ECONX Import Prices m/m +1.8% vs +1.2% consensus a weak dollar is finally showing up in the inflation numbers with import prices. just out and the futures dropped more.
Gee Enforcer, you make it sound like a bad thing. Here's what will happen. A new inflation measure will be introduced. It will strip out those pesky rising import prices. Viola! No inflation. It's that easy. Just strip out the things rising in price and you have no inflation. Haven't you been paying attention. Geez!
Yet; the Bond market still acts like one more cut in December. we have to wait to see the number from next week.
They will cut in December ahead of the Wall St cartel reporting. When interest rates go down, toxic waste prices go up. Keep buying them more time.
Increasing exports prices will negate any positive effect of dollar devaluation on the trade balance.
Bennie is going to cut all the way to 0%. THEN what are we going to do? All that will be left for the Fed is to either print more money [gasp], or raise rates. Some day when we're up to our necks in sh*t, they're going to say, "you know, we really shouldn't have been messin' with the money like we did". Of course, the horse will already be out of the barn by then.
C'mon Gnome. Don't be that way. Here we have a nice thread going and you go spoil it with all your talk about responsible monetary policy. Sheesh.
the fed has been saying for months that "so far higher material costs and a weak dollar have'nt showed up in the numbers yet". well today they did in a big way with import prices climbing much higher than expected to 1.8%. this shows the weak dollar is now showing the negative side.