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wickedsdesires -> RE: STAGNANT Wages, Rising Inflation - What a disaster! (7/20/2025 6:17:57 AM)
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MJ I just read that. Annual inflation rose to 2.7% in June, up from 2.4% in May, according to the Consumer Price Index (CPI), which tracks the prices of a basket of goods and services each month. Core CPI, which leaves out energy and food prices, ticked up slightly to 2.9%, compared with 2.8% in May. A slowing labor market, which is curbing wage growth, is also contributing to keeping services inflation in check. The overall core CPI inflation increased 2.9% in the 12 months through June after rising by 2.8% for three straight months. "If the recent tariffs threatened for August 1 go into effect, it will take a few months for that additional boost to inflation to be felt in goods prices and will keep the Fed on the sideline unless the labor market takes a sudden turn for the worse," said Ryan Sweet, chief U.S. economist at Oxford Economics. Boscox don't you and slobbering Trumpers usually blame Biden. I inherited the Biden economy is the usual excuse when things look more shitty than the lying orange criminal fuck promised but when things look up, which they don't and lying doesn't count, he takes credit.
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