Inflation at 0.1% for November (Updated)

Sweet, more rate hikes incoming that wont do anything because all these guys think its the 1970s

 

The scary part to me is we obviously have a very real inflation problem and historically, the Federal Reserve has had to get much more aggressive than they have been to kill it off. And folks are already freaking out about how aggressive they’ve been. This is nothing. Look back at history. The Federal Reserve has just begun.

 

Rightly so, are you ready for a global recession where stimulus is off the table followed by a lost decade and high unemployment? Higher prices with a good job market seem much better than that. There's nothing the Fed can do to stop a war in Ukraine, make OPEC pump gas or reopen supply chains to China.

 

Problem is the ex food and energy number uses rental data from 6-9 months ago. No shit it was red hot 6-9 months ago. Likely 100 basis point hike incoming.

This can’t be good news for the left going into midterms. Money trumps everything (no pun intended) and the major issue at the polls will be the economy and not abortion.

 

As Carville famously said: “It’s the Economy Stupid”.

 

It’s going to be a bloodbath at the midterms

Money talks. BS walks.

 

I tend to agree. Most Americans have watched their 401k plummet, while buying power of said 401k plummet as well due to inflation. That’s historically a bad omen for the ruling party.

 

Did you ever take ANY classes in economics?

 

I understand the point you are trying to make, but the Fed will always look at the annual number as it's the larger, more complete sample size. Not to mention the monthly number is a huge acceleration and fully in line with the annual number. The Fed may even hike a full point in November, based on this.

 

Did you? Remember last year when the inflation number came in around 8% and you said that equated to a yearly inflation rate of around 96%?

 

Interesting that the markets initially fell fast but have now rebounded and gone heavily positive (DJIA is up 2.28% currently). There were some strong earnings reports, so maybe it is just less fear of recession, but it is interesting that markets only seemed to care briefly (it should be noted that I am not claiming that the market will go up or down the rest of today, as I have no clue what will happen).

 

My stocks have been on a wild ride today. Plummeted this AM when this report came out and now soaring. I just don't get it.

 

The market is trying to figure out what it wants to do. On the one hand, the report this morning gives the market the comfort that the Fed will keep hiking rates at a brisk pace. The market finds comfort in this due to the belief that such action will eventually lead to a significant recession and thus the Fed will start lowering rates to fight the recession. So while the market generally doesn't like higher rates from the Fed, they're breathing a sigh of relief because they think the Fed will rip the band-aid off, which will set up the need to ease down the line. Convoluted, isn't it?

 

Clear as mud.

 

What would be your recommendation to slow down spending? Pile of money rained into the system. Gas, and more importantly Diesel are off the charts. Diesel is causing everything to go up. Rates are the only way to stop throwing good money after bad.

 

Volatility is frowned upon. Lol. They will crush volatility to get back to static. Always been that way. It’s why the fed is a dangerous group. Ask Kennedy