Thread by @peter03102

02DEC23P

Inflation was 0% last month – and our economy grew by more than 5% last quarter.

Bidenomics.

POTUS/status/1730949376904688046




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https://twitter.com/POTUS/status/1730949376904688046

peter03102.com/TFiles/#02DEC2…

/N

Tweet is referring to the PCE index, % change from the preceding month. Inflation is normally assessed annually (12 months) however, & the Fed’s PCE goal is 2%. It is currently 3%

A more commonly referenced inflation index is CPI



- twitter.com/i/birdwatch/n/…

/N1

Bureau of Economic Analysis

Personal Income and Outlays, October 2023


- bea.gov/news/2023/pers…

/N2

Too much inflation suggests that an economy is facing serious troubles—but negative inflation, otherwise known as deflation, is an even bigger problem.

How To Calculate Inflation: PCE & CPI


-forbes.com/advisor/invest…

/N3

Bureau of Economic Analysis

Personal Consumption Expenditures Price Index


- bea.gov/data/personal-…

/N4

Why does the Federal Reserve aim for inflation of 2 percent over the longer run?


-federalreserve.gov/faqs/economy_1…

/N5

Consumer Price Index


- bls.gov/cpi/

/8

inflation was 3.2% last month

BillyM2k/status/1731018532845162527

It was higher than 3.2%.

WallStreetSilv/status/1731059252129632260

the way we calculate inflation has been changed multiple times.

instiinct_defi/status/1731077423507148921

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/9

Democrats are stupid enough to believe this. 24,000 people liked this post and left comments agreeing with it.

stillgray/status/1731164473229271344

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