Positive news for America from President Biden and the Democrats

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.

A separate report from the Labor Department showed initial claims for state unemployment benefits fell 7,000 to a seasonally adjusted 221,000 for the week ended July 22, the lowest level since February. Economists had forecast 235,000 claims for the latest week.

Americans continue to feel better
about inflation and the economy
under the Democrat administration

Washington, DC CNN —

US consumers have been feeling a whole lot better
this summer as inflation has continued to slow.

Consumer sentiment tracked by the University of Michigan
rose 11% in July from the prior month, reaching its
highest level since October 2021, according to a final
reading of the month’s data.

Quote Originally Posted by fubah2:

Americans continue to feel better about inflation and the economy under the Democrat administration 

Washington, DC CNN — US consumers have been feeling a whole lot better this summer as inflation has continued to slow. Consumer sentiment tracked by the University of Michigan rose 11% in July from the prior month, reaching its highest level since October 2021, according to a final reading of the month’s data.

That’s a huge improvement from June 2022, when
the Ukraine war caused a huge spike in oil prices and
consumer sentiment fell to its lowest level on record
and inflation reached a four-decade high of 9.1%.

bidenomics beating  expectations ??   

Another key economic report further propped up the idea that a soft landing is not only possible, but also in motion: The Federal Reserve’s preferred inflation gauge continued its deceleration in June while consumers kept the US economic engine running.

Commerce Department data released Friday showed that the Personal Consumption Expenditures price index rose 3% for the 12 months ended in June, easing for the second-consecutive month and stepping back from May’s 3.8% increase.

When stripping out energy and food prices, the core PCE index showed prices increased 4.1% in June from the year before. Economists were expecting the core index to increase 4.2% on an annual basis. In May, the core PCE rose 4.6% annually.

Bidenomics is still brutal to really anyone you talk to.  Unnecessary high inflation over the last 2 years, and an acceleration of high gas prices again.

What rock do you live under?? 

Other sentiment surveys have also reflected rising optimism, in part due to inflation’s recent slowdown. The Conference Board’s monthly Consumer Confidence Index increased for the third consecutive month in July, hitting 117 from 110.1 the month before. A survey of economists and analysts released by the National Association for Business Economics this week showed that businesses have rejoiced in better economic conditions, such as rising sales and profits combined with declining material costs.

that and all indexs finished high again on friday 

Yes

I'm expecting a lot of profit-grabbing the first half of next week but I also expect  - barring deleterious unforeseen national or world events as my caveat -  the markets to gain further by week's end once again.

@fubah2

 think yur righton that and looking forward to further increases in my DOW !!!! 

Middle-income Americans say they are on track to thrive financially

A new survey found that 79% of responders think they’ll achieve
prosperity within the next 10 years

People believe they’re making the right choices. Some of them
are insecure, clearly. But consumers are still confident in their
bank and in the banking industry but also taking advantage of
this current interest rate scenario. So the upside of what’s
happened with interest rates is for those that have deposits,
some savings and investments can now be earning a much
higher risk-free return on that!!

Higher than they’ve seen in the last 15 years!

  HEADLINES TODAY . . .

As of the end of July, the US stock market
has had its strongest showing since 1997

(dates back to the thriving economy of the Clinton democrats)

I think you might have had hair in 1997 . Might . 

Tupac had passed . Biggie might still have been alive though …..

@fubah2  

Good run under Clinton ended well.

Bad run for Bush and it ended very badly.

Good run for Obama despite the mess he inherited from the republicans and it ended well.

BAD run for Trump and it ended very badly

Solid run for Biden so far despite the mess he inherited from the new MAGA-fascist party!

Biden is presiding over the best economy in 4 decades.

Trump has a judge presiding over his 3rd arraignment in 4 months.

My house is always the fullest after opening and maxing out new credit cards.

Unemployment down to 3.5% again!

  During the past 16 months,
       the jobless rate has hovered between 3.5% and 3.7%
       — incredible levels not seen in more than 50 years!   

  HEADLINES tonight . . .

OHIO voters REJECT republican scheme!

Ohio voters rejected Tuesday an effort by republicans
to raise the threshold to amend the state’s constitution
ahead of a November referendum on whether to
constitutionally guarantee abortion rights there,
handing abortion rights advocates a critical victory.

Known as Issue 1, the measure would have changed
Ohio’s referendum law – lifting the threshold to amend
the state’s constitution from a simple majority to 60%.

With the critical November referendum approaching,
if passed the rule would have made it extraordinarily
difficult on those hoping to keep abortion rights for women.

But Ohioans rejected the proposal, and so a simple majority
remains as the only requirement.

Even in republican states, majority of voters support abortion rights.  So restricting access is more likely to hurt instead of help pro-life politicians in elections.  Midterm elections show democrats support for abortion can win votes.  Polls show majority still disapprove of supreme court decision overturning Roe. 

HEADLINES TODAY!...

Green energy company biden hosted at White House files for bankruptcy 

https://www.yahoo.com/news/green-energy-company-biden-hosted-144056418.html

I’m sure they will manage to be bailed out or something where they don’t have to pay anything all the while staying afloat and in business …..

It's all about the Benjamins...it's easy to control people when there is fear.  What a coincidence,  election is coming and covid back in the picture.  

  republicans lose again ! 

sign of things to come  in other states too ??