marvin martian
Diamond Member
This is good. The rubes who voted for this idiot need to feel the consequences of electing a man under the complete control of Chinese and Russian communists.
www.washingtonexaminer.com
Consumer prices increased 5.3% in the year ending in July, according to a report released on Tuesday by the Department of Labor.
The numbers from the consumer price index came in line with forecast expectations and raise concerns that inflation is coming in too hot as the country continues its recovery from the COVID-19 pandemic.
The August report on inflation was highly anticipated because it comes after a jobs report that was far worse than expected. The economy added just 235,000 new jobs last month , far fewer than the 750,000 that were expected. Despite the meager gains, the overall unemployment rate dropped slightly from 5.4% to 5.2%.
Bankrate's chief financial analyst Greg McBride said that the inflation numbers were underscored by "easing price pressures" in some of the industries that saw the hottest inflation just months ago, which he said speaks to the potentially transitory nature of the increases.
"The debate over whether inflation will be short-lived or more sustained has not been resolved. The jury will remain out for many more months, particularly with persistent supply chain constraints," McBride said.
Inflation has been higher in recent months than the Federal Reserve and many economists anticipated earlier this year. The consumer price index registered its highest year-over-year gains since 2008 in June and July when it clocked in at a whopping 5.4%.
Annual inflation at 5.3% in August amid overheating fears - Washington Examiner
Consumer prices increased 5.3% in the year ending in July, according to a report released on Tuesday by the Department of Labor.The numbers from the consumer price index came in line with forecast expectations and raise concerns that inflation is coming in too hot as the country continues its...
www.washingtonexaminer.com
Consumer prices increased 5.3% in the year ending in July, according to a report released on Tuesday by the Department of Labor.
The numbers from the consumer price index came in line with forecast expectations and raise concerns that inflation is coming in too hot as the country continues its recovery from the COVID-19 pandemic.
The August report on inflation was highly anticipated because it comes after a jobs report that was far worse than expected. The economy added just 235,000 new jobs last month , far fewer than the 750,000 that were expected. Despite the meager gains, the overall unemployment rate dropped slightly from 5.4% to 5.2%.
Bankrate's chief financial analyst Greg McBride said that the inflation numbers were underscored by "easing price pressures" in some of the industries that saw the hottest inflation just months ago, which he said speaks to the potentially transitory nature of the increases.
"The debate over whether inflation will be short-lived or more sustained has not been resolved. The jury will remain out for many more months, particularly with persistent supply chain constraints," McBride said.
Inflation has been higher in recent months than the Federal Reserve and many economists anticipated earlier this year. The consumer price index registered its highest year-over-year gains since 2008 in June and July when it clocked in at a whopping 5.4%.
