this post was submitted on 14 Aug 2024
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Economics

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Annual US inflation falls to 3-year low, clearing the way for the Fed to begin cutting rates (apnews.com)
submitted 3 months ago by MicroWave@lemmy.world to c/economics@lemmy.world
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Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September.

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[–] yggstyle@lemmy.world 2 points 3 months ago* (last edited 3 months ago) (1 children)

The AP clearly has no idea how to read charts or infer data. The rate cuts aren't coming. CPI is still over or target rate of 2% YoY... and we are down a massive (checks notes) .1% from 3% after they mutilated the calculations to get the 3%

It's not moving. Sticky inflation. Stagnant. Stag-flation if you prefer.

Edit: I seem to have offended some AP writers.

[–] sunzu2@thebrainbin.org -2 points 3 months ago (1 children)

Corporate propaganda demands lower interest rates, peasant.

[–] yggstyle@lemmy.world 0 points 3 months ago

Apparently beatings will continue until the propaganda is consumed 😂