The US economy us approaching recession as inflation soars and expected growth declines.
Food and energy prices are soaring, hitting middle class and low-wage households like a hammer. While the headline inflation rate is 8.3% YoY, food is up 63% under Biden and gasoline is up 92%.
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See also Wasting Away Again In Bidenville! Core Inflation Rate UP 244% Under Biden, Food UP 46%, Gasoline Prices UP 60%, Rental Growth UP 268% As Biden/McCarthy Negotiate
The 10-year Treasury note yield is down today, which bodes well for 30-year mortgage rates.
See also Janet Yellen in letter to congress says Treasury is set to run out of money on June 5th... Wasn't it just June 1st a day ago? These clowns are just playing everyone
The Dow, S&P 500 and NASDAQ are all down over -1% today.
Baby please don’t go! Down the economic drain.