Latest CPI Report : The ‘soft landing’ plane is still circling
==========
The U.S. economy is experiencing a 'soft landing' with inflation steadily coming down to the Federal Reserve's goal of 2% without provoking a recession. However, the latest Consumer Price Index (CPI) report from the U.S. Labor Department shows that the 'soft landing' plane is stuck circling the airport. The January 2024 CPI report reveals that prices have been stuck at the same level since summer 2023, and there are signs of prices beginning to rise again. The CPI report also shows that core inflation has been stuck at around 3.9%-4% since October 2023, and services inflation has been stuck at around 5% since October 2023. The CPI report suggests that the U.S. economy may be running out of gas as inflation continues to remain high. The article discusses the reasons behind the stagnation in inflation, including the inefficiency of Federal Reserve interest rate hikes and the impact of supply chain disruptions. The author argues that the U.S. economy has changed since the 1980s, and monetary policy may not be as effective in reducing inflation as it was in the past. The article concludes that the U.S. economy may not experience a 'soft landing' and that inflation may remain high.
#Cpi #Inflation #FederalReserve #U.s.Economy
https://mronline.org/2024/02/23/latest-cpi-report/
MR Online /
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2024-02-23 11:48:16
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npub13n6kznc54l36fw0s8fwp5welxwvg2j5flyj5ykrxvmy7r7qp88tqzrg8huPublished at
2024-02-23 11:48:16Event JSON
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"content": "Latest CPI Report : The ‘soft landing’ plane is still circling\n==========\n\nThe U.S. economy is experiencing a 'soft landing' with inflation steadily coming down to the Federal Reserve's goal of 2% without provoking a recession. However, the latest Consumer Price Index (CPI) report from the U.S. Labor Department shows that the 'soft landing' plane is stuck circling the airport. The January 2024 CPI report reveals that prices have been stuck at the same level since summer 2023, and there are signs of prices beginning to rise again. The CPI report also shows that core inflation has been stuck at around 3.9%-4% since October 2023, and services inflation has been stuck at around 5% since October 2023. The CPI report suggests that the U.S. economy may be running out of gas as inflation continues to remain high. The article discusses the reasons behind the stagnation in inflation, including the inefficiency of Federal Reserve interest rate hikes and the impact of supply chain disruptions. The author argues that the U.S. economy has changed since the 1980s, and monetary policy may not be as effective in reducing inflation as it was in the past. The article concludes that the U.S. economy may not experience a 'soft landing' and that inflation may remain high.\n\n#Cpi #Inflation #FederalReserve #U.s.Economy\n\nhttps://mronline.org/2024/02/23/latest-cpi-report/",
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