Inflation hits 8.3% in August — worse than expected

TheReaper

Diamond Member
Sep 13, 2022
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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.

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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.

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

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