Consumer prices rose 0.3% in December, higher than expected, pushing the annual rate to 3.4%

[m.knox]

The Fed isn't decreasing money supply fast enough.

https://www.cnbc.com/2024/01/11/cpi...ushing-the-annual-rate-to-3point4percent.html

• The consumer price index increased 0.3% in December and 3.4% from a year ago, compared with respective estimates of 0.2% and 3.2%
• Excluding volatile food and energy prices, the so-called core CPI also rose 0.3% for the month and 3.9% from a year ago, compared with respective estimates of 0.3% and 3.8%.
• Much of the increase came due to rising shelter costs. The category rose 0.5% for the month and accounted for more than half the core CPI increase.
• Wages adjusted for inflation posted a 0.2% gain on the month, while rising a modest 0.8% from a year ago.

Joe Biden sucks.

Back to my original comment. M2 money supply needs to decrease further.

 

[PaoliLion]

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[m.knox]

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