Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September.
Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September.
Which of course does absolutely jack shit for the price increases that have already occurred. Low inflation is not deflation.
Take that further and you get the joke that was that AP article:
.1% less inflation still is 2.9% inflation on top of what we still have. Year over year. Good news right?!
This person gets it.
I look forward to population decline in some countries. Deflation will happen then.
It’s already occurring. Japan is imploding and it has been a forward indicator for our economy since about the 90s.