Quote Originally Posted by fubah2: Who appointed POWELL to lead the FED? That would be the convicted criminal who led an insurrection just to stay in power after calling our deceased soldiers suckers and losers
He also desecrated the hallowed grounds of section 60 just for a partisan political stunt
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Quote Originally Posted by Zeus4par:
Quote Originally Posted by fubah2: Who appointed POWELL to lead the FED? That would be the convicted criminal who led an insurrection just to stay in power after calling our deceased soldiers suckers and losers
He also desecrated the hallowed grounds of section 60 just for a partisan political stunt
Although the FED has no interaction with any president (and shouldn't ever!) today trump stated the 1/2 pt rate cut today by Jerome Powell - a trump appointee! - was "playing politics"
This is because a rate cut is very welcome news to America and therefore NOT GOOD for trump's negative attack campaign against the Democrats in an effort to win the presidency and avoid PRISON!
On CNN, panelist Van Jones stated the obvious that intelligent people see right away:
"That's not playing politics! If he was playing politics, the Fed would have done this months agowhen Democrats were BEGGING for it!! "
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Although the FED has no interaction with any president (and shouldn't ever!) today trump stated the 1/2 pt rate cut today by Jerome Powell - a trump appointee! - was "playing politics"
This is because a rate cut is very welcome news to America and therefore NOT GOOD for trump's negative attack campaign against the Democrats in an effort to win the presidency and avoid PRISON!
On CNN, panelist Van Jones stated the obvious that intelligent people see right away:
"That's not playing politics! If he was playing politics, the Fed would have done this months agowhen Democrats were BEGGING for it!! "
Yeah the Economy is doing just great….so good that the Dollar Tree is closing 600 stores, Tupperware has filed for bankruptcy! Kabama was asked how she would improve the economy and her answer was”I’m one of the middle class, my parents were middle class, all the people who kept their lawn green in my neighborhood were middle class blah, blah, blah!
id like to see the media go to Canada and show the American voter just where Kabama grew up….she actually grew up in the best area in all of Canada. Then I’d like to see the same news crew go to here $5 MILLiON house in California! You know, the middle class house she lives in now!
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Yeah the Economy is doing just great….so good that the Dollar Tree is closing 600 stores, Tupperware has filed for bankruptcy! Kabama was asked how she would improve the economy and her answer was”I’m one of the middle class, my parents were middle class, all the people who kept their lawn green in my neighborhood were middle class blah, blah, blah!
id like to see the media go to Canada and show the American voter just where Kabama grew up….she actually grew up in the best area in all of Canada. Then I’d like to see the same news crew go to here $5 MILLiON house in California! You know, the middle class house she lives in now!
Although the FED has no interaction with any president (and shouldn't ever!) today trump stated the 1/2 pt rate cut today by Jerome Powell - a trump appointee!- was "playing politics"
This is because a rate cut is very welcome news to America and therefore NOT GOOD for trump's negative attack campaign against the Democrats in an effort to win the presidency andavoid PRISON!
On CNN, panelist Van Jones stated the obvious that intelligent people see right away:
"That's not playing politics! If he was playing politics, the Fed would have done this months agowhen Democrats were BEGGING for it!! "
BTW, avoiding prison is widely thought to be his main reason for running for president - since those outside the MAGA bubble understand clearly that trump doesn't give a damn about helping anyone but himself...
4
Quote Originally Posted by fubah2:
Although the FED has no interaction with any president (and shouldn't ever!) today trump stated the 1/2 pt rate cut today by Jerome Powell - a trump appointee!- was "playing politics"
This is because a rate cut is very welcome news to America and therefore NOT GOOD for trump's negative attack campaign against the Democrats in an effort to win the presidency andavoid PRISON!
On CNN, panelist Van Jones stated the obvious that intelligent people see right away:
"That's not playing politics! If he was playing politics, the Fed would have done this months agowhen Democrats were BEGGING for it!! "
BTW, avoiding prison is widely thought to be his main reason for running for president - since those outside the MAGA bubble understand clearly that trump doesn't give a damn about helping anyone but himself...
In addition to strong job gains and a boost in workers’ pay, September’s jobs report also showed that the jobless rate dropped as well, to 4.1% (actually 4.051% unrounded).
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In addition to strong job gains and a boost in workers’ pay, September’s jobs report also showed that the jobless rate dropped as well, to 4.1% (actually 4.051% unrounded).
America’s inflation continued to slow in September, reaching a fresh three-and-a-half-year low and coming in at a pace that’s similar to what was seen in 2017 and 2018, according to data released Thursday.
The Consumer Price Index, which measures price changes across commonly purchased goods and services, was 2.4% for the 12 months ended in September, slowing from a 2.5% annual rate in August, according to the latest Bureau of Labor Statistics report.
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HEADLINES this week . . .
America’s inflation is getting back to normal
CNN —
America’s inflation continued to slow in September, reaching a fresh three-and-a-half-year low and coming in at a pace that’s similar to what was seen in 2017 and 2018, according to data released Thursday.
The Consumer Price Index, which measures price changes across commonly purchased goods and services, was 2.4% for the 12 months ended in September, slowing from a 2.5% annual rate in August, according to the latest Bureau of Labor Statistics report.
Spending at US retailers climbed 0.4% in September from the prior month, according to fresh government data released Thursday. That was much stronger than August’s 0.1% gain and was in line with what economists projected in a FactSet poll.
Wall Street cheered the American economy’s latest show of strength
Consumer spending makes up about 70% of the US economy, with retail sales comprising a sizable chunk of that. Thursday’s report shows that Americans are still opening their wallets despite years of elevated inflation and interest rates that have only recently begun to come down from a bruising two-decade high.
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HEADLINES today . . .
Adding to the good economic news!
Washington CNN —
Spending at US retailers climbed 0.4% in September from the prior month, according to fresh government data released Thursday. That was much stronger than August’s 0.1% gain and was in line with what economists projected in a FactSet poll.
Wall Street cheered the American economy’s latest show of strength
Consumer spending makes up about 70% of the US economy, with retail sales comprising a sizable chunk of that. Thursday’s report shows that Americans are still opening their wallets despite years of elevated inflation and interest rates that have only recently begun to come down from a bruising two-decade high.
Washington CNN — Spending at US retailers climbed 0.4% in September from the prior month, according to fresh government data released Thursday. That was much stronger than August’s 0.1% gain and was in line with what economists projected in a FactSet poll. Wall Street cheered the American economy’s latest show of strength Consumer spending makes up about 70% of the US economy, with retail sales comprising a sizable chunk of that. Thursday’s report shows that Americans are still opening their wallets despite years of elevated inflation and interest rates that have only recently begun to come down from a bruising two-decade high.
Separate data from the Labor Department showed that new applications for unemployment benefits fell by 19,000 last week, the steepest weekly decline since June 2023.
So, not only does the job market remain in good shape, [under the Biden/Harris administration] but consumer spending — a key driver of the US economy — also remains healthy!
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Quote Originally Posted by fubah2:
HEADLINES today . . .
Adding to the
good economic news!
Washington CNN — Spending at US retailers climbed 0.4% in September from the prior month, according to fresh government data released Thursday. That was much stronger than August’s 0.1% gain and was in line with what economists projected in a FactSet poll. Wall Street cheered the American economy’s latest show of strength Consumer spending makes up about 70% of the US economy, with retail sales comprising a sizable chunk of that. Thursday’s report shows that Americans are still opening their wallets despite years of elevated inflation and interest rates that have only recently begun to come down from a bruising two-decade high.
Separate data from the Labor Department showed that new applications for unemployment benefits fell by 19,000 last week, the steepest weekly decline since June 2023.
So, not only does the job market remain in good shape, [under the Biden/Harris administration] but consumer spending — a key driver of the US economy — also remains healthy!
Quote Originally Posted by fubah2: Quote Originally Posted by Zeus4par: @fubah2 ‘Truly monster’ September jobs report! - CNN @Zeus4par Economy under Democrats added a whopping 254,000 jobs last month! Economists had been projecting only 140,000 jobs would be added in September!!!
Economists had also expected the low unemployment rate to stay at 4.2%
but it dropped to 4.1%
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Quote Originally Posted by fubah2:
Quote Originally Posted by fubah2: Quote Originally Posted by Zeus4par: @fubah2 ‘Truly monster’ September jobs report! - CNN @Zeus4par Economy under Democrats added a whopping 254,000 jobs last month! Economists had been projecting only 140,000 jobs would be added in September!!!
Economists had also expected the low unemployment rate to stay at 4.2%
Biden administration US economy exceeds expectations!!
GDP has outpaced pre-Biden administration projections of congress budget office. After adjusting for inflation, US wages are higher than at any point in US history. Also after adjusting for age and gender, the percentage of population that is employed is around its peak.
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Quote Originally Posted by Zeus4par:
Biden administration US economy exceeds expectations!!
GDP has outpaced pre-Biden administration projections of congress budget office. After adjusting for inflation, US wages are higher than at any point in US history. Also after adjusting for age and gender, the percentage of population that is employed is around its peak.
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