The Economy

[ll74]

random guy on X

Yep - I made sure to grab your normal source of information to corroborate because I wanted to make sure to use your research methods.

 

[MajorRewrite]

The core inflation rate ticked higher again. Core PCE Index is 2.9%.

This is the inflation index favored by the Fed.

 

[RobDownSouth]

The core inflation rate ticked higher again. Core PCE Index is 2.9%.

This is the inflation index favored by the Fed.

I wonder why the PCE specifically excludes food?
Is food that volatile?
It would seem that poorer people spend a greater percentage of their meager budget to put "food on their family" as Dubya once said.

 

[Biglibido99]

I wonder why the PCE specifically excludes food?
Is food that volatile?
It would seem that poorer people spend a greater percentage of their meager budget to put "food on their family" as Dubya once said.

Yea, as I asked - what rises are people experiencing with rent, food & utilities?

 

[MajorRewrite]

I wonder why the PCE specifically excludes food?
Is food that volatile?
It would seem that poorer people spend a greater percentage of their meager budget to put "food on their family" as Dubya once said.

There are two versions. The PCE includes food and energy. The Core PCE doesn’t.

Yes, food prices are volatile and are often impacted by things other than general inflation (such as bird flu).

It’s worth noting Core PCE increased 0.3% from month-to-month, a 3.6% annualized rate.

 

[Biglibido99]

There are two versions. The PCE includes food and energy. The Core PCE doesn’t.

Yes, food prices are volatile and are often impacted by things other than general inflation (such as bird flu).

It’s worth noting Core PCE increased 0.3% from month-to-month, a 3.6% annualized rate.

Ah, I see, thanks.

 

[domroger]

Wondering how many billions the arms industry has lost since the tariffs were introduced,with contracts being cancelled and new ones going elsewhere,tried Google but no one is keeping track.

 

[ll74]

So the tariffs are illegally implemented

.neat.

 

[Rotadom]

So the tariffs are illegally implemented

.neat.

 

[Rotadom]

Just to upset the s here.

 

[MajorRewrite]

US manufacturing mired in weakness

TrumpTariffs are intended to boost US manufacturing, but manufacturing is shrinking instead. Contraction has continued for six straight months.

U.S. manufacturing contracted for a sixth straight month in August as factories continued to grapple with the impact of import tariffs, but an artificial intelligence spending boom is lending support to some segments of the industry.

The Institute for Supply Management (ISM) said on Tuesday its manufacturing PMI edged up to 48.7 last month from 48.0 in July. A PMI reading below 50 indicates contraction in manufacturing, which accounts for 10.2% of the economy.

 

[MajorRewrite]

Total construction spending continued its slide in July. It peaked in May 2024.

 

[Biglibido99]

Just to upset the s here.

View attachment 2561296

The rich, properly managed & profitable blue states should stop paying taxes to gov which is only propping up the fucktards in the poor, improperly managed, red states. After all the red states are trying to redistrict so they can illegally gain/hold onto power and punish the blue states as that's there main motivation

 

[Pad_Foot]

The other major powers are meeting to go around us entirely

Genius at work

Or .. Russian Puppet ??

 

[MajorRewrite]

Job openings declined

But there are still more than 7 million job openings available.

 

[Bray123]

https://imgur.com/B37m7eh

 

[Biglibido99]

https://imgur.com/B37m7eh

Yep, and the idiots lap it up - just like Mexico built the wall - he treats his cult like the fools that they are while he's in crypto heaven verifying a fortune from home and foreign lobbyists - all in it for what they can get out of it before the system collapses

 

[heathrowinneo]

https://imgur.com/B37m7eh

If they dont understand tariffs and Taxes or believe in the bs fox spews, they think its good for them.

 

[MajorRewrite]

There are more Americans out of work than there are jobs open for the first time since April 2021

The latest JOLTS report from the Bureau of Labor Statistics showed that the ratio of job vacancies to unemployed workers fell below 1 to 0.99 in July, the lowest since April 2021, when the ratio was 0.96.

"Unemployed workers are staying out of work for longer, even as layoffs remain low,” Indeed economist Allison Shrivastava told Yahoo Finance in an email. "This suggests the shift is less about an increase in people losing jobs and more about a decline in job openings."

The employment situation is still good, historically speaking, but it is gradually going the wrong way.

 

[Lazaran]

Yep, and the idiots lap it up - just like Mexico built the wall - he treats his cult like the fools that they are while he's in crypto heaven verifying a fortune from home and foreign lobbyists - all in it for what they can get out of it before the system collapses

I saw a report where the MAGAts admitted they were weakening the dollar on purpose ((by eight percent at the time). The net effect was / is LESS buying power for poor and working class Americans and MOAR obscene profits for the rich & corporations:

https://www.politico.com/newsletter...-gift-to-the-markets-a-weaker-dollar-00487632



We. Told. Them. So.

 

[ll74]

US manufacturing contracts for sixth straight month amid tariff drag​

 

[Biglibido99]

So much winning - it's exhausting

 

[Lazaran]

ADP jobs numbers are out, and they are WEAK (55,000 estimated private sector jobs). Jobless claims also spiked.

Now let’s see what numbers DonOld’s new BLShit puts out…



We. Told. Them. So.

 

[heathrowinneo]

https://finance.yahoo.com/news/us-e...et-continues-dramatic-slowdown-153001609.html

more slowdown, government shed 16k jobs in the mix as well. the balance of the year will be interesting to see where the jobs go or don't go and how will the fed cut and by how much. odds makers are looking at a 1/4 point. before opening trading has 10 yr bonds trending down and the f/x not doing any favors going to 1.17 to the euro. looking at some of the charts and we are/were going up, kind of like a roller coaster. guess when we peak and start the down slope? soft or hard landing?

 

[MajorRewrite]

https://finance.yahoo.com/news/us-e...et-continues-dramatic-slowdown-153001609.html

more slowdown, government shed 16k jobs in the mix as well. the balance of the year will be interesting to see where the jobs go or don't go and how will the fed cut and by how much. odds makers are looking at a 1/4 point. before opening trading has 10 yr bonds trending down and the f/x not doing any favors going to 1.17 to the euro. looking at some of the charts and we are/were going up, kind of like a roller coaster. guess when we peak and start the down slope? soft or hard landing?

Yeah, the employment situation is clearly deteriorating. Unemployment rate increased to 4.3%, although that’s still a good rate historically speaking.

The June job creation numbers were revised to show an actual decrease.

Revisions to June's data, however, were more negative, with those numbers now showing 13,000 jobs were lost during the month, the first outright monthly decline since 2020.

I suppose the Fed will begin to cut the target interest rate even though inflation is already headed in the wrong direction.