The consumer price index posted a seasonally adjusted 0.4% increase for the month, double the prior month, putting the annual inflation rate at 2.9%. Economists surveyed by Dow Jones had been looking for respective readings of 0.3% and 2.9%. . . . .
Here are the biggest offenders
The “Hypotherical 12-month Forward” rate is
the annual rate if the current monthly rate were annualized for12 months.
It is not an often-used measure
but it is what I used when I was trying to make the Fed and/or Joe Biden look bad so it is only fair if I use it now.
Thank You Joe Biden! It’s a lot easier to cause inflation than it is to stop it. Quick question, when Biden sky rocketed inflation, you said nothing.
Jobs picture is soft (bad)
but . .. . don’t go too far out on a limb with weekly jobless claims during a 4-day week at the beginning of the school year.
(Downplay it for now. If you are right you can still be right next week.)
Thank You Joe Biden! It’s a lot easier to cause inflation than it is to stop it. Quick question, when Biden sky rocketed inflation, you said nothing.
I have always been an inflation Hawk, and I have always blamed (primarily) the Fed.
I am more conservative than Donald Trump
and would not have voted for him if the Dems had not arrested him 4 times in 4 states, weaponized the judicial system etc.
I firmly believe the long-term direction of interest rates needs to be higher for longer, and am not convinced the short-term problems we face now are valid reason for a short-term exception.