Kiplinger
Stocks opened sharply lower Tuesday after the latest inflation data came in hotter than anticipated – all but guaranteeing the Fed will not cut interest rates at its March meeting.
Ahead of the opening bell, the Bureau of Labor Statistics said the Consumer Price Index (CPI) was up 0.3% month-over-month in January and 3.1% year-over-year. Both figures were higher than the 0.2% and 2.9% respective increases economists were expecting. More
I knew they wouldn’t lower interest rates as suggested. The FED says whatever at this point!🙄
One tenth of one percent off a projection… and that causes a problem. Just imagine if they posted the real numbers?
Wall Street isn’t the economy much as they like to pretend. It’s Monte Carlo for the bankers. They get to be the house and the players.
Hey, at least I’m finally earning some interest on my savings.
*What’s left of my savings.
Well shucks, my pitiful investment portfolio hasn’t recovered from it’s watermark high of November 2021 and I was making 20% a year for the previous 4 years…..Something happened on January 20th 2021….What could it be? HMMMMM….Was a democrat President elected named Biden?…..
Everything averaged out cost 18% more since dumdum took residency. It was 8% with Trump for all 4 years.
willysgoatgruff, cash it out and plow it all into AI stocks. I can’t think of a single thing that could go wrong. /s
The most important number, and the one no one ever pays attention to is this……….$34 trillion, the national debt. That’s $240,000 per taxpayer (which is probably the best reason NOT to pay taxes).
@Rich: I actually think everyone should pay some taxes – even those below the “poverty line.” And I think they should have to write a check for some of the taxes instead of relying on automatic deductions. Making people have actual skin in the game makes them realize the freebies actually cost something.
Mean while, a relative hightailed it out of California with a pocket full of cash and headed to Florida 2 years ago. Both just turned 50 yo. They were going to flip houses, and they haven’t found one where they can make a fast $50,000 cash. Interest rates have crimped their cockeyed dream. They’ve been living in a trailer with 2 dogs. Bad timing all the way around. Actions have consequences.
I sure hope the Tulip market picks back up.
^^^^
What’s prettier than roses on a piano? Tulips on an organ.