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All Posts Term: Labor Department
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Inflation in the USA: What's Cooking in 2024?

Hey there, fellow money-watchers! Let’s chat about everyone’s favorite topic: inflation. You know, that sneaky thing that matches prices and makes your wallet suck. Take charge of yourself, as we plunge into a dangerous world of rising debt and bankruptcy.

Inflation

The Scoop

So what's the deal on inflation in 2024? Well, according to the latest crime from the US. According to the Labor Department (they call it a "report," but let's keep it spicy), annual inflation struts its stuff at 3.2% for the 12 months ending in February. Not too simple, right? But wait, there’s more! The next update is due on April 10th, and we’re all on the edge of our beanbag seats waiting to see if inflation has got any more surprises up its sleeve.

Blast from the Past

Let's rewind the VHS tape and check out the highlights from the past decade. Picture this: inflation rates doing the cha-cha from 2014 to 2024. Here's the rundown:

1. 2023: A whopping 6.4% inflation rate. Yeah, it was like inflation had a double espresso and decided to party.
2. 2022: Hold onto your avocado toast—8.0% inflation! People were side-eyeing their grocery bills like, "What's the deal, organic kale?"
3. 2021: Pandemic recovery mode, and inflation was like, "Hey, I'm back!" Clocking in at 4.7%, it was the inflation equivalent of a surprise guest at your birthday party.

Crystal Ball Predictions

What do the experts say? Well, the Federal Reserve (those money wizards) expects core PCE inflation to chill out from 3.2% in 2023 to a breezy 2.4% in 2024. They're sipping chamomile tea and hoping for the best. Meanwhile, the private sector folks are nodding along, predicting inflation to dip below 2.5%. It's like a financial game of limbo—how low can you go? If inflation looks tame and rates are dropped this summer good things could be in store in the real estate market and the stock market.

Navigating the Inflation Jungle

Policymakers are tiptoeing through this jungle of rising prices. Imagine them in khaki shorts, binoculars in hand, whispering, "Watch out for the CPI vines!" The challenge? Balancing economic growth with taming inflation. If things get wild, the Fed might pull out the recession card to keep inflation in check. It's like playing Jenga with the economy—careful moves, folks.

Stocks extend September rally after Jobs Report

Stocks extend September rally after Jobs Report

As a result of positive economic news, the overall stock market ended its only winning week in an entire month.

The Dow Jones average rose 128 points on Friday, which marked its fourth day in a row of gains. This strong beginning to September indicates a turnaround from the bleak performance in August.

The latest happy news on the economy was reported with an improvement in employment on Friday. Following this and signs of a gaining in manufacturing in China and the US, stocks also rose earlier in the week.

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