US inflation unexpectedly increases
US inflation unexpectedly increases
US inflation increased by more than expected last month, pushing up the cost of living for Americans.
Republicans just took power.
Not unexpected at all.
Unexpectedly?
Yiyre kidding, right? I was quite literally waiting for this news. It never wss an if, just how bad
We hired one of the worst people in the world to lead us. It's a stretch to call this unexpected.
Exactly.
Shocked pikachu face
I fucking love how there is basically only one comment on this entire post
I wouldnt be surprised if foreign investors in US Bonds were dropping that shit like it was radioactive.
Unexpectedly?
Somehow, inflation returned
Definitely a solid onion headline worded like that.
They forgot the /s
British humour.
I know I've seen this on several websites today. What was everyone expecting? The only think I can think of is the old trope that Republican administrations are better for the economy. I have coworkers who were basically expecting miracles once Trump got into office. Things are probably gonna be bad.
Inflation has generally dropped significantly in most developed countries and is mostly tied to post-pandemic effects and the war in Ukraine. So if you ignore the debilitating influence of Trump, you would expect inflation to continue to drop in the US too.
The 3% rate isn't actually all that high currently, but you'd expect it to trend up again due to tariffs, both from the actual effects and as an excuse for companies to raise prices.
Or Trump could cause a serious recession/depression, in which case inflation will drop (but you won't be able to buy anything anyway, since you'll have lost your job).
Denial first, surprises later.
I was thinking exactly the same thing... maybe with the exception of the 30% that actually believed his bullshit enough to vote for him... I've been bracing for the huge inflation bolster since he was elected...
Hell trump and musk have kind of warned us, inflation is going to get worse (and lied about it being so it can get better... ignoring the general fact that inflation is a one way street, you can't fix it... you can only slow it down, and/or speed up wages to catch up to it)
who ever wrote this article is a total moron. Unexpectedly? noo.
14 years of Conservative government has left the BBC senior ranks full of Tory placeholders and shills.
Unexpectedly? By who?
Pretty sure tons of people said that if Trump takes office, inflation would skyrocket thanks to the tarrifs and all his other bullshit... This was entirely expected. It's the result we all knew was coming if he took office.
If it were any Democrat in office right now, the media would have been pinning the blame harder than fighting games got blamed for violence in the 90s. Getting real sick of the narrative they're spinning.
And his idea to fix inflation? Cut interest rates.
Turkey did this and the value of their currency halved in value per year for two consecutive years. Imagine if in 2 years a dollar became worth only 50 cents and then a quarter. Everything would cost four times more and, if wages didn't keep up, there would be a revolution (or at least I'd hope so).
Eggs at $32/dozen. One can only dream.
People that understand economics said that People who labor under the delusion that Republican administrations are better for the economy thought otherwise.
Unexpectedly by who!?
The people who voted for the authoritarian liar. They are equally shocked at the leopard knawing on their face.
You're likely vastly overestimating their understanding of inflation. For many of them it came down to "China pays for it!" and they have no further knowledge or insight beyond that.
Yes, China pays for it, just like Mexico paid for the wall 🙄.
“Unexpectedly”
If it’s anything to me, it’s unexpectedly low.
Thank President Musk and his First Lad Trump.
Good job on voting to cancel out Joe Biden’s monopoly breakup because he didn’t do it fast enough
"If things aren't good enough, we should make them worse to teach those layabouts a lesson!" - People who have no intention of suffering the consequences of their actions
I'm not going to vote for good, I demand perfection!
- a bunch of Americans with Pikachu faces right now
I expected this ages ago, I must have superpowers or something
Please run the country
So, tarrifs have impact after all?
I buy steel products and the domestic prices are already increasing. Defeats the point of buying here vs importing. 🤷♀️
Before reacting, read the article
Inflation rose to 3% in January, its highest rate for six months, and above the 2.9% expected by economists.
This is significant for bankers, but not for regular people. You're not going to notice that inflation is 0.1% higher than expected
0.1% for someone with a $500,000 mortgage would be $500.
0.1% for a large company, like say, Blackrock, that has $15 billion dollars in debt, is 15 million dollars.
Edit: however, Blackrock also *profited to the tune of 4.7 billion dollars, so the 0.1% increase is a 0.3% cut into their profit from last year. They can absolutely afford it.
Driven primarily by….
The cost of eggs. Yes regular people are going to notice this.
I'd be interested in seeing where the inflation was higher than expectations. He's only been in office a few weeks; most of these markets don't react that quickly.
Edit: Ahh, Lemmy. Where people get down voted for wanting more information.
