US Gasoline And Food Prices Soar To All-time Highs As Fed Begins Removing Monetary Stimulus (10-year US Treasury Yield Jumps 8.7 BPS)

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by confoundedinterest17

US gasoline prices just rose to an all-time high. Yes, even higher than the Dubya-era gasoline price surge of 2008.

Rising gasoline and diesel prices are helping drive up food prices to the highest level in history.

The proxy war the US is fighting in with Russia in Ukraine is helping drive up food prices. But at the core is Biden’s anti-fossil fuel drilling executive orders starting when Statist Joe (and The Fish) became President.

As The Fed begins unwinding their massive balance sheet, the 10-year US Treasury yield jumped 8.7 basis points.

See also  Another Biden Record: Gas Prices New Record $4.62 per Gallon on Tuesday – At Least 17th Day This Month of All-Time Record High Gas Prices

 

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