Maybe, instead of predicting what they think will happen, they should buy a loaf of bread, a gallon of gas, or a used car and see exactly what is happening.
Federal Reserve Predicts 4%+ Inflation Annually through 2024
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Last: 2 yr ago by SA68AG
CPI is going up 5.3 percent annually the past two months. Consumers aren't stupid, and if anything inflation expectations and reality alike will be more than 4 percent per year;
Meanwhile, the left is just mad at Manchin for being stubborn about a 3.5 trillion dollar bill, and raising our corporate taxes to a level higher than even China. There's a reason the fed itself surveys consumers, and why Veritas/others want the fed to turn it's focus to inflation.
Meanwhile, the left is just mad at Manchin for being stubborn about a 3.5 trillion dollar bill, and raising our corporate taxes to a level higher than even China. There's a reason the fed itself surveys consumers, and why Veritas/others want the fed to turn it's focus to inflation.
LOL at liberals (economic idiots) telling consumers to not believe their lying eyes and lying wallets and to instead believe forecasts by liberal keynesian economists who have thus far been VERY wrong about almost everything.
Wow! Thanks Fed! It is really is awesome how much inflation has gone up since your creation!
Sic Semper Tryannis
Sic Semper Tryannis
Where's 2020 kid with his shinebox to tell us how temporary this is?
DannyDuberstein said:
Where's 2020 kid with his shinebox to tell us how temporary this is?
He posted on page 2. You'll never guess what he said.
Makes one wonder if these the same economists that routinely get employment numbers off by massive margins.Old McDonald said:
per usual, this Twitter account posts misleading headlines that misinterpret original reporting
those figures are consumer expectations, the Fed isn't predicting them. it took a survey of households to determine consumer expectations and the numbers in OP are the result of the survey. when economists were polled they predicted lower numbers.
https://www.bloomberg.com/news/articles/2021-09-13/inflation-expectations-hit-4-among-u-s-consumers-fed-says
https://www.reuters.com/world/us/us-consumers-inflation-expectations-highest-8-years-ny-fed-says-2021-09-13/
Cassius said:DannyDuberstein said:
Where's 2020 kid with his shinebox to tell us how temporary this is?
He posted on page 2. You'll never guess what he said.
I just got there. His mom is still claiming him on her taxes, but don't worry y'all. He knows stuff
Biden's American really sucks
Cassius said:DannyDuberstein said:
Where's 2020 kid with his shinebox to tell us how temporary this is?
He posted on page 2. You'll never guess what he said.
That his nuts finally dropped?
Sounds like I will be raising rent on some folks.
Some Junkie Cosmonaut
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AG
Oldag2020 said:
I'm amazed that some of you believe you are smarter than the fed. It's mind blowing.
The article says the 4% is based on consumer expeditions. Basically all of the doomsayers believe inflation is 4%. It's completely detached from reality.
A better metric is that the market is pricing inflation at 2.5%. That's only .5% above the feds target, and is hardly something to be concerned by.
If you had two brain cells to rub together you would be very embarrassed by this post.
Some Junkie Cosmonaut
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AG
Quote:
per usual, this Twitter account posts misleading headlines that misinterpret original reporting
Per usual, Old McDonald immediately steps on a rake and takes a stick to the face.
Oldag2020 said:
I'm amazed that some of you believe you are smarter than the fed. It's mind blowing.
The article says the 4% is based on consumer expeditions. Basically all of the doomsayers believe inflation is 4%. It's completely detached from reality.
A better metric is that the market is pricing inflation at 2.5%. That's only .5% above the feds target, and is hardly something to be concerned by.
My pronouns are AFUERA/AHORA!
Oldag2020 said:
I'm amazed that some of you believe you are smarter than the fed. It's mind blowing.
The article says the 4% is based on consumer expeditions. Basically all of the doomsayers believe inflation is 4%. It's completely detached from reality.
A better metric is that the market is pricing inflation at 2.5%. That's only .5% above the feds target, and is hardly something to be concerned by.
One month ago today. I don't know what to say
" transitory" is the new "unexpectedly"
BadMoonRisin
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81M people voted for this.
lb3 said:
81M people voted for this.
No, they didn't.
" 'People that read with pictures think that it's simply about a mask' - Dana Loesch" - Ban Cow Gas
"Truth is treason in the empire of lies." - Dr. Ron Paul
Big Tech IS the empire of lies
TEXIT
"Truth is treason in the empire of lies." - Dr. Ron Paul
Big Tech IS the empire of lies
TEXIT
If a Republican was in the White House the fed would've tripled interest rates by now. They're much more aggressive w rate hikes when they wanted to slow growth for W or DjT
Federal Reserve is off by another 6+ %.
OldAg2020 - where are you getting your calculations?
Oldag2020 said:
I'm amazed that some of you believe you are smarter than the fed. It's mind blowing.
The article says the 4% is based on consumer expeditions. Basically all of the doomsayers believe inflation is 4%. It's completely detached from reality.
A better metric is that the market is pricing inflation at 2.5%. That's only .5% above the feds target, and is hardly something to be concerned by.
I'm amazed you think the fed is smarter than your average citizen.
The fed is enabling, and advising us to print money, and to go deeper into debt. Pretty sure if I explained it to my 4 year old she would know better.
Year of the Germaphobe
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AG
Oldag2020 said:
I'm amazed that some of you believe you are smarter than the fed. It's mind blowing.
The article says the 4% is based on consumer expeditions. Basically all of the doomsayers believe inflation is 4%. It's completely detached from reality.
A better metric is that the market is pricing inflation at 2.5%. That's only .5% above the feds target, and is hardly something to be concerned by.
What a bump. Damn... so friggin confident. Dumb dumb dumb.Year of the Germaphobe said:Oldag2020 said:
I'm amazed that some of you believe you are smarter than the fed. It's mind blowing.
The article says the 4% is based on consumer expeditions. Basically all of the doomsayers believe inflation is 4%. It's completely detached from reality.
A better metric is that the market is pricing inflation at 2.5%. That's only .5% above the feds target, and is hardly something to be concerned by.
Tom Kazansky 2012 said:What a bump. Damn... so friggin confident. Dumb dumb dumb.Year of the Germaphobe said:Oldag2020 said:
I'm amazed that some of you believe you are smarter than the fed. It's mind blowing.
The article says the 4% is based on consumer expeditions. Basically all of the doomsayers believe inflation is 4%. It's completely detached from reality.
A better metric is that the market is pricing inflation at 2.5%. That's only .5% above the feds target, and is hardly something to be concerned by.
Lesson for you kids…older doesn't always mean wiser, ESPECIALLY if it's an old lib.
I dont think that dude is an older gentlemen. I think it is a new grad who was in the "Old Ags" organization.
Brutal
Good point, I didn't catch the 2020.Tom Kazansky 2012 said:
I dont think that dude is an older gentlemen. I think it is a new grad who was in the "Old Ags" organization.
They won't and didn't.Fedup said:
Wow. Hope Social security recipients get a commiserate bump or there won't be a senior alive that'll ever vote for the dems again.
According to the "72" rule, inflation at 5% will cut your money's value in half in 72/5=14 years.
https://www.marketwatch.com/story/how-fast-is-your-dollar-deflating-2015-05-12
https://www.marketwatch.com/story/how-fast-is-your-dollar-deflating-2015-05-12
4% my azz
rynning said:
According to the "72" rule, inflation at 5% will cut your money's value in half in 72/5=14 years.
https://www.marketwatch.com/story/how-fast-is-your-dollar-deflating-2015-05-12
Throw out those retirement projections!
The only thing that's going to slow inflation down materially is reduced energy costs and/or a substantial increase in the Federal Reserve interest rates.
Today's 25 basis point increase and no policy changes for fossil fuels isn't going to slow anything down.
Today's 25 basis point increase and no policy changes for fossil fuels isn't going to slow anything down.