In February, US inflation numbers showed housing and gasoline contributing to over 60% of year-over-year inflation. Interest rates are high, and President Biden's energy policies are affecting Wyoming. Measures like CPI, PCE, and PPI inflation are on the rise, while some have stagnated or slightly decreased. The Federal Reserve is concerned about the stalled progress in fighting inflation.
🇺🇸 U.S. INFLATION SURGES: A BUMP OR TREND? February's PCE index revealed a sharp increase in U.S. inflation, challenging the Biden administration’s hopeful notion that high inflation is under control. Federal Reserve Chair Powell reportedly views the report as a bump in the… https://t.co/KUNavFVHu4 https://t.co/EMbXdUOnJD
Bidenflation https://t.co/cKK4DchieO
The Fed's preferred inflation gauge "core" PCE index — which excludes volatile food and energy prices — clocked in at 2.8%, in line with expectations and down from 2.9% in January. This could keep a mid-year interest rate cut on the table. https://t.co/4pRrTqn6ct https://t.co/UgCb8wsFfX
"PCE inflation report: Key measure ticks higher for first time since September." (via @USATODAYmoney) https://t.co/awQmu7DT1F
🇺🇸 An inflation gauge closely tracked by the Federal Reserve shows price pressures easing gradually https://t.co/h0dCPbZiGc
🇺🇸 US inflation ticked higher last month, reversing some recent progress https://t.co/pwigXalPce
🇺🇸 PCE inflation report: Key measure ticks higher for first time since September https://t.co/GlM1boKPLw
WATCH: A key measure of US inflation showed that prices rose less than expected in February. The personal consumption expenditures price index rose 0.3% last month, slightly lower than what economists polled by @Reuters had predicted https://t.co/ecO54co005 https://t.co/250q9m8GgK
The #FederalReserve’s preferred #inflation measurement rose, leading to broader concerns that the progress on the fight against inflation has stalled or might signal that another wave of price pressures could happen. https://t.co/aw1JcCYqVQ
WATCH: US prices moderated in February, with the cost of services outside housing and energy slowing significantly, keeping a June interest rate cut from the Federal Reserve on the table https://t.co/ecO54coxPD https://t.co/DEWYeU6p7n
CPI, PPI and PCE, all key inflation indicators, are on the rise, meaning every inflation metric we have is trending higher. Put simply, thanks to #Bidenomics, everyday goods continue to rise, and your paychecks are falling behind. It’s the sad consequence of Democrats’ tax and…
A key measure of US inflation showed that prices rose less than expected in February. The personal consumption expenditures price index rose 0.3% last month, slightly lower than what economists polled by @Reuters had predicted https://t.co/fIOiFgm2ZV https://t.co/cPS8aP7ZwW
A measure of inflation that is closely tracked by the Federal Reserve slipped last month in a sign that price pressures continue to ease: https://t.co/BM9l5jYIEO
Of the 6 main inflation measures used by the Federal Reserve, HALF (CPI, PCE, and PPI inflation) are all back on the rise. 2 (core CPI & core PPI) have stagnated, and only one (core PCE) is ever-so-slightly decreasing. The war on inflation is backsliding. https://t.co/QLH9i9U22E
WATCH: The core consumer price index in Tokyo, an early indicator of nationwide figures, slowed to 2.4% on the year in March. A broader index that excludes volatile food and fuel prices also fell, with signs that price rises are cooling off https://t.co/m5blmHey54 https://t.co/8GPz87ye0Z
US prices moderated in February, with the cost of services outside housing and energy slowing significantly, keeping a June interest rate cut from the Federal Reserve on the table https://t.co/fIOiFgm2ZV https://t.co/EYmAuQX0eb
February's inflation numbers showed a direct tie between Bidenomics and the high cost of living with housing and gasoline contributing to more than 60% of year-over-year inflation. Sky-high interest rates and President Biden's war on domestic energy are crushing Wyoming.