#inflation #consumer #consumerspending #yahoofinance #fed
The Federal Reserve’s preferred inflation gauge, the PCE Index, showed inflation continued to cool in November. But that doesn’t mean Americans are feeling a tremendous amount of relief when they go to the store. As Economic Cycle Research Institute Co-Founder Lakshman Achuthan explains “the rate of inflation is coming down, but it doesn’t mean that prices levels have come down… They went up and they’re just not rising as fast, they’re rising slower.” Overall, Acuthan says that discretionary spending is softening, while non-discretionary spending, such as education and healthcare, remains “solid.” Watch the video above to hear what Acuthan says about what the cooling inflation data means for the possibility of rate cuts in 2024. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Worst. jacket. ever.
Moonlighting as a Pimp
He’s the “Prince” of Wall Street
Bad suit AND turtle neck!
Maybe it’s because consumers don’t pay an inflation rate, they pay a price, and prices are still way higher than their incomes can afford relative to pre-COVID helicopter money…
Prices dont go down, thats just how it works… unless there is deflation (as in my country now), which is really hard on businesses
I want deflation!
@@Capeauwhich country you are in?
When it comes to inflation, let’s cut to the chase by first acknowledging exactly what the root cause is for inflation which cause is the greed/avarice of the now global conglomerate “Big Corporate Business” entities which includes “Big Oil” which corporations can now collude and raise prices on caprice without any negative consequences due to the corporate ‘ownership’ of not only their news media outlets, but these gangstas also ‘own’ our corrupt greed/avarice driven Congress.
There are two ways to deal with inflation with one method being the traditional allowance by our corrupt greed/avarice driven Congress to allow the Fed to raise interest rates which makes the rich a lot richer and the poor even more poor.
The ‘other’ never mentioned and a great deal more effective way of dealing with inflation being a return to the OPA system. The OPA system stands for the Office of Price Administration system of price controls that was very effective in dealing with the greed/avarice of corporate America back during and immediately after WW2. The OPA system of price controls was done away with by that era’s corrupt greed/avarice driven Congress after the war despite the objections from then President Truman.
Wiggly muny line down make ppl real sad. Raw tater dinner. Crying.
Fake news,inflation just went up again.
Word
It’s because inflation is not going down. Over the past 3 years prices are up 50-100% for food and housing. 😢
If people stop being so poor everything wouldn’t be so expensive.
Consumers want DEFLATION not “slower inflation”!
🦟Inflation is coming down is an untrue statement with intent to deceive. The FED, the MEDIA with the Biden^administration are explaining utilities&food High prices cooling like this; the US prices are unhealthy fat, because in the past 3 years we gained 100 pounds of fat each year, but next year (2024) we are going to gain only 80 pound of fat that is 20 pound less fat than the past years, so “we are losing weight”🐉
Exxon mobile net profit margin 2019 was 5.4% of sales. This year it’s 15.1%. Price gouging.
Maybe because milk and bread cost a days wages after taxes and medical withholding.
Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people’s cost of living that people immediately feel the impact of. It’s not surprising negative market sentiment is so high now. We really need help to survive in this Economy.
I think I could really use more guidance to navigate the market, it is completely overwhelming, I’ve liquidated most of my assets and I could really use some advice on what best to invest into.
Your best option if you are unfamiliar with the markets is to seek advice or help from a consultant or investing coach. I know it sounds simple or generic, but talking to a consultant helped me stay afloat in the market and increase my portfolio to roughly 65% since January. For me, it’s the best method to enter the market right now.
please who is the consultant that assist you with your investment and if you don’t mind, how do I get in touch with them?
‘Margaret Johnson Arndt is the coach that guides me, you probably might have come across her before I found her through a Newsweek report. She’s quite known in her field, look—her up.
Thanks for sharing, I just liquidated some of my funds to invest in the stock market, I will need every help I can get.