February '25 Inflation highest in a year

[ua_guy]

The Federal Reserve’s key inflation measure rose more than expected in February while consumer spending also posted a smaller-than-projected increase, the Commerce Department reported Friday.

https://www.cnbc.com/2025/03/28/pce-inflation-february-2025-.html

[ua_guy]

I'm not hopeful about the March numbers, either. What an epic failure.

[EasyMoney00]

In before the closure.

[disneysteve]

In before the closure.

What does that mean? If you have nothing useful to contribute to the conversation, just scroll on by.

[QuarterMillionMan]

The economy is doing very well with prices coming down. It's the stock market that is having a tantrum like a little kid who no longer can have its candy.

[disneysteve]

The economy is doing very well with prices coming down.

The latest jobs report was good, but most other economic indicators are not. Inflation is up, not down, as posted in other threads. Tens of thousands of Federal workers have been fired. Consumer sentiment is the lowest in over a decade. All expectations are for a recession this year. Companies have already announced layoffs due to the tariffs including Stellantis and Whirlpool though I'm sure there will be others if there aren't already. The taxes/tariffs are going to sharply decrease growth and revenue for US companies. So I'm not sure what you are seeing to make you think the economy is "doing very well". And remember, most of the reports we see are a couple of months delayed so they pre-date most of the Trump administration's contribution. It will be interesting to see what the April numbers look like when we get them in June.

[ua_guy]

Yep, March Jobs report was good, although Jan/Feb were revised down. Inflation ticked higher, and so did unemployment. Traditional economic indicators are moving in a direction that indicates the economy is starting to change negatively. Consumer sentiment/confidence is very low. With tariffs enacted, the months ahead will be very telling just how far things are going to turn for the worse.

[LivingAlmostLarge]

Luckyrobin pointed out we're in a recession by the typical terms. But are we headed to a depression?

[ua_guy]

I'm not sure, but I think I heard this story in church before. Things will be painful, but you have to have faith, right?. God might kill your children and make you blind, but, it's for a good reason, you just have to trust! And if you don't, you're a horrible person. Just like the economy is starting to go to crap, you have to trust that losing your life savings is the right thing, and there's a plan behind it all.

[QuarterMillionMan]

I'm following in ua_guy's & Snydley's footsteps and dumping my equities. In my 457 government retirement plan I transferred 100% of my large cap fund into a stable income fund (annualized return 4%). This stock market is on shaky grounds.

[QuarterMillionMan]

Just placed a market order to short sell 14 shares of Delta airlines (DAL) at $37.24. I'll be watching this trade like a hawk and if pummels me, I'm getting out fast.