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https://finance.yahoo.com/news/live/stock-market-today-sp-500-nasdaq-slip-as-federal-reserve-ushers-in-first-rate-cut-of-2025-200042050.html
Yeah no kidding
The CPI rise averaged 3.5% over the past 3 months on an annualized basis (core CPI: 3.6%)
The August one month increase annualized is: CPI: 4.7%, (core CPI: 4.2%)
More from where the graphs came from: https://www.democraticunderground.com/10143528031#post12
Yes Virginia, we have a rising inflation problem. It's not May anymore.
Fed Chair Jerome Powell said during a press conference that the Fed decision was a "risk management cut" as the labor market has been deteriorating against a backdrop of elevated inflation.
. . . Fed officials have also had to take into account elevated levels of inflation in recent weeks. --
. . . Fed officials have also had to take into account elevated levels of inflation in recent weeks. --
Yeah no kidding
The CPI rise averaged 3.5% over the past 3 months on an annualized basis (core CPI: 3.6%)
The August one month increase annualized is: CPI: 4.7%, (core CPI: 4.2%)
More from where the graphs came from: https://www.democraticunderground.com/10143528031#post12
Yes Virginia, we have a rising inflation problem. It's not May anymore.
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