U.S. Inflation Hits 39-Year High of 7%

[DigitalDrifter]

This is bad, it's something young people have never seen.
The Biden economy is killing us!

U.S. Inflation Hits 39-Year High of 7%, Sets Stage for Fed Hike​

U.S. consumer prices soared last year by the most in nearly four decades, illustrating red-hot inflation that sets the stage for the start of Federal Reserve interest-rate hikes as soon as March.


The consumer price index climbed 7% in 2021, the largest 12-month gain since June 1982, according to Labor Department data released Wednesday. The widely followed inflation gauge rose 0.5% from November, exceeding forecasts.

Excluding the volatile food and energy components, so-called core prices accelerated from a month earlier, rising by a larger-than-forecast 0.6%. The measure jumped 5.5% from a year earlier, the biggest advance since 1991.

U.S. Inflation Hits 39-Year High of 7%, Sets Stage for Fed Hike

(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergFrequent Boosters Spur Warning on Immune ResponseCannabis Compounds Prevented Covid Infection in Laboratory StudySay Goodbye to Self-Isolating, WFH Mandates...

finance.yahoo.com

 

[Otis Mayfield]

Sounds like the fed is going to raise rates.

 

[john doe 101]

Sounds like the fed is going to raise rates.

Yet corps have record profit margins and stock market is at all time highs. No more free money? Sounds good to me. This smoke and mirrors show should have ended back in 2010. Since the 2008 fiasco, the ONLY people that have won in America are corporations and the top 5%. The other 95% of people continue to suffer. I'd love to see the Dow chopped back down to 16,000.

 

[DigitalDrifter]

Biden is the new Jimmy Carter. Interest rates will now be making a steep climb.

 

[struth]

Xiden and the demafacist...they love making people poorer

 

[Superbadbrutha]

This is bad, it's something young people have never seen.
The Biden economy is killing us!

U.S. Inflation Hits 39-Year High of 7%, Sets Stage for Fed Hike​

U.S. Inflation Hits 39-Year High of 7%, Sets Stage for Fed Hike

(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergFrequent Boosters Spur Warning on Immune ResponseCannabis Compounds Prevented Covid Infection in Laboratory StudySay Goodbye to Self-Isolating, WFH Mandates...

finance.yahoo.com

When did the rise in inflation start?

 

[struth]

When did the rise in inflation start?

that's a silly question...we've always had inflation...it's natural...what's unnatural is the massive, hyperinflation, started when the demafasist took office

 

[Superbadbrutha]

Xiden and the demafacist...they love making people poorer

If that is the case, then why is it that the American people do better when there is a Democrat president in the WH according to Pew Research.

 

[Superbadbrutha]

that's a silly question...we've always had inflation...it's natural...what's unnatural is the massive, hyperinflation, started when the demafasist took office

Ok, so show us the trend that you are speaking of.

 

[struth]

If that is the case, then why is it that the American people do better when there is a Democrat president in the WH according to Pew Research.

They aren't doing better now....and we are talking about the here and now.

The democrats of Kennedy and Clinton aren't around anymore...they wouldn't stand a chance in the current demafascist party

 

[struth]

Ok, so show us the trend that you are speaking of.

read the OP...the link...it's there

 

[Superbadbrutha]

They aren't doing better now....and we are talking about the here and now.

The democrats of Kennedy and Clinton aren't around anymore...they wouldn't stand a chance in the current demafascist party

Based on what? Your opinion.

 

[CrusaderFrank]

Sounds like the fed is going to raise rates.

Push the US economy off the cliff: Build (China) Back Better!

 

[CrusaderFrank]

Xiden and the demafacist...they love making people poorer

Biden even said as much.

The CCP is handling the US economy for Biden the same way they handled the Afghanistan Unconditional Surrender

 

[Fang]

This is bad, it's something young people have never seen.
The Biden economy is killing us!

U.S. Inflation Hits 39-Year High of 7%, Sets Stage for Fed Hike​

U.S. Inflation Hits 39-Year High of 7%, Sets Stage for Fed Hike

(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergFrequent Boosters Spur Warning on Immune ResponseCannabis Compounds Prevented Covid Infection in Laboratory StudySay Goodbye to Self-Isolating, WFH Mandates...

finance.yahoo.com

Even though thanks to Joe Xiden and Kamala inflation is sky high, gas prices are high, Americans are dying in Afghanistan, crime and murder rate is sky high, the border is wide open, COVID deaths have more than doubled THE GOOD NEWS IS we don't have to see mean (but true) tweets from Trump anymore. #anyonebuttrumpisdestroyingamercia

 

[struth]

Based on what? Your opinion.

haha no the numbers presented in the OP.

Nobody does better when inflation is at record highs

 

[Harpy Eagle]

Biden is the new Jimmy Carter. Interest rates will now be making a steep climb.

they have been kept artificially low for too long

 

[Harpy Eagle]

haha no the numbers presented in the OP.

Nobody does better when inflation is at record highs

So, our corporations are not seeing record profits?

 

[struth]

So, our corporations are not seeing record profits?

they can’t afford to buy as much because of inflation

 

[JusticeHammer]

If that is the case, then why is it that the American people do better when there is a Democrat president in the WH according to Pew Research.

I did better under Trump than any president, especially dumbass Dem presidents like the bozo Biden.