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Inflation Drops Big in June; But Don’t Pop the Champagne Cork Just Yet

July 13, 2023 by Ted 2 Comments

Chart shows categories that contribute to inflation

Chalk this up to good economic news! Yesterday, the latest Consumer Price Index (CPI) reading for the year through June shows that inflation continues to moderate, coming in at a reading of just 3% growth. That is well off the reading of 4% through May and much better than economists had anticipated.

But it is not yet time to open the champagne just yet, as we are likely to have another interest rate increase from the Federal Reserve Board (the Fed) later this month, and perhaps yet another one before the end of 2023 as they try to manhandle inflation down to their 2% target rate.

See more on the direction of inflation

[Read more…] about Inflation Drops Big in June; But Don’t Pop the Champagne Cork Just Yet

Filed Under: Consumer Trends, Economic Trends, News Tagged With: consumers, Core CPI, CPI, inflation

Inflation Spiked 9.1% in June Exceeding Forecasts; Risk of Recession Grows

July 13, 2022 by Ted Leave a Comment

Grocery shopper, groceries have seen big price increases

The U.S. Bureau of Labor Statistics announced Wednesday that inflation in June came in at a surprising rate of 9.1%, clearly demonstrating that – in contrast to what many economists had hoped – inflation had not yet peaked in May. This news raises the risk of an approaching economic disruption…a recession.

Read more on this inflation reading

[Read more…] about Inflation Spiked 9.1% in June Exceeding Forecasts; Risk of Recession Grows

Filed Under: Economic Trends, News Tagged With: Core CPI, CPI, inflation, recession

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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