Hail Zorp! The Fed Waited Too Long (Again) To Fight Inflation, Now Banks and Consumers Are Getting Hammered (Mortgage-backed Securities Got Clobbered Once Fed Started Raising Rates)

by confoundedinterest17 Former Fed Chair (and current Treasury Secretary) Janet Yellen protected President Obama by raising The Fed’s target rate only once while Obama was in office. Then raised rates 8 times after Donald Trump was elected in November 2016. …

READ MORE

Inflation Alert! The Fed’s Preferred inflation metric dropped a little. However, PCE Price Index for services rose 5.7%. Remember, Nearly 2/3 of consumer spending goes into services! While Corporate Media will trumpet the decline in goods prices, inflation is RAGING and showing no signs of slowing.

by Dismal-Jellyfish Before we get into the number, Governor Philip N. Jefferson’s recent speech does a pretty good job level setting PCE price index for those wondering what it is: Different Ways to Measure InflationThe two primary measures of the price level in the …

READ MORE

Joe Biden’s “Inflation Reduction Act to cost US $1.2 trillion, Goldman Sachs says. Three times more than what supporters initially claimed”

Biden's clean-energy law to cost 3x more than what supporters claimed https://t.co/YLu9AflZ5s — FOX Business (@FoxBusiness) March 25, 2023 President Biden’s clean-energy law will cost roughly $1.2 trillion, a figure three times more than what supporters initially claimed. The Inflation …

READ MORE

Rate hikes to curtail inflation as everything collapses in real-time. Monetary policy is now too tight and that is the underlying catalyst for the banking crisis.

by BoatSurfer600 S&P has broken the downtrend. It'll be interesting to see what happens with VIX now. Wells Fargo not looking very healthy. pic.twitter.com/KyCuo4BYmd — Financelot (@FinanceLancelot) March 20, 2023 If M2 growth was the reason for inflation, should M2 …

READ MORE

Bank Failures 2001-2023 (Inflation Adjusted)

Live version allows you to hover over the nodes to see the names of the banks which are too small to have labels. Colour represents the year. Online Editor (Inflation Adjusted) Sources: https://www.fdic.gov/ https://www.rateinflation.com/consumer-price-index/usa-historical-cpi/ h/t  dbacciPBI

Inflation Isn’t Going Away.

via reason: Though Tuesday’s consumer price index report was in line with expectations, the Department of Labor’s data seemed once again to dash any hopes for a quick resolution to the inflation crisis that has strained Americans’ wallets for the …

READ MORE