Quote Originally Posted by fubah2: US inflation cooled in Junefor the 12th straight month! Minneapolis CNN — July 12 US annual inflation slowed to 3% last month, according tothe latest Consumer Price Index released Wednesday. The June annual rate is down from 4% in Mayand landed slightly below economists’ expectations fora 3.1% increase, according to Refinitiv. Inflation, as measured by the CPI, has now easedfor 12 consecutive months and is at its lowest rate since March 2021.
@KellyM_1964
And counting...
2
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by fubah2: US inflation cooled in Junefor the 12th straight month! Minneapolis CNN — July 12 US annual inflation slowed to 3% last month, according tothe latest Consumer Price Index released Wednesday. The June annual rate is down from 4% in Mayand landed slightly below economists’ expectations fora 3.1% increase, according to Refinitiv. Inflation, as measured by the CPI, has now easedfor 12 consecutive months and is at its lowest rate since March 2021.
Fine say he did save millions, for what purpose. See that basket full of deplorable is rhe .ajoritg of America today. Raised in fatherless homes dad is dead or in prison . No hope no future so policy saved them so what saves the USA from them? Those raised in families on welfare or in foster homes group homes constructed to become part of gang violence and inner city decay.... There is no plan. No law is going to change this direction the country is in and has been in since the 70s. Lawless criminals with guns killing people on a daily basis. Stop with its rhe guns fault.... it this society fault for allowing this policy of breaking up the American family and setting the us in a civil war of the have and have not. And we are the minority if we had two parents in our house hold.... We have 100,000 of us citizens on the street and can't seem to help anyone who crosses the birder with shelter concerns. Meanwhile every city co.m I nuts and town is now involved with drugs gangs and violence.... What a beacon of hope this nation has become
@nature1970 As usual you raise some good points. Indeed we own a very complex problem.
Like in the movie "Dave" (Kevin Kline; Sigourney Weaver) while standing at the Presidential lectern addressing Congress he correctly states: "We have SO MANY PROBLEMS we don't even know where to begin!"
We can identify problems......scores of them! That part isn't too difficult for most.
But solutions - regardless who is in the White House - seems elusive, largely due (but certainly not entirely due) to political polarity and "tribalism" (ie, stubborn partisanship in both Congress and state legislatures regardless how helpful any particular proposal may be) Greed, resentment, power envy and INTOLERANCE all play outsized roles too. Making matters worse nowadays are blissful gullibility and especially, ignorance (often wilful) arising DIRECTLY from political polarity and "tribalism"
Then along comes one particular asshole with a bullhorn & massive ego who taps directly into those deplorable traits of many to exploit it all to satisfy his desires and personal gain, driving a colossal wedge through American society unseen in 150 years. Animus, resentment, distrust, and INTOLERANCE are now at alltime highs.
By fictitious metaphor, when an interstate highway is in need of repair - the solutions for physical repair are relatively easy......but getting polarized lawmakers to agree to vote to make those repairs is the real challenge......when it shouldn't be.
2
Quote Originally Posted by nature1970:
Fine say he did save millions, for what purpose. See that basket full of deplorable is rhe .ajoritg of America today. Raised in fatherless homes dad is dead or in prison . No hope no future so policy saved them so what saves the USA from them? Those raised in families on welfare or in foster homes group homes constructed to become part of gang violence and inner city decay.... There is no plan. No law is going to change this direction the country is in and has been in since the 70s. Lawless criminals with guns killing people on a daily basis. Stop with its rhe guns fault.... it this society fault for allowing this policy of breaking up the American family and setting the us in a civil war of the have and have not. And we are the minority if we had two parents in our house hold.... We have 100,000 of us citizens on the street and can't seem to help anyone who crosses the birder with shelter concerns. Meanwhile every city co.m I nuts and town is now involved with drugs gangs and violence.... What a beacon of hope this nation has become
@nature1970 As usual you raise some good points. Indeed we own a very complex problem.
Like in the movie "Dave" (Kevin Kline; Sigourney Weaver) while standing at the Presidential lectern addressing Congress he correctly states: "We have SO MANY PROBLEMS we don't even know where to begin!"
We can identify problems......scores of them! That part isn't too difficult for most.
But solutions - regardless who is in the White House - seems elusive, largely due (but certainly not entirely due) to political polarity and "tribalism" (ie, stubborn partisanship in both Congress and state legislatures regardless how helpful any particular proposal may be) Greed, resentment, power envy and INTOLERANCE all play outsized roles too. Making matters worse nowadays are blissful gullibility and especially, ignorance (often wilful) arising DIRECTLY from political polarity and "tribalism"
Then along comes one particular asshole with a bullhorn & massive ego who taps directly into those deplorable traits of many to exploit it all to satisfy his desires and personal gain, driving a colossal wedge through American society unseen in 150 years. Animus, resentment, distrust, and INTOLERANCE are now at alltime highs.
By fictitious metaphor, when an interstate highway is in need of repair - the solutions for physical repair are relatively easy......but getting polarized lawmakers to agree to vote to make those repairs is the real challenge......when it shouldn't be.
Quote Originally Posted by nature1970: Fine say he did save millions, for what purpose. See that basket full of deplorable is rhe .ajoritg of America today. Raised in fatherless homes dad is dead or in prison . No hope no future so policy saved them so what saves the USA from them? Those raised in families on welfare or in foster homes group homes constructed to become part of gang violence and inner city decay.... There is no plan. No law is going to change this direction the country is in and has been in since the 70s. Lawless criminals with guns killing people on a daily basis. Stop with its rhe guns fault.... it this society fault for allowing this policy of breaking up the American family and setting the us in a civil war of the have and have not. And we are the minority if we had two parents in our house hold.... We have 100,000 of us citizens on the street and can't seem to help anyone who crosses the birder with shelter concerns. Meanwhile every city co.m I nuts and town is now involved with drugs gangs and violence.... What a beacon of hope this nation has become @nature1970 As usual you raise some good points. Indeed we own a very complex problem. Like in the movie "Dave" (Kevin Kline; Sigourney Weaver) while standing at the Presidential lectern addressing Congress he correctly states: "We have SO MANY PROBLEMS we don't even know where to begin!" We can identify problems......scores of them! That part isn't too difficult for most. But solutions - regardless who is in the White House - seems elusive, largely due (but certainly not entirely due) to political polarity and "tribalism" (ie, stubborn partisanship in both Congress and state legislatures regardless how helpful any particular proposal may be) Greed, resentment, power envy and INTOLERANCE all play outsized roles too. Making matters worse nowadays are blissful gullibility and especially, ignorance (often wilful) arising DIRECTLY from political polarity and "tribalism" Then along comes one particular asshole with a bullhorn & massive ego who taps directly into those deplorable traits of many to exploit it all to satisfy his desires and personal gain, driving a colossal wedge through American society unseen in 150 years. Animus, resentment, distrust, and INTOLERANCE are now at alltime highs. By fictitious metaphor, when an interstate highway is in need of repair - the solutions for physical repair are relatively easy......but getting polarized lawmakers to agree to vote to make those repairs is the real challenge......when it shouldn't be.
Tribalism
1
Quote Originally Posted by fubah2:
Quote Originally Posted by nature1970: Fine say he did save millions, for what purpose. See that basket full of deplorable is rhe .ajoritg of America today. Raised in fatherless homes dad is dead or in prison . No hope no future so policy saved them so what saves the USA from them? Those raised in families on welfare or in foster homes group homes constructed to become part of gang violence and inner city decay.... There is no plan. No law is going to change this direction the country is in and has been in since the 70s. Lawless criminals with guns killing people on a daily basis. Stop with its rhe guns fault.... it this society fault for allowing this policy of breaking up the American family and setting the us in a civil war of the have and have not. And we are the minority if we had two parents in our house hold.... We have 100,000 of us citizens on the street and can't seem to help anyone who crosses the birder with shelter concerns. Meanwhile every city co.m I nuts and town is now involved with drugs gangs and violence.... What a beacon of hope this nation has become @nature1970 As usual you raise some good points. Indeed we own a very complex problem. Like in the movie "Dave" (Kevin Kline; Sigourney Weaver) while standing at the Presidential lectern addressing Congress he correctly states: "We have SO MANY PROBLEMS we don't even know where to begin!" We can identify problems......scores of them! That part isn't too difficult for most. But solutions - regardless who is in the White House - seems elusive, largely due (but certainly not entirely due) to political polarity and "tribalism" (ie, stubborn partisanship in both Congress and state legislatures regardless how helpful any particular proposal may be) Greed, resentment, power envy and INTOLERANCE all play outsized roles too. Making matters worse nowadays are blissful gullibility and especially, ignorance (often wilful) arising DIRECTLY from political polarity and "tribalism" Then along comes one particular asshole with a bullhorn & massive ego who taps directly into those deplorable traits of many to exploit it all to satisfy his desires and personal gain, driving a colossal wedge through American society unseen in 150 years. Animus, resentment, distrust, and INTOLERANCE are now at alltime highs. By fictitious metaphor, when an interstate highway is in need of repair - the solutions for physical repair are relatively easy......but getting polarized lawmakers to agree to vote to make those repairs is the real challenge......when it shouldn't be.
Easy with them wedgies and don’t call me Weezy cuz I’m George , Jefferson on the mescaline your intentions are respectable but how you implement them’s fucking poor …..
BACK PATTING and KISSING threads are like passing HAM SANDWICHES around over and over-wall
0
Easy with them wedgies and don’t call me Weezy cuz I’m George , Jefferson on the mescaline your intentions are respectable but how you implement them’s fucking poor …..
Quote Originally Posted by nature1970: Fine say he did save millions, for what purpose. See that basket full of deplorable is rhe .ajoritg of America today. Raised in fatherless homes dad is dead or in prison . No hope no future so policy saved them so what saves the USA from them? Those raised in families on welfare or in foster homes group homes constructed to become part of gang violence and inner city decay.... There is no plan. No law is going to change this direction the country is in and has been in since the 70s. Lawless criminals with guns killing people on a daily basis. Stop with its rhe guns fault.... it this society fault for allowing this policy of breaking up the American family and setting the us in a civil war of the have and have not. And we are the minority if we had two parents in our house hold.... We have 100,000 of us citizens on the street and can't seem to help anyone who crosses the birder with shelter concerns. Meanwhile every city co.m I nuts and town is now involved with drugs gangs and violence.... What a beacon of hope this nation has become
@nature1970 As usual you raise some good points. Indeed we own a very complex problem.
Like in the movie "Dave" (Kevin Kline; Sigourney Weaver) while standing at the Presidential lectern addressing Congress he correctly states: "We have SO MANY PROBLEMS we don't even know where to begin!"
We can identify problems......scores of them! That part isn't too difficult for most.
But solutions - regardless who is in the White House - seems elusive, largely due (but certainly not entirely due) to political polarity and "tribalism" (ie, stubborn partisanship in both Congress and state legislatures regardless how helpful any particular proposal may be) Greed, resentment, power envy and INTOLERANCE all play outsized roles too. Making matters worse nowadays are blissful gullibility and especially, ignorance (often wilful) arising DIRECTLY from political polarity and "tribalism"
Then along comes one particular asshole with a bullhorn & massive ego who taps directly into those deplorable traits of many to exploit it all to satisfy his desires and personal gain, driving a colossal wedge through American society unseen in 150 years. Animus, resentment, distrust, and INTOLERANCE are now at alltime highs.
By fictitious metaphor, when an interstate highway is in need of repair - the solutions for physical repair are relatively easy......but getting polarized lawmakers to agree to vote to make those repairs is the real challenge......when it shouldn't be.
Both sides do this but the MAGAtts are far more pernicious.
1
Quote Originally Posted by fubah2:
Quote Originally Posted by nature1970: Fine say he did save millions, for what purpose. See that basket full of deplorable is rhe .ajoritg of America today. Raised in fatherless homes dad is dead or in prison . No hope no future so policy saved them so what saves the USA from them? Those raised in families on welfare or in foster homes group homes constructed to become part of gang violence and inner city decay.... There is no plan. No law is going to change this direction the country is in and has been in since the 70s. Lawless criminals with guns killing people on a daily basis. Stop with its rhe guns fault.... it this society fault for allowing this policy of breaking up the American family and setting the us in a civil war of the have and have not. And we are the minority if we had two parents in our house hold.... We have 100,000 of us citizens on the street and can't seem to help anyone who crosses the birder with shelter concerns. Meanwhile every city co.m I nuts and town is now involved with drugs gangs and violence.... What a beacon of hope this nation has become
@nature1970 As usual you raise some good points. Indeed we own a very complex problem.
Like in the movie "Dave" (Kevin Kline; Sigourney Weaver) while standing at the Presidential lectern addressing Congress he correctly states: "We have SO MANY PROBLEMS we don't even know where to begin!"
We can identify problems......scores of them! That part isn't too difficult for most.
But solutions - regardless who is in the White House - seems elusive, largely due (but certainly not entirely due) to political polarity and "tribalism" (ie, stubborn partisanship in both Congress and state legislatures regardless how helpful any particular proposal may be) Greed, resentment, power envy and INTOLERANCE all play outsized roles too. Making matters worse nowadays are blissful gullibility and especially, ignorance (often wilful) arising DIRECTLY from political polarity and "tribalism"
Then along comes one particular asshole with a bullhorn & massive ego who taps directly into those deplorable traits of many to exploit it all to satisfy his desires and personal gain, driving a colossal wedge through American society unseen in 150 years. Animus, resentment, distrust, and INTOLERANCE are now at alltime highs.
By fictitious metaphor, when an interstate highway is in need of repair - the solutions for physical repair are relatively easy......but getting polarized lawmakers to agree to vote to make those repairs is the real challenge......when it shouldn't be.
Both sides do this but the MAGAtts are far more pernicious.
Quote Originally Posted by fubah2: US inflation cooled in June for the 12th straight month! Minneapolis CNN — July 12 US annual inflation slowed to 3% last month, according to the latest Consumer Price Index released Wednesday. The June annual rate is down from 4% in Mayand landed slightly below economists’ expectations for a 3.1% increase, according to Refinitiv. Inflation, as measured by the CPI, has now eased for 12 consecutive months and is at its lowest rate since March 2021.
2
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by fubah2: US inflation cooled in June for the 12th straight month! Minneapolis CNN — July 12 US annual inflation slowed to 3% last month, according to the latest Consumer Price Index released Wednesday. The June annual rate is down from 4% in Mayand landed slightly below economists’ expectations for a 3.1% increase, according to Refinitiv. Inflation, as measured by the CPI, has now eased for 12 consecutive months and is at its lowest rate since March 2021.
Quote Originally Posted by KellyM_1964: Quote Originally Posted by fubah2: US inflation cooled in June for the 12th straight month! Minneapolis CNN — July 12 US annual inflation slowed to 3% last month, according to the latest Consumer Price Index released Wednesday. The June annual rate is down from 4% in Mayand landed slightly below economists’ expectations for a 3.1% increase, according to Refinitiv. Inflation, as measured by the CPI, has now eased for 12 consecutive months and is at its lowest rate since March 2021.
cut from cnn ::
The Dow is on pace for its best run in 126 years.
If the Dow closes higher Thursday for a 14th consecutive session, that would be its longest run of consecutive gains since May 1897.
"I'm the MOST HONEST HUMAN BEING that God has EVER created!!" - Donald Trump
2
Quote Originally Posted by Zeus4par:
Quote Originally Posted by KellyM_1964: Quote Originally Posted by fubah2: US inflation cooled in June for the 12th straight month! Minneapolis CNN — July 12 US annual inflation slowed to 3% last month, according to the latest Consumer Price Index released Wednesday. The June annual rate is down from 4% in Mayand landed slightly below economists’ expectations for a 3.1% increase, according to Refinitiv. Inflation, as measured by the CPI, has now eased for 12 consecutive months and is at its lowest rate since March 2021.
cut from cnn ::
The Dow is on pace for its best run in 126 years.
If the Dow closes higher Thursday for a 14th consecutive session, that would be its longest run of consecutive gains since May 1897.
Quote Originally Posted by Zeus4par:Inflation, as measured by the CPI, has now eased for 12 consecutive months and is at its lowest rate since March 2021.
cut from cnn ::
The Dow is on pace for its best run in 126 years. If the Dow closes higher Thursday for a 14th consecutive session, that would be its longest run of consecutive gains since May 1897.
Should the Dow end the day higher today, and for a 15th straight day on Friday, that would mark the index’s longest daily winning streak ever.
The blue-chip index’s run is already at historic levels!
"I'm the MOST HONEST HUMAN BEING that God has EVER created!!" - Donald Trump
1
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by Zeus4par:Inflation, as measured by the CPI, has now eased for 12 consecutive months and is at its lowest rate since March 2021.
cut from cnn ::
The Dow is on pace for its best run in 126 years. If the Dow closes higher Thursday for a 14th consecutive session, that would be its longest run of consecutive gains since May 1897.
Should the Dow end the day higher today, and for a 15th straight day on Friday, that would mark the index’s longest daily winning streak ever.
The blue-chip index’s run is already at historic levels!
Quote Originally Posted by KellyM_1964: Quote Originally Posted by Zeus4par:Inflation, as measured by the CPI, has now eased for 12 consecutive months and is at its lowest rate since March 2021. cut from cnn :: The Dow is on pace for its best run in 126 years. If the Dow closes higher Thursday for a 14th consecutive session, that would be its longest run of consecutive gains since May 1897. Should the Dow end the day higher today, and for a 15th straight day on Friday, that would mark the index’s longest daily winning streak ever. The blue-chip index’s run is already at historic levels!
This might be the ultimate jinx. Literal free fall after you posted this.
0
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by KellyM_1964: Quote Originally Posted by Zeus4par:Inflation, as measured by the CPI, has now eased for 12 consecutive months and is at its lowest rate since March 2021. cut from cnn :: The Dow is on pace for its best run in 126 years. If the Dow closes higher Thursday for a 14th consecutive session, that would be its longest run of consecutive gains since May 1897. Should the Dow end the day higher today, and for a 15th straight day on Friday, that would mark the index’s longest daily winning streak ever. The blue-chip index’s run is already at historic levels!
This might be the ultimate jinx. Literal free fall after you posted this.
Quote Originally Posted by KellyM_1964: Quote Originally Posted by Zeus4par:Inflation, as measured by the CPI, has now eased for 12 consecutive months and is at its lowest rate since March 2021. cut from cnn :: The Dow is on pace for its best run in 126 years. If the Dow closes higher Thursday for a 14th consecutive session, that would be its longest run of consecutive gains since May 1897. Should the Dow end the day higher today, and for a 15th straight day on Friday, that would mark the index’s longest daily winning streak ever. The blue-chip index’s run is already at historic levels!
Just for the record...when this was posted DOW ~35,600 DOW currently 35,300
S&P ~4,600 currently 4,540
SPY ~ 458 currently 452.50
~1 hour remaining in the trading day (not including after hours).
Ultimate jinx indeed.
0
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by KellyM_1964: Quote Originally Posted by Zeus4par:Inflation, as measured by the CPI, has now eased for 12 consecutive months and is at its lowest rate since March 2021. cut from cnn :: The Dow is on pace for its best run in 126 years. If the Dow closes higher Thursday for a 14th consecutive session, that would be its longest run of consecutive gains since May 1897. Should the Dow end the day higher today, and for a 15th straight day on Friday, that would mark the index’s longest daily winning streak ever. The blue-chip index’s run is already at historic levels!
Just for the record...when this was posted DOW ~35,600 DOW currently 35,300
S&P ~4,600 currently 4,540
SPY ~ 458 currently 452.50
~1 hour remaining in the trading day (not including after hours).
Quote Originally Posted by KellyM_1964: Quote Originally Posted by Zeus4par:Inflation, as measured by the CPI, has now eased for 12 consecutive months and is at its lowest rate since March 2021.
cut from cnn ::
The Dow is on pace for its best run in 126 years.
Very encouraging trend
2
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by KellyM_1964: Quote Originally Posted by Zeus4par:Inflation, as measured by the CPI, has now eased for 12 consecutive months and is at its lowest rate since March 2021.
cut from cnn :: The Dow is on pace for its best run in 126 years. If the Dow closes higher Thursday for a 14th consecutive session, that would be its longest run of consecutive gains since May 1897.
Much of my investment is within the S & P which is up 18% this year!
2
Quote Originally Posted by KellyM_1964:
cut from cnn :: The Dow is on pace for its best run in 126 years. If the Dow closes higher Thursday for a 14th consecutive session, that would be its longest run of consecutive gains since May 1897.
Much of my investment is within the S & P which is up 18% this year!
The U.S. economy grew faster than expected in the second quarter as a resilient labor market supported consumer spending, while businesses boosted investment in equipment and built more factories, potentially keeping a much-feared recession at bay.
Despite the broad-based acceleration in growth reported by the Commerce Department on Thursday, inflation subsided considerably last quarter.
2
WASHINGTON, July 27 (Reuters) -
The U.S. economy grew faster than expected in the second quarter as a resilient labor market supported consumer spending, while businesses boosted investment in equipment and built more factories, potentially keeping a much-feared recession at bay.
Despite the broad-based acceleration in growth reported by the Commerce Department on Thursday, inflation subsided considerably last quarter.
WASHINGTON, July 27 (Reuters) - The U.S. economy grew faster than expected in the second quarter as a resilient labor market supported consumer spending, while businesses boosted investment in equipment and built more factories, potentially keeping a much-feared recession at bay. Despite the broad-based acceleration in growth reported by the Commerce Department on Thursday, inflation subsided considerably last quarter.
Efforts by the Biden administration to bring semiconductor manufacturing back to the United States are boosting factory construction.
Investment in nonresidential structures like factories remained robust last quarter.
1
Quote Originally Posted by fubah2:
WASHINGTON, July 27 (Reuters) - The U.S. economy grew faster than expected in the second quarter as a resilient labor market supported consumer spending, while businesses boosted investment in equipment and built more factories, potentially keeping a much-feared recession at bay. Despite the broad-based acceleration in growth reported by the Commerce Department on Thursday, inflation subsided considerably last quarter.
Efforts by the Biden administration to bring semiconductor manufacturing back to the United States are boosting factory construction.
Investment in nonresidential structures like factories remained robust last quarter.
Quote Originally Posted by fubah2: WASHINGTON, July 27 (Reuters) - The U.S. economy grew faster than expected in the second quarter as a resilient labor market supported consumer spending, while businesses boosted investment in equipment and built more factories, potentially keeping a much-feared recession at bay. Despite the broad-based acceleration in growth reported by the Commerce Department on Thursday, inflation subsided considerably last quarter. Efforts by the Biden administration to bring semiconductor manufacturing back to the United States are boosting factory construction. Investment in nonresidential structures like factories remained robust last quarter.
"The need to address supply shortages across the economy has supported robust construction activity, prevented a severe manufacturing pullback, and helped price and wage pressures ease," said Gregory Daco, chief economist at EY-Parthenon in New York.
1
Quote Originally Posted by fubah2:
Quote Originally Posted by fubah2: WASHINGTON, July 27 (Reuters) - The U.S. economy grew faster than expected in the second quarter as a resilient labor market supported consumer spending, while businesses boosted investment in equipment and built more factories, potentially keeping a much-feared recession at bay. Despite the broad-based acceleration in growth reported by the Commerce Department on Thursday, inflation subsided considerably last quarter. Efforts by the Biden administration to bring semiconductor manufacturing back to the United States are boosting factory construction. Investment in nonresidential structures like factories remained robust last quarter.
"The need to address supply shortages across the economy has supported robust construction activity, prevented a severe manufacturing pullback, and helped price and wage pressures ease," said Gregory Daco, chief economist at EY-Parthenon in New York.
Quote Originally Posted by fubah2: Quote Originally Posted by fubah2: WASHINGTON, July 27 (Reuters) - The U.S. economy grew faster than expected in the second quarter as a resilient labor market supported consumer spending, while businesses boosted investment in equipment and built more factories, potentially keeping a much-feared recession at bay. Despite the broad-based acceleration in growth reported by the Commerce Department on Thursday, inflation subsided considerably last quarter. Efforts by the Biden administration to bring semiconductor manufacturing back to the United States are boosting factory construction. Investment in nonresidential structures like factories remained robust last quarter. "The need to address supply shortages across the economy has supported robust construction activity, prevented a severe manufacturing pullback, and helped price and wage pressures ease," said Gregory Daco, chief economist at EY-Parthenon in New York.
Economists have since late 2022 been forecasting a downturn, but with price pressures retreating, some now believe that the soft-landing scenario for the economy envisaged by the Fed is feasible
2
Quote Originally Posted by fubah2:
Quote Originally Posted by fubah2: Quote Originally Posted by fubah2: WASHINGTON, July 27 (Reuters) - The U.S. economy grew faster than expected in the second quarter as a resilient labor market supported consumer spending, while businesses boosted investment in equipment and built more factories, potentially keeping a much-feared recession at bay. Despite the broad-based acceleration in growth reported by the Commerce Department on Thursday, inflation subsided considerably last quarter. Efforts by the Biden administration to bring semiconductor manufacturing back to the United States are boosting factory construction. Investment in nonresidential structures like factories remained robust last quarter. "The need to address supply shortages across the economy has supported robust construction activity, prevented a severe manufacturing pullback, and helped price and wage pressures ease," said Gregory Daco, chief economist at EY-Parthenon in New York.
Economists have since late 2022 been forecasting a downturn, but with price pressures retreating, some now believe that the soft-landing scenario for the economy envisaged by the Fed is feasible
Quote Originally Posted by fubah2: Quote Originally Posted by fubah2: Quote Originally Posted by fubah2: WASHINGTON, July 27 (Reuters) - The U.S. economy grew faster than expected in the second quarter as a resilient labor market supported consumer spending, while businesses boosted investment in equipment and built more factories, potentially keeping a much-feared recession at bay. Despite the broad-based acceleration in growth reported by the Commerce Department on Thursday, inflation subsided considerably last quarter. Efforts by the Biden administration to bring semiconductor manufacturing back to the United States are boosting factory construction. Investment in nonresidential structures like factories remained robust last quarter. "The need to address supply shortages across the economy has supported robust construction activity, prevented a severe manufacturing pullback, and helped price and wage pressures ease," said Gregory Daco, chief economist at EY-Parthenon in New York. Economists have since late 2022 been forecasting a downturn, but with price pressures retreating, some now believe that the soft-landing scenario for the economy envisaged by the Fed is feasible
Government spending added to growth.
1
Quote Originally Posted by fubah2:
Quote Originally Posted by fubah2: Quote Originally Posted by fubah2: Quote Originally Posted by fubah2: WASHINGTON, July 27 (Reuters) - The U.S. economy grew faster than expected in the second quarter as a resilient labor market supported consumer spending, while businesses boosted investment in equipment and built more factories, potentially keeping a much-feared recession at bay. Despite the broad-based acceleration in growth reported by the Commerce Department on Thursday, inflation subsided considerably last quarter. Efforts by the Biden administration to bring semiconductor manufacturing back to the United States are boosting factory construction. Investment in nonresidential structures like factories remained robust last quarter. "The need to address supply shortages across the economy has supported robust construction activity, prevented a severe manufacturing pullback, and helped price and wage pressures ease," said Gregory Daco, chief economist at EY-Parthenon in New York. Economists have since late 2022 been forecasting a downturn, but with price pressures retreating, some now believe that the soft-landing scenario for the economy envisaged by the Fed is feasible
Quote Originally Posted by fubah2: Quote Originally Posted by fubah2: Quote Originally Posted by fubah2: Quote Originally Posted by fubah2: WASHINGTON, July 27 (Reuters) - The U.S. economy grew faster than expected in the second quarter as a resilient labor market supported consumer spending, while businesses boosted investment in equipment and built more factories, potentially keeping a much-feared recession at bay. Despite the broad-based acceleration in growth reported by the Commerce Department on Thursday, inflation subsided considerably last quarter. Efforts by the Biden administration to bring semiconductor manufacturing back to the United States are boosting factory construction. Investment in nonresidential structures like factories remained robust last quarter. "The need to address supply shortages across the economy has supported robust construction activity, prevented a severe manufacturing pullback, and helped price and wage pressures ease," said Gregory Daco, chief economist at EY-Parthenon in New York. Economists have since late 2022 been forecasting a downturn, but with price pressures retreating, some now believe that the soft-landing scenario for the economy envisaged by the Fed is feasible Government spending added to growth.
The government's measure of inflation in the economy, the price index for gross domestic purchases, rose at a 1.9% rate, the slowest in three years!
This followed a 3.8% pace of increase in the first quarter.
1
Quote Originally Posted by fubah2:
Quote Originally Posted by fubah2: Quote Originally Posted by fubah2: Quote Originally Posted by fubah2: Quote Originally Posted by fubah2: WASHINGTON, July 27 (Reuters) - The U.S. economy grew faster than expected in the second quarter as a resilient labor market supported consumer spending, while businesses boosted investment in equipment and built more factories, potentially keeping a much-feared recession at bay. Despite the broad-based acceleration in growth reported by the Commerce Department on Thursday, inflation subsided considerably last quarter. Efforts by the Biden administration to bring semiconductor manufacturing back to the United States are boosting factory construction. Investment in nonresidential structures like factories remained robust last quarter. "The need to address supply shortages across the economy has supported robust construction activity, prevented a severe manufacturing pullback, and helped price and wage pressures ease," said Gregory Daco, chief economist at EY-Parthenon in New York. Economists have since late 2022 been forecasting a downturn, but with price pressures retreating, some now believe that the soft-landing scenario for the economy envisaged by the Fed is feasible Government spending added to growth.
The government's measure of inflation in the economy, the price index for gross domestic purchases, rose at a 1.9% rate, the slowest in three years!
This followed a 3.8% pace of increase in the first quarter.
WASHINGTON, July 27 (Reuters) - The U.S. economy grew faster than expected in the second quarter
as a resilient labor market supported consumer spending, while businesses boosted investment in equipment and built more factories, potentially keeping a much-feared recession at bay. Despite the broad-based acceleration in growth reported by the Commerce Department on Thursday, inflation subsided considerably last quarter.
Even more encouraging, the personal consumption expenditures price index (PCE) excluding food and energy advanced at just a 3.8% rate! That was the smallest gain since the first quarter of 2021 and was a slowdown from the 4.9% pace logged in the January-March quarter. The Fed watches the PCE price indexes for monetary policy.
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Quote Originally Posted by fubah2:
WASHINGTON, July 27 (Reuters) - The U.S. economy grew faster than expected in the second quarter
as a resilient labor market supported consumer spending, while businesses boosted investment in equipment and built more factories, potentially keeping a much-feared recession at bay. Despite the broad-based acceleration in growth reported by the Commerce Department on Thursday, inflation subsided considerably last quarter.
Even more encouraging, the personal consumption expenditures price index (PCE) excluding food and energy advanced at just a 3.8% rate! That was the smallest gain since the first quarter of 2021 and was a slowdown from the 4.9% pace logged in the January-March quarter. The Fed watches the PCE price indexes for monetary policy.
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