Inflation hits 8.3% in August — worse than expected

TheReaper

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Wall Street was waiting for this report they expected good news that wouls recharge stocks and have a comeback.
Instead over night they lost 300pts

You can thank your heros for it...DEMOCRATS


US inflation rose by a higher-than-expected 8.3% in August despite falling gasoline prices — adding pressure on the Federal Reserve as it decides whether to impose another super-size interest rate hike

The August reading of the Labor Department’s Consumer Price Index, a closely watched measure of the costs of goods and services, rose 0.1% compared to July — surprising economists who had expected a slight month-over-month decline.

 
The DOW was down 900 today.
Even worse.

1663104172883.webp
 
Have no doubt, Biden is DIRECTLY responsible for this inflation problem
 
Wall Street was waiting for this report they expected good news that wouls recharge stocks and have a comeback.
Instead over night they lost 300pts

You can thank your heros for it...DEMOCRATS


US inflation rose by a higher-than-expected 8.3% in August despite falling gasoline prices — adding pressure on the Federal Reserve as it decides whether to impose another super-size interest rate hike

The August reading of the Labor Department’s Consumer Price Index, a closely watched measure of the costs of goods and services, rose 0.1% compared to July — surprising economists who had expected a slight month-over-month decline.

But gas prices are coming down and inflation is now less than zero and we aren't in a recession.
 

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