Securing the border and undertaking “the largest deportation operation in American history” are key focuses of the Republican Party’s new plan to “quickly bring down all prices” for inflation-hit consumers and businesses. But economists say that these policies may not have the intended effect.
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The Fed's worst nightmare is officially here:
Today's data confirms ALL 3 inflation metrics are back on the rise.
For the first time since February 2022, Core CPI, PCE and PPI inflation are now rising at the SAME time.
Did the Fed spark a new wave of inflation?
(a thread)
You can’t make this up:
US personal savings have just been revised down by a MASSIVE $140 billion for 2024.
The savings rate for September was revised to 4.1% from the 4.6% initially reported in October.
The rate for August was adjusted down to 4.4% from 4.8% reported last… https://x.com/i/web/status/1862249594387894694
BREAKING: Investors bought just 16% of homes sold in the US in Q3 2024, the lowest share in 4 years.
This is ~5 percentage points below the record high seen in Q1 2022.
As a result, market share held by investors has declined toward pre-pandemic levels seen in 2019.
In total,… https://x.com/i/web/status/1862175353017602083
The Fed's worst nightmare is officially here:
Today's data confirms ALL 3 inflation metrics are back on the rise.
For the first time since February 2022, Core CPI, PCE and PPI inflation are now rising at the SAME time.
Did the Fed spark a new wave of inflation?
(a thread)
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