Uh, folks, wage growth – as in actual tracked wages not that BLS garbage – is in freefall:
"growth in after-tax wages and salaries, based on BofA deposit data, slowed to just 2% YoY on a 3MMA basis, down from the peak of 8% in April 2022, the lowest since June 2020." pic.twitter.com/6YX0MAyJuL— zerohedge (@zerohedge) April 12, 2023
Headline CPI breakdown (via BBG ECAN). Energy YoY turns negative pic.twitter.com/BJyfwcE0YL
— zerohedge (@zerohedge) April 12, 2023
CPI 0.1% MoM, Exp. 0.2%
CPI 5.0% YoY, Exp. 5.1%CPI Core 0.4% MoM, Exp. 0.4%
CPI Core 5.6% YoY, Exp. 5.6%— zerohedge (@zerohedge) April 12, 2023
Futs, TSYs, Gold, Crypto soar
— zerohedge (@zerohedge) April 12, 2023
JUST IN – US annual inflation falls from 6% to 5% in March.
— Disclose.tv (@disclosetv) April 12, 2023
*BUFFETT SAYS FED CHAIR POWELL HAS BEEN 'TERRIFIC'
true: raising the peasants' credit card rates and bailing out the rich
— zerohedge (@zerohedge) April 12, 2023
It’s all perspective. For those of us who aren’t Buffet it’s aweful but for him he’s doing grrrrrreat! pic.twitter.com/NWrXg6h9ha
— El Gran Cabron (@SamuraiElf) April 12, 2023
U.S. CPI year-over-year:
– March 5.0%
– February 6.0%
– January 6.4%
– Dec 2022 6.5%
– Nov 2022 7.1%
– Sept 2022 8.2%Lowest level in 2 years but above FED’s 2% (unrealistic)…
— Genevieve Roch-Decter, CFA (@GRDecter) April 12, 2023
*FED'S BARKIN SAYS HE IS SEEING SIGNS THAT DEMAND IS COOLING
— zerohedge (@zerohedge) April 12, 2023
h/t DOORBERT