June 12, 20241 yr Quote Stock futures jumped after the report, while Treasury yields fell. Futures markets on Wednesday priced in a roughly 70% chance of at least two rate cuts by year’s end, according to CME Group, up from 52% Tuesday. Wednesday’s inflation report, which came hours before a Fed meeting is set to conclude, was better than many investors’ expectations. Americans in May paid less for transportation than the previous month, while price hikes for medical care services also tapered. Prices at the pump fell despite summer driving season kicking into high gear. The cost of apparel and dairy products declined in May as some major retailers began cutting prices for thousands of products. Walmart executives said last month that grocery rollbacks were up 45% from a year earlier, while Target unveiled new or coming discounts for items ranging from peanut butter to paper towels. 0% inflation month-over-month some products reduced in price, gas in particular
June 12, 20241 yr "But what has Biden actually done?" Here's what Biden has accomplished: 1. Inflation Reduction Act is generating $1.7T in US investment 2. CHIPS Act has created more than 84,000 jobs so far 3. Infrastructure Investment and Jobs Act has already started more than 40,000 projects 4. 201 federal judges who will protect our rights and freedom 5. Bipartisan gun reform and first Office of Gun Violence Prevention 6. Forgave $150B in student debt for 4M+ borrowers 7. Collecting $500B from millionaire tax cheats 8. Unemployment below 4% for longest stretch in 50 years 9. Added 700,000 construction jobs 10. Record level of new small businesses created 11. Largest ever investment in fighting climate change to cut pollution 50% by 2030 12. Issued ruling to cut future methane emissions by 80% 13. Preserved more than 24 million acres of land for conservation 14. Renewable energy surpassed coal for the first time ever 15. Capped prescription drug prices for seniors and insulin at $35 16. Expanded veterans healthcare through the PACT Act 17. Expanded overtime for employees making under $55k 18. Signed the Respect for Marriage Act 19. Approved over the counter birth control for the first time 20. Reformed the Electoral Count Act to prevent another Jan 6th 21. Pardoned thousands of people convicted of marijuana possession 22. Required cash refunds for cancelled flights 23. Connected 10 million households to WiFi 24. Funded 14,000 mental health professionals in schools Four. More. Years.
June 12, 20241 yr 25. Created Direct File under the IRS to help most taxpayers eliminate the need for services like TurboTax
June 13, 20241 yr 1 hour ago, JohnSnowsHair said: "they're still very strong " POS MAGA traitors like rooting for the country to fail. It’s what losers do.
June 13, 20241 yr 1 hour ago, Tnt4philly said: POS MAGA traitors like rooting for the country to fail. It’s what losers do. While other traitors cheer for the welfare state
June 13, 20241 yr 58 minutes ago, The_Omega said: Nice RMB and Yuan are the same thing. Sensationalism is fun.
June 13, 20241 yr "As the military is facing a "once in a generation recruitment crisis," the White House said it "strongly opposes" a proposed nearly 20% pay raise for junior enlisted troops." "Hunt slammed this opposition, saying, "It's truly remarkable to me. … President Biden has approved over $100 billion in student loan forgiveness. But when it comes to our troops, America's most precious resource, he's complaining about an increase in military pay?"
June 13, 20241 yr 19 hours ago, The_Omega said: Nice The Saudis want a formal protection agreement rather than an implicit one. I think if they get that it would renew the formal petrodollar. In any case, I don’t think it changes much. Those Yen and Euros and Yuan would still be flowing back into USD.
June 14, 20241 yr 1 hour ago, Procus said: Hail to the Chief. PM of Italy is looking good. Can you imagine what his cognitive decline will look like four years from now?
June 14, 20241 yr 4 minutes ago, Blazehound said: Can you imagine what his cognitive decline will look like four years from now?
June 14, 20241 yr 15 hours ago, The_Omega said: Macron again trying to help Biden not look completely lost. And leave it to the Italian lady to wrangle the idiot back into semi-consciousness....only for Biden to put on the stupid sunglasses for the photo op.
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