Consumer Spending, Inflation Rise More Than Expected in June; Employment Cost Index Rises More Than Expected in Q2

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Consumer Spending, Inflation Rise More Than Expected in June; Employment Cost Index Rises More Than Expected in Q2

Seekingalpha2022-07-29

June Personal Income and Outlays: +0.6% M/M vs. +0.5% expected and +0.6% prior (revised from +0.5%).Personal spending: +1.1% M/M vs. +0.9% expected and +0.3% prior (revised from +0.2%).PCE Price Index...

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PearlynCSY
·2022-08-01
Are we in a recession? It doesn’t matter, Fed official says: ‘I’m focused on the inflation data’Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, told CBS’ “Face the Nation” that inflation poses a larger threat than a potential recession.“We’re going to do everything we can to avoid a recession, but we are committed to bringing inflation down, and we are going to do what we need to do,” Kashkari said. Last month, U.S. inflation jumped to a four-decade record high, rising 9.1% from a year ago. On Thursday, new Labor Department data showed signs of a job market cooldown, with initial jobless claims hitting their highest level since mid-November. Still, Kashkari said, the labor market is “very, very strong.”The Bureau of Economic Analysis reported on Thursday that the
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Alice156
·2022-07-31
Like
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leemoney
·2022-07-30
K
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Popo123
·2022-07-29
Okay
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Popo123
·2022-07-29
Thanks for the info
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Remotecam
·2022-07-29
Data to support more rate hike by Feds this September, 20-21. 75bs to 100bs likely. Market have from August to September to set a big bull trap before correction just before the FOMC meeting. Stay cautious.
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Long for long time
·2022-07-29
Good for the market
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Justriann
·2022-07-29
👌
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It doesn’t matter, Fed official says: ‘I’m focused on the inflation data’Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, told CBS’ “Face the Nation” that inflation poses a larger threat than a potential recession.“We’re going to do everything we can to avoid a recession, but we are committed to bringing inflation down, and we are going to do what we need to do,” Kashkari said.&nbsp;Last month, U.S. inflation jumped to a four-decade record high, rising 9.1% from a year ago. On Thursday, new Labor Department data showed signs of a job market cooldown, with initial jobless claims hitting their highest level since mid-November. Still, Kashkari said, the labor market is “very, very strong.”The Bureau of Economic Analysis reported on Thursday that the","listText":"Are we in a recession? It doesn’t matter, Fed official says: ‘I’m focused on the inflation data’Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, told CBS’ “Face the Nation” that inflation poses a larger threat than a potential recession.“We’re going to do everything we can to avoid a recession, but we are committed to bringing inflation down, and we are going to do what we need to do,” Kashkari said.&nbsp;Last month, U.S. inflation jumped to a four-decade record high, rising 9.1% from a year ago. On Thursday, new Labor Department data showed signs of a job market cooldown, with initial jobless claims hitting their highest level since mid-November. Still, Kashkari said, the labor market is “very, very strong.”The Bureau of Economic Analysis reported on Thursday that the","text":"Are we in a recession? It doesn’t matter, Fed official says: ‘I’m focused on the inflation data’Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, told CBS’ “Face the Nation” that inflation poses a larger threat than a potential recession.“We’re going to do everything we can to avoid a recession, but we are committed to bringing inflation down, and we are going to do what we need to do,” Kashkari said. Last month, U.S. inflation jumped to a four-decade record high, rising 9.1% from a year ago. On Thursday, new Labor Department data showed signs of a job market cooldown, with initial jobless claims hitting their highest level since mid-November. Still, Kashkari said, the labor market is “very, very strong.”The Bureau of Economic Analysis reported on Thursday that the","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9908057413","repostId":2255955484,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9901508646,"gmtCreate":1659230144285,"gmtModify":1676536273785,"author":{"id":"3568349626879479","authorId":"3568349626879479","name":"Alice156","avatar":"https://static.tigerbbs.com/60ff94c21a2d26f4682ac8ed41af2e37","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3568349626879479","authorIdStr":"3568349626879479"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9901508646","repostId":2255955484,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9901920831,"gmtCreate":1659129556423,"gmtModify":1676536260123,"author":{"id":"3573369274290933","authorId":"3573369274290933","name":"leemoney","avatar":"https://static.tigerbbs.com/f6a1151f25a904ba29b93dd84a40bb5a","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3573369274290933","authorIdStr":"3573369274290933"},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9901920831","repostId":2255955484,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9901064738,"gmtCreate":1659100166524,"gmtModify":1676536257455,"author":{"id":"4102506918623310","authorId":"4102506918623310","name":"Popo123","avatar":"https://static.tigerbbs.com/486873c14795c94fa86e194c8bec2cd7","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4102506918623310","authorIdStr":"4102506918623310"},"htmlText":"Okay&nbsp;","listText":"Okay&nbsp;","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9901064738","repostId":2255955484,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9901065155,"gmtCreate":1659099807578,"gmtModify":1676536257423,"author":{"id":"4102506918623310","authorId":"4102506918623310","name":"Popo123","avatar":"https://static.tigerbbs.com/486873c14795c94fa86e194c8bec2cd7","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4102506918623310","authorIdStr":"4102506918623310"},"htmlText":"Thanks for the info&nbsp;","listText":"Thanks for the info&nbsp;","text":"Thanks for the info","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9901065155","repostId":2255955484,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9901062904,"gmtCreate":1659099624408,"gmtModify":1676536257391,"author":{"id":"4093854476996450","authorId":"4093854476996450","name":"Remotecam","avatar":"https://community-static.tradeup.com/news/f856a0a30bd0fa23a086fc678014e48b","vip":1,"crmLevel":6,"crmLevelSwitch":1,"idStr":"4093854476996450","authorIdStr":"4093854476996450"},"htmlText":"Data to support more rate hike by Feds this September,&nbsp;20-21.&nbsp; 75bs to 100bs&nbsp;likely.&nbsp;Market have from August to September to set a big bull trap before correction just before the FOMC meeting.&nbsp; Stay cautious.&nbsp;","listText":"Data to support more rate hike by Feds this September,&nbsp;20-21.&nbsp; 75bs to 100bs&nbsp;likely.&nbsp;Market have from August to September to set a big bull trap before correction just before the FOMC meeting.&nbsp; Stay cautious.&nbsp;","text":"Data to support more rate hike by Feds this September, 20-21. 75bs to 100bs likely. Market have from August to September to set a big bull trap before correction just before the FOMC meeting. Stay cautious.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9901062904","repostId":2255955484,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9901069608,"gmtCreate":1659098514704,"gmtModify":1676536257288,"author":{"id":"3577190621560000","authorId":"3577190621560000","name":"Long for long time","avatar":"https://static.tigerbbs.com/dbd3c2d2c42ed033955617d50df978c2","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3577190621560000","authorIdStr":"3577190621560000"},"htmlText":"Good for the market","listText":"Good for the market","text":"Good for the market","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9901069608","repostId":2255955484,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9901060980,"gmtCreate":1659098238540,"gmtModify":1676536257259,"author":{"id":"4104983711234290","authorId":"4104983711234290","name":"Justriann","avatar":"https://community-static.tradeup.com/news/44368b81d21acda19a57e47494a4fbaf","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4104983711234290","authorIdStr":"4104983711234290"},"htmlText":"👌","listText":"👌","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9901060980","repostId":2255955484,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":134,"commentSize":8,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}