Joeflation is back: Fed Rate Hikes Are Back in the Conversation After Hot Inflation Report

DigitalDrifter

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Feb 22, 2013
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It's never left, but it's getting worse again.


A higher-than-expected January inflation reading has pushed out Wall Street’s collective forecast for interest-rate decreases in 2024. Markets now don’t expect a cut until June, and a resumption of Federal Reserve rate increases could even be in play.

Stocks were selling off on Tuesday, with the S&P 500 down 1.2% and the Dow Jones Industrial Average off 455.18 points, or 1.2%. Bond yields jumped—the two-year U.S. Treasury note yield hit 4.61%, up by 0.11 percentage point to its highest level in about two months.


 
Just in time for the election... SHRINKFLATION must be it... LMAO
I bought 60 silver dollars and they arrived today.
30 Morgan silver dollars mostly of the 1890s.
30 Peace silver dollars mostly of the 1920s.

Back when the brown turd Obammy was in office, silver was around 12 dollars an once. Today it is over 22 dollars an ounce. The ounce of silver never changed but the dollar lost 50 percent of its buying power.
 
And in addition, don't look now, but............................................

Are gas prices rising? Yes, they are. Here's why​



Gas prices are rising in New Jersey and across the country - higher than in January. And the trend is expected to rise from here, according to AAA.

The current average for a gallon of gas in New Jersey is $3.13, up 8 cents from a month ago. It's below the national average, though: $3.20, according to AAA.


 
Anytime the government floods the country with money, inflation will go up.
Anytime the government floods the country with third world third grade educated Asylum seekers, the middle class will suffer.
 
Limiting immigration is inflationary. Middle class actually benefit from increased low skill labor force.
Bullshit, when people like the illegals come in, they either get FREE SHIT from Uncle Sugar, or work for pennies on the dollar, thus driving prices up, while keeping wages low. Only a fucking idiot would say illegal immigration helps the country. Or a Joe Biden voter...

Bidenet.png
 
Bullshit, when people like the illegals come in, they either get FREE SHIT from Uncle Sugar, or work for pennies on the dollar, thus driving prices up, while keeping wages low. Only a fucking idiot would say illegal immigration helps the country. Or a Joe Biden voter...

View attachment 902912
If they work for pennies on the dollar, how exactly does that drive prices up? wouldn’t that keep costs, and thus prices low?
 
If they work for pennies on the dollar, how exactly does that drive prices up? wouldn’t that keep costs, and thus prices low?
I guess you ignored the part of getting FREE SHIT from the government. I lived in Maryland and saw across the street a house that had 3 families in it, yeah, they werent making as much as the union guy next to them but with 6 of the people working at 20 dollars a day, and then the kids get free school, healthcare and welfare it did add up.

And of course they needed to buy food, gasoline and healthcare so yeah, those prices went up, inflationary.
 
Limiting immigration is inflationary. Middle class actually benefit from increased low skill labor force.
We have had historic runs of immigration since xiden took office and skyrocketing inflation
 
I guess you ignored the part of getting FREE SHIT from the government. I lived in Maryland and saw across the street a house that had 3 families in it, yeah, they werent making as much as the union guy next to them but with 6 of the people working at 20 dollars a day, and then the kids get free school, healthcare and welfare it did add up.

And of course they needed to buy food, gasoline and healthcare so yeah, those prices went up, inflationary.
Three families living in a house isn’t inflationary. Six people working jobs for cheap living in one house in the opposite of inflationary.

If you were able to deport everyone, what do you think will happen to the price of meat when the packing plants don’t have any workers? What do you think will happen to the cost of new construction?

We’d have labor shortages and labor shortages are extremely inflationary.
 

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