r/technology • u/geoxol • Jan 13 '23 • Bravo! 1 Helpful (Pro) 1

Apple CEO Tim Cook to take more than 40% pay cut Business

https://apnews.com/article/technology-apple-inc-tim-cook-business-d056553b10120c4a968b562cb7ece5d2
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u/qlz19 Jan 14 '23

Says who? It’s still getting worse, isn’t it?

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u/pdoherty972 Jan 14 '23

No it isn’t getting worse. Inflation month-over-month numbers have been at target rates the last five months in a row.

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u/qlz19 Jan 15 '23

Who’s target rates? “Target rates” means nothing.

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u/pdoherty972 Jan 15 '23 edited Jan 27 '23

The Fed’s target for inflation is around 2%.

The last six month’s MoM numbers are 0.0%, 0.1%, 0.4%, 0.4%, 0.1%, and -0.1%. Those annualize to well below 2%, meaning inflation has already been tamed. The rest is just waiting for the other 6 months numbers from before the Fed raised interest rates to fall off of the 12 month number.

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u/3CCExpand Jan 15 '23

No, it means something. When you don't know a thing, that's not the same as a thing having no meaning.