Topic: Inflation hits lowest level since spring 2021, most likely teeing up rate cuts (Read 83 times)
August 18, 2024, 04:28:37 PM
Yabut, what is low under Biden is way higher than under Trump.
August 18, 2024, 03:56:46 PM
Are you sure it is back down to normal levels? because as far as I remember the normal inflation levels for the United States is about 2% per year, that is the inflation rate which I targeted by the Federal reserve.
Yes, now it is down to 2.9% and dropping. The expectation is that interest rates are going to be lowered soon, which is why the stock market is up.
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By the way, Trump still have some stuff to run on when comes to denigrating the politicians from the democrat party, the biggest and most obvious issue is not only inflation but also immigration through the southern border.
Yes, Trump plans to deport 5% of the American workforce because racism.
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Added to the fact Greg Abbott had decided to send illegal inmigrants to liberal cities like New York or Chicago it could make some independent voters to flip in favor of Trump, who is already talking about massive deportations, not matter whether there is a assylum case or not.
The US is certainly going through an anti-immigrant phase, but Trump is not focused on solving any problems since he killed a bi-partisan deal that would have made things much better because the worse things are at the border, the better it is for him.
I don't know about "independent voters", but I would think at least some of them want to actually solve problems at the border like Harris does instead of playing political games.
August 18, 2024, 01:04:58 PM
On the other hand, a decrease in inflation is good, but it may not be enough in the eyes of an important percentage of republicans who continue to feel the negative impacts of the economy in their pockets. Besides, the strategy of Trump consist in continuing to talk about how inflation is bad and terrible because of Joe Biden and Kamala, regardless how positive numbers start to show on the screen and the commentary of actual economists.
Remember when the stock markets starter to go up and Joe Biden was in charge? He had to say it was because of the expectations of the markets for him to come back into the White house. Quite wacky, isn't it?
Inflation in the US is down to normal levels now. Republicans have nothing left to run on except for Biden being too old and... oops.
Are you sure it is back down to normal levels? because as far as I remember the normal inflation levels for the United States is about 2% per year, that is the inflation rate which I targeted by the Federal reserve.
By the way, Trump still have some stuff to run on when comes to denigrating the politicians from the democrat party, the biggest and most obvious issue is not only inflation but also immigration through the southern border.
Still the Biden administration has not been able to build some plan or strategy for their to step down the number of people trying to get to the United States from Mexico and other countries in the southern hemisphere.
Added to the fact Greg Abbott had decided to send illegal inmigrants to liberal cities like New York or Chicago it could make some independent voters to flip in favor of Trump, who is already talking about massive deportations, not matter whether there is a assylum case or not. Trump will not care whether there is some legal standing to deport millions of people from the United States, that isp part of what project 2025 is about, in the end.
August 18, 2024, 12:30:30 PM
On the other hand, a decrease in inflation is good, but it may not be enough in the eyes of an important percentage of republicans who continue to feel the negative impacts of the economy in their pockets. Besides, the strategy of Trump consist in continuing to talk about how inflation is bad and terrible because of Joe Biden and Kamala, regardless how positive numbers start to show on the screen and the commentary of actual economists.
Remember when the stock markets starter to go up and Joe Biden was in charge? He had to say it was because of the expectations of the markets for him to come back into the White house. Quite wacky, isn't it?
Inflation in the US is down to normal levels now. Republicans have nothing left to run on except for Biden being too old and... oops.
August 18, 2024, 12:20:16 PM
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Actually, you would be surprised how many people within the Republican party ranks are actually convinced it is necessary to make adoration illegal and procedure those women who are seeking to get reproductive healthcare. It will certainly help Trump to keep his base fire up, but it will never help him to get new votes from the moderate and independent base.
On the other hand, a decrease in inflation is good, but it may not be enough in the eyes of an important percentage of republicans who continue to feel the negative impacts of the economy in their pockets. Besides, the strategy of Trump consist in continuing to talk about how inflation is bad and terrible because of Joe Biden and Kamala, regardless how positive numbers start to show on the screen and the commentary of actual economists.
Remember when the stock markets starter to go up and Joe Biden was in charge? He had to say it was because of the expectations of the markets for him to come back into the White house. Quite wacky, isn't it?
August 18, 2024, 06:44:02 AM
With Biden's proven track record of keeping our overall economy stable and growing, this is great news for Bitcoin.
With inflation reducing, there is hope that the Feds will reduce interest rates maybe by next month. The economy needs to loosen up a bit because it is affecting many households and businesses. The unemployment rate increased slightly in June, and businesses need to have access to loans to expand their operations and create more job opportunities. Households need to have access to credit facilities to sort out their needs. For Bitcoiners, it will be good news since, just like other economic activities, there is a strong relationship between the price of Bitcoin and interest rates. A further decrease in inflation this month will surely propel the Feds to reduce interest rates. August 14, 2024, 11:10:22 AM
Another huge boost for the Harris campaign:
https://www.washingtonpost.com/business/2024/08/14/cpi-inflation-report-interest-rate-fed/
The Trump campaign consists of:
1. "He's old and senile", which Trump still says even though it's not a "he" anymore, and she's young--proving that it's Trump who is old and senile.
2. "We're going to make abortion illegal", which... nobody wants.
3. "The economy is in the shitter!", which, well, it's not.
With Biden's proven track record of keeping our overall economy stable and growing, this is great news for Bitcoin.
https://www.washingtonpost.com/business/2024/08/14/cpi-inflation-report-interest-rate-fed/
The Trump campaign consists of:
1. "He's old and senile", which Trump still says even though it's not a "he" anymore, and she's young--proving that it's Trump who is old and senile.
2. "We're going to make abortion illegal", which... nobody wants.
3. "The economy is in the shitter!", which, well, it's not.
With Biden's proven track record of keeping our overall economy stable and growing, this is great news for Bitcoin.
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