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Ben - [C/x]
@benersing
Interesting since inflation is <3%. What I think most people mean is ‘prices’ - and those are notoriously sticky.
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Amol
@0xamol
That's YoY. Remember post 2020 i'd say prices are on avg 25-30% higher on most things. And many would argue prices for services, insurance, rents in certain areas, food at restaurants are up 40-50% since 2020. This has been noted/questioned at Fed meetings and numerous Fed chairs
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Diego
@d1ego
Sentiment matters a lot. Current metrics do not fully capture the “real economy”, especially the impact of interest rates. This might explain why: https://www.forbes.com/sites/theapothecary/2024/03/23/summers-inflation-reached-18-in-2022-using-the-governments-previous-formula/?sh=87e56cf20929
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Leo
@lsn
Just because PCE is 3% doesn’t mean prices are actually 3%, given how much got removed from that measure!! I think people Are thinking about price Rises though & past 12m have been full of rises. Will take a few months for people to clock that prices aren’t rising so much any more ofc the price level also matters
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Skinnybertt
@skinnybertt
Crazy when consumers must point that sticky poop covered finger back at themselves too… higher wages mean somethings gotta give. I did a quick breakdown on the cost of avocado on toast and yeah them shits shouldn’t be $20.
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Gen Z
@admin-gen-z
Lemon = Interesting! Chảnh!
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Drake 🎩
@taliskye
Very accurate. And the fact wages have only really grown is certain regions and sectors. Got relatives in a small city, none - HS educated or college educated saw a wage increase. Medical field, nothing. Big city corpo crony big ole raise. Middling city service profession, big ole raise. 100 $degen
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firdza⚡️🎭🍄
@firdza
🎭🎭🎭 Remarkable! Your content is truly outstanding. 🎭
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