🇺🇸 Inflation Index has fallen sharply from 2.04% to 1.67%! What’s behind the drop? 👇 ⛽ Transportation (-0.41pp) • Transportation costs fell as oil prices stabilized, post–July 4 travel demand eased, and public transit fares stayed flat or declined. 🏠 Housing (-0.44pp) • Mortgage demand remains low, keeping home price growth in check. 👕 Clothing (-1.38 pp) • Overstock and discounts persist, with stable global cotton prices easing upstream cost pressure. 🚿 Household Durables (-1.08 pp) • Deep discounts, soft demand. Furniture and electronics are piling up as high APRs and student loan payments hit consumer spending. Our PCE Index also fell from 2.51% to 2.20%. The numbers are sending a clear warning signal: demand is weakening and prices are falling. Interest rate cuts are no longer a choice. They're a necessity. Our Premium Subscribers received these projections YESTERDAY, along with much more detail. Be Premium. Unlock the full power of @truflation.
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