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Cleveland Fed May real time CPI: 8.1% inflation rate
The Cleveland Fed's real-time "Inflation Nowcasting" model projects that annual core PCE is currently running at 3.7% with headline PCE tracking at 5.4% and headline CPI at an eye-popping 6.1%. The red flags are suddenly a much deeper shade of scarlet.
Citing the relentless rise in gasoline prices, UBS economist Alan Detmeister reckons headline CPI inflation for May will come in at 4.3% - a rise of almost two full percentage points from 2.4% in February, before the Iran war started, and one of the largest three-month changes in headline CPI in decades.
Detmeister estimates that three-month annualized headline CPI inflation will reach 8.51% in May, which would be the fifth-largest reading since 1982 excluding the 2021-2022 pandemic years.
https://www.reuters.com/commentary/reut … 026-05-04/
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VP_Spiro_T_CheneyRe: Cleveland Fed May real time CPI: 8.1% inflation rate
Huh… that’s two points higher than the terrible Bidenflation.
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Re: Cleveland Fed May real time CPI: 8.1% inflation rate
Trump needs to audit the Fed. The refusal of Jerome Powell to resign has caused a lot of problems.
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VP_Spiro_T_CheneyRe: Cleveland Fed May real time CPI: 8.1% inflation rate
wrote:
Trump needs to audit the Fed. The refusal of Jerome Powell to resign has caused a lot of problems.
Trumb wants Powell to LOWER interest rates, which would boost inflation even higher.
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Re: Cleveland Fed May real time CPI: 8.1% inflation rate
wrote:
Trump needs to audit the Fed. The refusal of Jerome Powell to resign has caused a lot of problems.
Typical "kill the messenger" bagger moron logic.
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Re: Cleveland Fed May real time CPI: 8.1% inflation rate
When reality does not align with MAGA dogma, Baggers simply deny reality exists.
Inflation is 0%, see how Trump made everything better! Audit the Fed and everything will be magically fixed forever.
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