We know what’s coming and we are prepared.
Sticky Supercore
When it comes to inflation, we know that the Bureau of Economic Analysis releases two inflation reports, the CPI and PCE, each month. The two differ because they each measure a distinct basket of goods (you can read about the technicals of each here).
These further break down into core (which omits volatile energy and food pricing) and headline inflation, which includes it. So we have headline CPI, core CPI, headline PCE, and core PCE. There are pros and cons to each, but the Fed states its inflation goal in terms of core inflation - specifically core PCE.
There are three (major) components to core PCE: core goods, housing, and core services ex-housing.
The last of which, core services ex-housing (also known as "Supercore" ), comprises 55% of the core PCE inflation index and, in the words of Powell himself, "may be the most important category for understanding the future evolution of core inflation. Because wages make up the largest cost in delivering these services, the labor market holds the key to understanding inflation in this category."
While today's core CPI may have come in as expected, core services ex housing rose for the fifth consecutive month. You cannot think seriously about rate cuts, which would likely rekindle economic activity and spur additional inflation, without consideration for Powell's metric of choice.
Alcohol = legal ✅
Cigarettes = legal ✅
Processed food = legal ✅
Sugar = legal ✅
Vaccines = legal ✅
Child body mutilation = legal ✅
Raw milk = ILLEGAL ❌
Isaac Kappy insisted that Tom Hanks was a child predator......
Once his eyes were opened to the evil inherent in Hollywood, he refused to stay silent....
He swiftly paid the price as he was found dead close to Route 66 due to an "apparent suicide."
👺Tom Hanks would then proceed to post a cryptic social media about roadkill on Route 66.....😡👹
Reminder ... we were told on the dark side Hollywood ....
🎙During a livestream, Isaac Kappy claimed he got a panicked call from Jim Carrey.
He addressed Hollywood figures involved in alleged rituals, adrenochrome use, and cannibalism, saying, “If you ate kids you’re gonna die, but I can help you save your soul.”
💥💥 A BOMBSHELL DOCUMENTARY JUST RELEASED DESCRIBES THE LEFT’S SYSTEMIC GROOMING CAMPAIGN AGAINST CHILDREN IN WOKE SCHOOLS USING LGBT INDOCTRINATION MATERIAL....
“Groomed: How Schools Sexualise Your Children,” produced by Reclaim The Media, exposes how the politically ideological left-wing are embedding critical gender and race theory into school curricula across the U.S. ....😡😡😡
https://t.me/hiddeninplainsight1/21840
Trump admin plans to DESTROY $10M in Biden-bought birth control & abortifacients meant for Africa. No taxpayer-funded population control!
