Surprised it hasn’t been written about yet here, but inflation is one of the core issues that will determine next year’s election, and today there is more GOOD NEWS.
www.cnn.com/...
The Consumer Price Index rose 3.2% for the 12 months that ended in October, down from 3.7% in September, according to Bureau of Labor Statistics data released Tuesday.
On a monthly basis, prices were unchanged for the first time since July 2022. A month before, they shot up 0.4% as gas and rent costs added upward pressure.
The Dow rose by 365 points or 1.1% on the news, with the S&P up 1.5% and the Nasdaq Composite higher by 2%.
Energy prices dropped in October; however, that was offset by the continued rise of shelter costs, according to the report.
This will be a month by month slog, and consumer sentiment lags economic reality, but we NEED to get the word out that, even as prices are still too high due to corporate gouging, we are headed in the RIGHT DIRECTION and inflation is much better than the story lines the media push. And, no surprise, today’s news has been downplayed by most media so far today.