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.
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.
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.
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.
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.
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%.
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%.
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.
bidenomics beating expectations ??
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
Quote Originally Posted by fubah2:
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.
Quote Originally Posted by fubah2: 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. 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.
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by fubah2: 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. 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??
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.
Quote Originally Posted by KellyM_1964: Quote Originally Posted by fubah2: 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. 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.
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.
Quote Originally Posted by fubah2:
Quote Originally Posted by KellyM_1964: Quote Originally Posted by fubah2: 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. 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.
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.
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, whenthe Ukraine war caused a huge spike in oil prices andconsumer sentiment fell to its lowest level on record and inflation reached a four-decade high of 9.1%.
that and all indexs finished high again on friday
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
Quote Originally Posted by fubah2:
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, whenthe Ukraine war caused a huge spike in oil prices andconsumer sentiment fell to its lowest level on record and inflation reached a four-decade high of 9.1%.
Quote Originally Posted by fubah2: 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, whenthe Ukraine war caused a huge spike in oil prices andconsumer sentiment fell to its lowest level on record and inflation reached a four-decade high of 9.1%. 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.
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by fubah2: 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, whenthe Ukraine war caused a huge spike in oil prices andconsumer sentiment fell to its lowest level on record and inflation reached a four-decade high of 9.1%. 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.
Quote Originally Posted by KellyM_1964: Quote Originally Posted by fubah2: 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, whenthe Ukraine war caused a huge spike in oil prices andconsumer sentiment fell to its lowest level on record and inflation reached a four-decade high of 9.1%. 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 !!!!
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
Quote Originally Posted by fubah2:
Quote Originally Posted by KellyM_1964: Quote Originally Posted by fubah2: 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, whenthe Ukraine war caused a huge spike in oil prices andconsumer sentiment fell to its lowest level on record and inflation reached a four-decade high of 9.1%. 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!
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!!
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)
Quote Originally Posted by fubah2:
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)
Quote Originally Posted by fubah2: 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)
@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!
Quote Originally Posted by fubah2:
Quote Originally Posted by fubah2: 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)
@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!
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.
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.
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.
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.
Quote Originally Posted by fubah2:
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.
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.
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 extraordinarilydifficult on those hoping to keep abortion rights for women. But Ohioans rejected the proposal, and so a simple majorityremains as the only requirement.
republicans lose again !
sign of things to come in other states too ??
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
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 extraordinarilydifficult on those hoping to keep abortion rights for women. But Ohioans rejected the proposal, and so a simple majorityremains as the only requirement.
That’s a huge improvement from June 2022, when
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