Consumer prices continue to hover near a record-high, keeping pressure on the Fed
Inflation continued to run near a multi-decade high in October as persistent prices squeezed millions of U.S. households and small businesses.
The Labor Department said Thursday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 0.4% in October from the previous month. Prices climbed 7.7% on an annual basis.
Source: Fox Business
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I listened to Biden yesterday and he said he isn’t changing anything.
Better buckle down at your house and save your pennies. Inflation could get a whole lot worse before it gets better.
We need to look out for ourselves. The people who voted for this mess aren’t looking out for anyone.
Those who embraced the concept of Self-reliance which leads to the capacity for self-government will do just fine no matter how bad the social resitributors of human life force screw it up. Those of the religion of “Deus ex Government” will find they have become the children of the much lessor god, and walking environMENTAL hazards on the verge of extinction.
IF it even DOES get better any year soon…
Evidently Democrat voters love crushing inflation. They voted for it yesterday.
AND uber high levels of crime… Guess misery DOES love company!
7.7 % inflation this year on top of the 8.5% they fgave us last year comes out to about 15%. Just whose salaries were raised that much as their 401K’s dropped off a cliff?