019]

It is good news that inflation is falling, but it still not at the 2% target. More work needs to be done.

[GAinDC]

It is good news that inflation is falling, but it still not at the 2% target. More work needs to be done.

I agree

[BlueSwan]

It is good news that inflation is falling, but it still not at the 2% target. More work needs to be done.

Let's not pretend that 2% is some magical number. It is basically just a number that central banks have decided to set as a goal as it indicates a growing economy, albeit not one where there is a lack of supply to meet demand. An inflation of 3½% that isn't showing signs of rising further is definitely not a huge problem. There isn't any indication that "more work needs to be done". Higher interest rates takes time to fully affect the economy and I don't believe that more interest hikes are necessary or even beneficial.

[○∙◄☻¥tπ[╪AV┼cVê└]

It is good news that inflation is falling, but it still not at the 2% target. More work needs to be done.

Let's not pretend that 2% is some magical number. It is basically just a number that central banks have decided to set as a goal as it indicates a growing economy, albeit not one where there is a lack of supply to meet demand. An inflation of 3½% that isn't showing signs of rising further is definitely not a huge problem. There isn't any indication that "more work needs to be done". Higher interest rates takes time to fully affect the economy and I don't believe that more interest hikes are necessary or even beneficial.

With these kinds of numbers, they won't raise rates, but they also won't them.

[MasterJedi]

Real issue is that while inflation falls, businesses will never voluntarily bring prices down unless they stop selling due to corporate greed. Especially because all the price hikes went way above and caused massive record profits.

[Crumpets]

Real issue is that while inflation falls, businesses will never voluntarily bring prices down unless they stop selling due to corporate greed. Especially because all the price hikes went way above and caused massive record profits.

Although in theory, new business should then be able to come online offering the same product at a lower price and incentivize the bigger businesses to lower their prices to squeeze the competition out of the market. This is a lot harder to apply to things like housing, though, or really any businesses that have monopolized the market.

[lfromnj]

Real issue is that while inflation falls, businesses will never voluntarily bring prices down unless they stop selling due to corporate greed. Especially because all the price hikes went way above and caused massive record profits.

Do you understand the difference between a function and a derivative of a function?

[GAinDC]

https://www.epi.org/blog/average-wages-have-surpassed-inflation-for-12-straight-months/

Average hourly wage growth has exceeded inflation for 12 straight months, according to new Bureau of Labor Statistics data released this morning. This real (or inflation-adjusted) wage growth is a key indicator of how well the average worker’s wage can improve their standard of living. As inflation continues to normalize, I’m optimistic more workers will experience real gains in their purchasing power.

[Amenhotep Bakari-Sellers]

Somehow I think it's all rigged to say inflation eased so they don't have to give that much of an increase on SSI benefits, just like they lied and said everyone were gonna get a 1200 stimulus if they were on SSI

But, common sense is that rents are too high