average family is about $2500 pour this year compared with last year. that is because of the inflation. when people s paychecks do not keep up with inflation they get poorer, they cannot afford more and by the way the same number was positive 6000 versus negative 2000 2500. when he does siesta look in the camera and asked the american people are you better off today than you were four years ago? for most americans they answer that question right now is no. jon: there are the numbers but overall goods prices since 2021 up almost 19% and real wages down to an half percent. steven moore it s good to have you on, talk to you soon. thank you. jon: will back with more fox report right after this. at kubota orange days. it s the year s biggest selection of kubota tractors,
(Bloomberg) Monthly data on US consumer prices due Tuesday is set to show more disinflation in services following recent declines in goods prices, which will bolster the case for Federal Reserve interest-rate cuts, according to Bloomberg Economics.Most Read from BloombergS&P 500 Rally Hits a Wall in Run-Up to CPI Report: Markets WrapTrump Asks Supreme Court to Keep DC Election Trial on HoldPentagon Chief Austin in Critical Care for Bladder IssueTrump Says There’s ‘No Way’ Taylor Swift Can End
hours later in the us. what is it going to show us today? we are it going to show us today? - are expecting a modest rebound in inflation december, up zero x 2% after two consecutive months of flat readings in the us and that will be enough to put that headline inflation number up to 3.3% from 3 .1% in november. the good news for the markets and for the fed is that the core measure inflation can take out food and energy we expect that to be up only zero x 2% as well and that will be enough to bring that core measure of inflation down to probably something like 3.8% from 4%. still not at the fed target of 2% but moving in that direction. the number is going to be a pretty mixed bag overall. we think we will continue to see downward pressure on things like goods prices, raw commodity prices and of course energy and
A key inflation measure used by the US Federal Reserve to set interest rates eased further last month amid declining energy and goods prices, according to government data published Thursday.Energy prices fell by 2.6 percent from a month earlier, while goods prices declined by a more modest 0.3 percent.