Friday, July 26, 2024

What they're not saying: Core pce inflation actually ticked up in June to 2.63% yoy from 2.62% in May 2024

 Looks like we're skidding into a "soft-landing" of significantly higher inflation than under Trump.

The 1H2024 average was 2.8%, still much higher than under Trump, and not in evidence since the early 1990s.

Seven months of the measure below 3% starting in Dec 2023, but we're stabilizing at 2.6%?

C'mon man.

Progress has been GLACIAL.

inflation in 2024 still as bad as the early 1990s

10-year comparison

5-year comparison