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fourteenfour | 1 year ago

The inflation rate has come down significantly from a huge spike in 2022. Seems like we are making progress.

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fourside|1 year ago

Also, what’s the end game? Current rates are not that bad relative to historical rates.

jldugger|1 year ago

The end game is the fed delivering on their sub 2% promise. Anything less would cede their credibility, which they will need in future crises.

wakawaka28|1 year ago

The way inflation is measured has radically changed over time. You can't realistically compare current numbers to those in the 70s. The same redefinition issue affects unemployment data. The only people I know trying to do apples-to-apples comparisons are the guys running https://www.shadowstats.com

DidYaWipe|1 year ago

By what measure? Not to mention that reducing inflation isn't going to roll back the massive price increases that have hurt consumers on staple items.

This is what happens when you have monopolies and oligopolies doing what they please (after getting massive handouts in the form of tax cuts from Trump... surely with more on the way).

The interest-rate hikes have failed; and yet here we are, waving our hands as if helpless.

skywhopper|1 year ago

The measure is the inflation rate. Prices are not going to drop much or at all but income has also risen.