Inflation is up to 3.1%

[In The Zone '98]

"I think we could go into a series of rate cuts here, starting with a 50 basis-point rate cut in September,” Bessent said in a television interview on Wednesday. “If you look at any model” it suggests that “we should probably be 150, 175 basis points lower"

Scott Bissent August 13th (aka yesterday)



These dudes are clowns lol

He has no idea how cameras work...

 

[jmegamar]

He has no idea how cameras work...

Bessent is terrible at touting the bullshyt.

 

[Jean toomer]

Yeah, well Trump will just call that report fake and insist that prices didn't increase because tariffs are not taxes due to foreign countries paying the tariffs. So Bessent's statement still doesn't make any sense, because we are living in Trump's fantasyland where there is no inflation.

FYI for people that don't understand tariffs. That PPI reports clearly shows that foreign countries don't pay the tariffs.

There is no making sense of the chaos in this administration. It reminds me of when Trump was like « we gonna pull our troops out of Qatar » during a press conference and Rex Tillerson hit the

Trump had no idea of the extent of Americas troops deployment in the middle East….Tillerson was tweet fired like 6 months later.

 

[Samori Toure]

There is no making sense of the chaos in this administration. It reminds me of when Trump was like « we gonna pull our troops out of Qatar » during a press conference and Rex Tillerson hit the

Trump had no idea of the extent of Americas troops deployment in the middle East….Tillerson was tweet fired like 6 months later.

Tomorrow morning the conumer numbers come out.

 

[Kyle C. Barker]

https://www.reddit.com/r/ProgressiveHQ/s/37LpI0nrNU

 

[Jean toomer]

https://www.reddit.com/r/ProgressiveHQ/s/37LpI0nrNU

$10.99 to $15.99 in 9 days is just unhinged.

 

[Samori Toure]

PPI Numbers came in hot this morning…Scott had to hit the

Trump says inflation is down to a perfect number. There is hardly any inflation at all.

Trump Says Inflation Is Down to A 'Perfect' Number https://share.google/1v8K4UJMnCPnavQ50

 

[malbaker86]

 

[Samori Toure]

The July 2025 CPI shows a 2.9% price increase on food from July 2024, which some increases being substantially above that rate on certain food items.

How to save money as grocery prices climb https://share.google/oapxzFYaabCZPSbez

 

[HiphopRelated]

There is always an angle with this fukking crook. If they cut rates the value of his bonds shoots up

 

[Jean toomer]

The July 2025 CPI shows a 2.9% price increase on food from July 2024, which some increases being substantially above that rate on certain food items.

How to save money as grocery prices climb https://share.google/oapxzFYaabCZPSbez

Eggs up 17%, coffee 14% …

 

[Samori Toure]

Eggs up 17%, coffee 14% …

Ground beef up 11.5%. Steaks up 12.4%.

MAGATS have to be the biggest economic morons in human history.

 

[DeuceZ]

Inflation gonna get worse and so will unemployment... T-A-N-G-I-B-L-E-S

 

[Sir Richard Spirit]

Someone tell @Samori Toure


To come holla at me.

 

[BlackBall]

We’re back! Crash incoming