Inflation is so high that Americans are cutting back on food spending, per WSJ.
— unusual_whales (@unusual_whales) July 31, 2022
The nonprofit food bank is spending 40% more to purchase the same amount of supplies as last year, in which they served 85 million meals
If CPI prints at 0% every single month between now and December (!), we will still finish 2022 with 6.3% YoY inflation.
And you talk about pivots… pic.twitter.com/SUc6wt7My4
— Alf (@MacroAlf) July 31, 2022
You’re seeing the rising prices at the store.
The GDP has declined two quarters in a row.
But the Biden administration still refuses to admit we have a problem.
— Sen. Marsha Blackburn (@MarshaBlackburn) July 30, 2022
— Investing.com (@Investingcom) July 31, 2022
US 5-year inflation expectations bounced during this week
The FED is not doing enough to slay inflation pic.twitter.com/DUo2VxJgdi
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) July 31, 2022