by laflammaster
https://ycharts.com/indicators/2_year_treasury_rate
https://ycharts.com/indicators/1_year_treasury_rate
People are worried that to bring down #inflation the #Fed will raise interest rates too much and bring down the #economy too. What they should be worried about is that rate hikes will not be enough to bring down inflation, but that they will be enough to bring down the economy!
— Peter Schiff (@PeterSchiff) June 12, 2022
Meanwhile, lower income Americans are being squeezed by inflation.
May CPI accelerated to +8.6% Y/Y – the highest reading in 41 years.
Check out the ballooning prices within that report
Fuel Oil: +106%
Gasoline: +49%
Food at home: +12%
Electricity: +12%
Shelter: +5% pic.twitter.com/J1Yty4r7af— Hedgeye (@Hedgeye) June 13, 2022
https://twitter.com/MFHoz/status/1536421803517681665
#recession … #GFC2 #Commodities edition
Now putting even 2008 to shame! https://t.co/wzHFejuSAp
— Invariant Perspective (@InvariantPersp1) June 14, 2022
Got a news tip or correction? Let us know
If you got something out of this, please chip in to keep this site running, or subscribe to go ad-free.
6 views