Quote:
Originally Posted by ASAP
The absolute reverse... i see what's going on around me and by talking to people I know and understand how hard it is for many.
Are you saying we didn't just have a job revision?
https://www.cnbc.com/2023/09/01/jobs...gust-2023.html
Are you also saying wages stabilizing are a good thing lol? I guess if you are a business owner then yea.
https://www.cnbc.com/2023/08/10/cpi-...july-2023.html
Inflation is still at over 3% which is well above the fed target... but again, there is already talk about revising that to a standard rate lol as opposed to 2%. Prices are up dramatically over 3 years and wage growth didn't keep up... |
Wage stabilizing is a good thing. Wages skyrocketing like they were the past year and a half was driving inflation up.
Shelter is 1/3rd 'core' CPI and is just now being accounted for since it's a lagging number. 3% inflation is fine and the Fed is fine with that.
My guess is rates are cut beginning in March next year