Highest inflation since...

[B-Man]

 

 

 

SLOW LEARNERS: 

 

“That raise meant nothing”: Inflation’s “unexpected” reality dawns at WaPo.

 

https://hotair.com/ed-morrissey/2022/01/24/that-raise-meant-nothing-inflations-unexpected-reality-dawns-at-wapo-n443597

 

 

 

[Chef Jim]

16 hours ago, B-Man said:

 

 

 

SLOW LEARNERS: 

 

“That raise meant nothing”: Inflation’s “unexpected” reality dawns at WaPo.

 

https://hotair.com/ed-morrissey/2022/01/24/that-raise-meant-nothing-inflations-unexpected-reality-dawns-at-wapo-n443597

 

 

 

 

Kind of like when they were all excited about the 5.9% COLA for SS recipients but were very silent on the fact it's wiped out for many with the Medicare premium increase.  Gotta love our government.  

[B-Man]

 

 

Bad news...........

 

Inflation is High, Will Remain Elevated for Years.

 

The Federal Reserve (Fed) is officially committed to a 2 percent average inflation target, as explained in its Statement on Longer-Run Goals and Monetary Policy Strategy. But supply constraints and a surge in nominal spending have pushed prices well above target. In December, the price level was 3 percentage points higher than it would have been had prices merely grown at 2 percent since January 2020.

 

The Fed reaffirmed its commitment to a 2 percent average inflation target on January 25, 2022. But, so far, it has done little more than say it would tighten monetary policy in the coming months.

 

Following last week’s Federal Open Market Committee (FOMC) meeting, the Fed announced it would leave its federal funds rate target and the interest rate it pays on reserve balances unchanged. It will reduce its monthly asset purchases, but the size of the Fed’s balance sheet will continue to grow for now. None of this really amounts to tighter monetary policy, and yet the Fed seems to have convinced markets that it is serious about bringing down inflation.

 

Inflation isn’t that tough to tame if it is nipped in the bud. But the longer the Fed and Congress put off making the necessary changes to interest rates and spending, the more painful the correction will be.

 

https://www.aier.org/article/inflation-is-high-will-remain-elevated-for-years/

 

 

 

[Doc]

Awesome.

[Albwan]

On 2/1/2022 at 3:52 PM, B-Man said:

 

 

Bad news...........

 

Inflation is High, Will Remain Elevated for Years.

 

The Federal Reserve (Fed) is officially committed to a 2 percent average inflation target, as explained in its Statement on Longer-Run Goals and Monetary Policy Strategy. But supply constraints and a surge in nominal spending have pushed prices well above target. In December, the price level was 3 percentage points higher than it would have been had prices merely grown at 2 percent since January 2020.

 

The Fed reaffirmed its commitment to a 2 percent average inflation target on January 25, 2022. But, so far, it has done little more than say it would tighten monetary policy in the coming months.

 

Following last week’s Federal Open Market Committee (FOMC) meeting, the Fed announced it would leave its federal funds rate target and the interest rate it pays on reserve balances unchanged. It will reduce its monthly asset purchases, but the size of the Fed’s balance sheet will continue to grow for now. None of this really amounts to tighter monetary policy, and yet the Fed seems to have convinced markets that it is serious about bringing down inflation.

 

Inflation isn’t that tough to tame if it is nipped in the bud. But the longer the Fed and Congress put off making the necessary changes to interest rates and spending, the more painful the correction will be.

 

https://www.aier.org/article/inflation-is-high-will-remain-elevated-for-years/

 

 

 

Lefties still in their happy safe space double masked up and being tightly controlled and hugged by their beloved government,

and best of all..... Trump is gone!!!

 

Everything is wonderful !!

[Doc]

47 minutes ago, Albwan said:

Lefties still in their happy safe space double masked up and being tightly controlled and hugged by their beloved government,

and best of all..... Trump is gone!!!

 

Everything is wonderful !!

 

For them, he'll never be gone.  

[Big Blitz]

Woooooooo hoooooo!

 

 

 

 

The consumer price index is forecast to increase 0.4% in January, according to economists polled by The Wall Street Journal. The yearly increase is expected to rise to 7.2% from 7% and remain at a 40-year high. The core CPI, which excludes food and energy, is also seen climbing 0.4% in January. The 12-month rate is predicted to advance to 5.9%. The report will be released at 8:30 a.m. Eastern by the Bureau of Labor Statistics.

 

https://on.mktw.net/3BaFOmn

 

[B-Man]

 

 

Inflation hits another 40-year high as consumer prices surge to 7.5%

by Thomas Barrabi

 

https://nypost.com/2022/02/10/inflation-hits-four-decade-high-consumer-prices-surge-to-7-5/

 

 

[Tiberius]

10 minutes ago, B-Man said:

 

 

Inflation hits another 40-year high as consumer prices surge to 7.5%

by Thomas Barrabi

 

https://nypost.com/2022/02/10/inflation-hits-four-decade-high-consumer-prices-surge-to-7-5/

 

 

Not since Reagan's first term was it so high 

[Chef Jim]

12 minutes ago, Tiberius said:

Not since Reagan's first term was it so high 

And then what happened?? 

[TSOL]

They need to do another $1200 stimulus. 

 

That outta straighten this mess out 

[Doc]

2 hours ago, Chef Jim said:

And then what happened?? 

 

Return of the Jedi came out?  About as relevant...

[BillsFanNC]

 

[TSOL]

He was the last real president we've  had.

[B-Man]

 

 

 

 

 

 

[BillStime]

Yep - Brandon’s fault

 

 

[reddogblitz]

16 hours ago, Tiberius said:

Not since Reagan's first term was it so high 

 

Right after Carter's only term?

[ALF]

Covid really screwed up the supply chain , caused massive early retirements and labor shortage. The buck does stop with Biden and Congress who will pay big in midterms.

[Westside]

5 minutes ago, ALF said:

Covid really screwed up the supply chain , caused massive early retirements and labor shortage. The buck does stop with Biden and Congress who will pay big in midterms.

As they should. Unless the polling machines mysteriously are shut off again. 

[Chef Jim]

2 hours ago, ALF said:

Covid really screwed up the supply chain , caused massive early retirements and labor shortage. The buck does stop with Biden and Congress who will pay big in midterms.

Just as Covid sank Trump.