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psychothumbs@lemmy.world to Finance@beehaw.orgEnglish · 2 years ago

The Best News Yet About Inflation

nymag.com

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  • cross-posted to:
  • worldnews@lemmy.ml
  • news@beehaw.org
  • economics@lemmy.ml
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The Best News Yet About Inflation

nymag.com

psychothumbs@lemmy.world to Finance@beehaw.orgEnglish · 2 years ago
message-square
7
link
fedilink
  • cross-posted to:
  • worldnews@lemmy.ml
  • news@beehaw.org
  • economics@lemmy.ml
It’s the best month for the economy since March 2021. How long can the good times keep going?
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  • literallyacat@beehaw.org
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    2 years ago

    So it’s just regular ol’ price gouging going on at this point? Got it.

    • TheWoozy@lemmy.fmhy.ml
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      2 years ago

      Producer prices stopped rising a while ago, and consumer prices are beginning to follow. This is routine & predictable. Was there some price gouging? Of course. That’s routine & predictable too.

    • psychothumbs@lemmy.worldOP
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      2 years ago

      How so? Prices have mostly now stopped increasing or started going down.

  • shortwavesurfer@monero.town
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    2 years ago

    A recession is not good times

    • TheWoozy@lemmy.fmhy.ml
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      2 years ago

      Water is wet.

      Are you saying we are in a recession, predicting one, or just stating a trueism?

      • shortwavesurfer@monero.town
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        2 years ago

        If we arent in one we soon will be. After all, cooling the economy is what rate hikes does. Some businesses close which puts people out of work so they cut back on spending and the cycle continues. https://www.forbes.com/advisor/investing/are-we-in-a-recession/

        • Inky@lemmy.ca
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          2 years ago

          The economy can cool without there being a recession. Decrease GDP growth, reduce job vacancies, etc.

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