• WatDabney@sopuli.xyz
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    4 months ago

    This is like compulsive gambler logic - 48 losses in a row followed by 1 win - “Woohoo! I’m on a winning streak now!”

    • Carrolade@lemmy.world
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      4 months ago

      That’s kind of just how trends work. Economics indicators tend to lag, as it takes time for supply chains to adjust to conditions and changes.

      Deflation is actually not a desirable thing anyway, so this isn’t actually necessarily a win. But I’ll take it anyway.

      • fukhueson@lemmy.worldOP
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        4 months ago

        True, though this is considered feeding into disinflation in the article, so it may not lead to ill effects of deflation.

        U.S. consumer prices fell for the first time in four years in June amid cheaper gasoline and moderating rents, firmly putting disinflation back on track and drawing the Federal Reserve another step closer to cutting interest rates in September.