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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[–] Tower@lemm.ee 18 points 3 months ago* (last edited 3 months ago) (3 children)

Which of course does absolutely jack shit for the price increases that have already occurred. Low inflation is not deflation.

[–] yggstyle@lemmy.world 7 points 3 months ago

Take that further and you get the joke that was that AP article:

.1% less inflation still is 2.9% inflation on top of what we still have. Year over year. Good news right?!

[–] shortwavesurfer@lemmy.zip 2 points 3 months ago

This person gets it.

[–] 432@lemmy.world 2 points 3 months ago (1 children)

I look forward to population decline in some countries. Deflation will happen then.

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

It's already occurring. Japan is imploding and it has been a forward indicator for our economy since about the 90s.