XPost: alt.politics.trump, talk.politics.misc   
   From: recscuba_google@huntzinger.com   
      
   On 2/19/26 06:57, -hh wrote:   
   > On 2/18/26 16:22, Chris Ahlstrom wrote:   
   >> ...   
   >> But Sheeter thinks "the economy" is just prices. It's also job   
   >> numbers, salaries, consumer confidence, debt, industry investments, etc.   
   >   
   > Yup.  Psychology is a big chunk of consumer behavior, which is why   
   > confidence is tracked.  The Fed's favored indicator for inflation is the   
   > PPI, which is scheduled to be released tomorrow (Friday) morning.   
      
      
   Correction:  PCE index (and GDP was released today too)   
      
      
      
   "Fourth-quarter U.S. GDP up just 1.4%, badly missing estimate; inflation   
   firms at 3%   
      
   * Gross domestic produce rose at an annualized rate of just 1.4%,   
   according to the Commerce Department, well below the Dow Jones estimate   
   for a 2.5% gain.   
      
   * The department estimated that the government shutdown, which ran   
   through the first half of the quarter, probably took about 1 percentage   
   point off economic growth.   
      
   * At the same time, inflation held firm in December, according to a   
   gauge most closely watched by Fed officials that increased 3% from a   
   year ago."   
      
      
      
      
   TL;DR:   
   economy weaker, core PCE inflation up YoY, from 2.7% to 3%.   
      
   Markets have opened lower, with the DJIA off by -200 points in the first   
   ~10 minutes.   
      
   -hh   
      
   --- SoupGate-DOS v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)