Inflation
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CPI Inflation Rate Hits Scorching 7.5%; Dow Jones Slides On Fed Rate-Hike Views
The consumer price index came in hotter than expected in January, as both the CPI inflation rate and the core rate, excluding food and energy, hit new 39-year highs. Dow Jones industrial average and Nasdaq losses deepened in Thursday afternoon stock market action as Wall Street priced in additional Fed rate hikes. Meanwhile, the 10-year Treasury yield crested 2% for the first time since August 2019 and kept on rising.
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Snowballing. In order to pay sales staff, technicians, and movers enough to maintain their equivalent income while also accounting for higher overhead for store supplies and higher energy costs, I have to raise my margins which will raise the prices further, and that’s before I get my price increases from the manufacturers…
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@lufins-dad and the fact that energy (fuel) prices are rising will only increase prices for everything that's dependent upon transportation.
Which is...everything.
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@lufins-dad said in Inflation:
Then we address spending.
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A more cynical solution would be to go to war…
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