by confoundedinterest17 As Americans are painfully aware, inflation is the highest in 40 years prompting The Federal Reserve to remove the massive punch bowl. In fact, Federal Reserve Governor Christopher “Fats” Waller backed raising rates by 75 basis points this month. How hot …
by confoundedinterest17 The US Senate yesterday confirmed the reappointment of Jerome “Slowhand” Powell as Federal Reserve Chairman. The good news? Atlanta Fed’s Flexible CPI YoY cooled to 20% in April. The bad news? Flexible prices are still growing at 20% while …
by confoundedinterest17 The Federal Reserve’s two goals of price stability and maximum sustainable employment are known collectively as the “dual mandate.” Unfortunately, inflation is running away (bad) from employment gains (good). Sort of like “The Good, The Bad and The Ugly.” …
by confoundedinterest17 The flexible cut of the CPI—a weighted basket of items that change price relatively frequently—increased 19.76 percent (annualized) in February. If we added the U-3 unemployment rate, we get a MISERY Index under Biden of 23.56%, the highest in …
by confoundedinterest17 How bad is inflation in the USA? Try 18%, based on the Flexible Consumer Price Index. The Flexible Price Consumer Price Index (CPI) is calculated from a subset of goods and services included in the CPI that change price relatively …
by John Ward It cannot have escaped anyone’s attention that Theresa May always looks more at home among the Brussels neocons than she does when facing the House of Commons. Perhaps, being a parson’s daughter, she is more at home telling …