No layoffs, dollar is strong, Banks are in good shape and GDP is positive too

[csrcsr]

12 hours ago, veerigadu said:

https://www.realtor.com/realestateandhomes-detail/5320-Northwater-Way_Johns-Creek_GA_30097_M51336-19197

lender closing costs discounts tharvtha oka 100K minimum thagginatteee eedikiii...Ilantiii kompalu....Look at the quality of interior construction. Its a beauty!!!!

bayya a area lo untara manolu ??? aa fence kuda ledu desis are there beatiful house kani night back yard terichi chudali ante uchha 

[veerigadu]

7 hours ago, csrcsr said:

bayya a area lo untara manolu ??? aa fence kuda ledu desis are there beatiful house kani night back yard terichi chudali ante uchha 

Alpharetta, cumming and to some extent Johnscreek mottham oka 30 % above mana desi galleee

[dasari4kntr]

The Fed’s Favorite Inflation Gauge Ticked Higher Again

By 

Megan CassellaFollow

Updated Oct. 28, 2022 8:48 am ET / Original Oct. 28, 2022 1:00 am ET

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September data on core personal consumption expenditures will offer little comfort to the Federal Reserve.

Graeme Sloan/Bloomberg

The Federal Reserve’s preferred inflation gauge climbed at a 5.1% annual pace in September, marking an acceleration in core prices as the cost of everyday items from food to medical care continues to rise.

The core personal consumption expenditures price index increased 0.5% in September from a month earlier, the Commerce Department reported Friday, a slight deceleration in the monthly pace from August’s 0.6% rate. Economists had expected core prices to rise at a 0.5% monthly pace in September and accelerate to a 5.2% annual pace.

(This is a developing story. Please check back soon for more detail and analysis. Below is a look at what economists were expecting before the data were released.)_

The Federal Reserve’s preferred inflation metric likely accelerated in September for the second straight month as price pressures on everyday items from food to medical care show little sign of easing.

Economists expect that the core personal consumption expenditures price index climbed 0.5% in September, consensus expectations show, reaching a 5.2% annual pace. That would mark a slight slowdown from the 0.6% monthly pace reached in August, but an acceleration in the annual pace, which previously stood at 4.9%. 

A core PCE inflation number that comes in at or around the 5.2% consensus level will be “just still uncomfortably high,” says Michael Gapen, head of U.S. economics with BofA Global Research. 

And it will do little to waive the Federal Reserve off its aggressive monetary policy tightening path even after it has raised interest rates by three percentage points so far this year.

“The message will still be: Underlying pressures are firm,” Gapen says. “They don’t appear to be easing all that rapidly, and the Fed has work to do in order to bring inflation down.”

While the Fed looks at a broad range of economic data to inform its policy, it has long favored the PCE deflator as its primary means of tracking inflation. It is weighted differently from measures such as the closely watched consumer price index, and places less importance than the CPI on housing and rent costs, for example. 

Other aspects of September’s PCE report, which the Commerce Department will release Friday morning, will provide insights into how much U.S. households are continuing to spend even as prices rise. Data will also show whether consumers are continuing to save money or are dipping into savings to cover their rising costs.

READ MORE

Everyday Life: Spending More, Saving Less, and Tapping the Rainy Day Fund

Americans Don’t Feel Good About the Economy. Their Top 2 Worries.

7 Reasons Why Prices Could Stay High

Commentary: The Fed’s Controlled Burn Could Easily Get Out of Hand

Most economists expect that consumer spending increased in September: Consensus expectations show economists forecast a 0.4% increase in spending for the month, matching August’s pace. While continued strength in spending so far has been a benefit to the economy by propelling gross domestic product growth, households drew from their accumulated savings or racked up credit card debt to pay for it. Continued spending also has pushed the central bank to keep raising interest rates in an attempt to cool the economy down.

Together, the strength in spending and drop in savings have heightened some economists’ concerns that any looming downturn or recession could be more painful than initially thought because households no longer have as much of a financial cushion to help them weather a storm.

“The consumer, at the moment, is like when Wile E. Coyote runs off the cliff and hasn’t looked down yet, and doesn’t realize there’s nothing underneath,” says Tim Quinlan, senior economist with Wells Fargo. “In general, it has all held up better than I would have expected, and continues to—and it’s emblematic of a consumer that’s on borrowed time.”

Write to Megan Cassella at [email protected]

AUTOS

Tesla Stock Price Targets March Lower as Bearish Options Activity Moves Higher

By 

Al RootFollow

Oct. 25, 2022 11:29 am ET

This is quite a week for Tesla and CEO Elon Musk. More drama is coming. 

For Tesla (ticker: TSLA), Wall Street analysts keep adjusting stock target prices lower following earnings. They are worried about demand. 

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[Tomb__ayya]

On 10/27/2022 at 6:25 PM, veerigadu said:

Only problem is inflation due to increased money supply by Fed over the years... Thank you raaa Powell mother board...Mottham ne vallee....

Some over priced stocks and real estate will need a quick fix. 

I think at least for now it is safe to assume that we are in a correction rather than a recession? Its better to pull out money from over priced stocks.