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(CNBC)   Inflation data showing that Fed rate hikes might be doing the trick to lower prices. Or, companies grew a heart and stopped gouging consumers. We'll let you decide   (cnbc.com) divider line
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    More: Spiffy, Personal consumption expenditures price index, Dow Jones Industrial Average, Inflation, Consumer price index, Inflation rose, price increases, Monetary policy, morning's data  
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284 clicks; posted to Business » on 01 Dec 2022 at 11:23 AM (16 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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enry [TotalFark]
2022-12-01 10:32:18 AM  
6 votes:

HugeMistake: Alternate hypothesis: in the current high-employment economy companies realized that if they continue to price gouge, employees have the wage power to demand corresponding raises, so it's not going to do them any good in the long run.

Better in fact for them if they can say "look, inflation is back down!" before the next round of pay negotiations, and hold on to the gains they made in the meantime when they raised prices but not wages.


Contract renewals are right now and lots of people are asking for 8-11% increases.  Anyone expecting a 8% COLA?
 
HugeMistake [TotalFark]
2022-12-01 9:53:00 AM  
3 votes:
Alternate hypothesis: in the current high-employment economy companies realized that if they continue to price gouge, employees have the wage power to demand corresponding raises, so it's not going to do them any good in the long run.

Better in fact for them if they can say "look, inflation is back down!" before the next round of pay negotiations, and hold on to the gains they made in the meantime when they raised prices but not wages.
 
TomDooley
2022-12-01 2:32:50 PM  
3 votes:
Republicans haven't even yet taken over the house and already they've stopped inflation.
 
max_pooper
2022-12-01 11:35:54 AM  
1 vote:

DarnoKonrad: NewportBarGuy: DarnoKonrad: or supply chain issues are starting to fulfill demand.  Because for some reason, I tend to think a global problem with inflation isn't the Fed's fault or cure.

You don't think the 0% policy which was essential in driving up the price of homes by 2-300%. Housing which contributes about 20% to GDP and rental costs which weigh heavily on inflation...

It's not everything, of course we've had supply issues for years. But the Fed rate policy and cash deployments have absolutely played a major role.

Housing is excluded from core inflation, which is what this article is addressing.  Not poor housing policy -- which predates the recent spike in consumer prices.   It's a wholly separate issue.

And I doubt what the fed is doing now is going to address home prices at all.  That has to do with policy, and taxation.  Real estate should depreciate in value, not go up in price.  But you have a whole of people with excess money using real estate in the same way they use the stock market.


My house probably costs $5,000 to build 70+ years ago. Do you think it's value is less than $5,000? The county tax assessor certainly doesn't think so, neither did the appraiser I hired when I bought it.
 
Copperbelly watersnake
2022-12-01 11:36:50 AM  
1 vote:
I'm going with companies realized the high prices might cause people to cut back on holiday spending.
 
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