Discussion. About https://truflation.com/marketplace/us-inflation-rate If this is any kind of true in similar ways, then way is the FED still not cutting rates ?
You can also create TrAndy2022 Inflation Index and post it on the internet. Then other readers will question : Is it T or F? Even if you obtain information from a respectable website, you have to read it with a pinch of salt.
Economic numbers reporting are probably false or very conservative. I would probably double that atleast to match real world reality on the streets below. Kind of similar to sexual assault incident reporting numbers For every single job opening listed there are hundreds of applicants. And prices of things are rising way more than standard listed inflation
If numbers come in on Thursday as expected with CPI at 2.5% then Powell has no chance to not cut rates now or next meeting. Because himself he said he is on data and NOT SPECULATING. But if he assumes that tariffs or anything that is on table will for sure or very uncertain increase inlation, then this is future based and then he is speculating. So he broke his on credo then, that he is always to present data and no more. Will be interesting in a few hours from here how CPI comes in. I showed Trueflation or felt inflation is already below 2%, it is not based on future expectations. I also think that inflation will come down further.
I mean if one thing is certain, that Powell cannot speculate. So speculating whether tariffs will increase inlation or not, he cannot judge by himself. He said it too that he only uses present data and does not want to speculate. We all know that he had kind of inflation model a few years ago, that it may be temporary and inflation will come and down itself (with doing nothing) and then the inflation went off to the roof and everybody wondered why he is not increasing rates. So he was too late and as a result he had to hike too much because of that. Now he is again speculating...that ain't good (again). If he is reflecting himself he should cut now than later. It is already obvious. Finally tomorrow we know for sure it too, what the market is awaiting already for longer, with CPI incoming in hours.
About Truflation US Inflation Index Truflation provides a set of independent inflation indexes drawing on as many as 30+ data sources and 15+ million prices of goods and services in the US. These indexes are released daily, making them one of the world's most up-to-date and comprehensive inflation measures. Truflation's measurement of price changes from a consumer cost of living perspective, stand apart for the following reasons: Indexes available 30 times faster than current measurement tools and reports the indexes daily. Robust data from 30+ data providers and aggregators, resulting in multiple data sources with different methodologies covering each category, creating a more representative and balanced measurement tool. Open-source algorithms to make the data more transparent. These metrics deliver the unfiltered truth, not what is politically expedient. Census-level data, enabling access to more than 15M data points compared to the traditional index, which only includes ~80,000.
You might be the only one reading those things. Come on! Stay focus on the chart, and trade well. Anyway, next inflation index please.
It is definitely time to cut interest rates now. Powell is due to cut rates NOW. SEE CPI TODAY at 2.4% below expectations.