08-09-2023, 04:51 AM
(08-09-2023, 03:57 AM)BIGDADDYFROMCINCINNATI Wrote: Click on the below, it's a great graph from the Bureau of Labor of Statistics referring inflation.
https://www.bls.gov/opub/ted/2023/consumer-prices-up-3-0-percent-over-the-year-ended-june-2023.htm
Consumer prices up 3.0 percent over the year ended June 2023, and wages outpaced inflation by 1.2%
---July 17, 2023---
Over the year ended, June 2023, consumer prices increased 3.0%, after increasing 4.0% over the year ended in May 2023. The June 2023 increase was the smallest 12-month increase since March 2021. A year earlier, in June 2022, the 12-month increase in overall prices was 9.1%, and had been 7.0% or higher in the preceding 6 months.
So I wouldn't jump the gun on this
.https://www.voanews.com/a/fed-officials-sketch-case-on-both-sides-of-rate-debate-/7214822.html
As you can read the Atlanta Fed governor wants more than just 1 month's worth of data. I personally think we are there, but there is not a consensus yet.
![[Image: 4CV0TeR.png]](https://i.imgur.com/4CV0TeR.png)