๐ Macroeconomics
Inflation Alert! The purchasing power of the dollar continues to go WHOOSH!!! In November, the purchasing power of $100 in January 2000 dropped to $56.80.
Inflation Alert! The purchasing power of the dollar continues to go WHOOSH!!! In November, the purchasing power of $100 in January 2000 dropped to $56.80. Remember, CPI tracks the loss of the purchasing power of your dollars, and thereby the purchasing power of your hard earned labor.
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Inflation Alert! Retail sales surged by 1.3% ($694.5 billion) in October (8.3% above October 2021). Retail sales, which are not adjusted for inflation, were up by 8.3% for the 12 months ended in October.
Inflation Alert! Retail sales surged by 1.3% ($694.5 billion) in October (8.3% above October 2021). Retail sales, which are not adjusted for inflation, were up by 8.3% for the 12 months ended in October. Consumers are not quitting when it comes to spending, more fuel for
Federal Reserve Alert! Q3 Report on Household Debt and Credit: The 15 percent year-over-year increase in credit card balances marked the largest in more than 20 years.
Source: https://www.newyorkfed.org/medialibrary/interactives/householdcredit/data/pdf/HHDC_2022Q3
Household Debt Rises to $16.51 Trillion on Higher Mortgage, Credit Card Balances
Total household debt rose by $351 billion, or 2.2 percent, to reach $16.51 billion in the third quarter of 2022, according to the
Federal Reserve Alert! Fed Vice Chair Michael Barr testifies at Senate Banking Committee: โI think that it is the case we are going to see significant softening in the economy,โ
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Federal Reserve Alert! Governor Christopher J. Waller: 'I cannot emphasize enough that one report does not make a trend.' 'I believe that policy is barely in restrictive territory today, so more interest rate hikes are needed to get inflation down.'
Source: https://www.federalreserve.gov/newsevents/speech/waller20221116a.htm
Thank you, Dean Kadan, and thank you for the opportunity to speak today about the outlook for the U.S. economy and the implications for the Federal Reserve's ongoing fight to reduce inflation.
I will begin with some comments
U.S. Economic Calendar Alert! (November 14th-November 18th): This Week's Major U.S. Economic Reports, Fed Speakers, and Statements.
Good morning and happy Monday r/superstonk, I hope everyone had a wonderful weekend! Please check back as this post will be updated as these indicators are released. If you would like to review last week's calendar, it can be viewed here. Thanks and I hope everyone has