Fed does about face on inflation
-
The Consumer Price Index tomorrow is expected to show at least a 3.5% increase vs April of last year. Granted, there was some stagnation in April 2020 due to pandemic panic causing some pricing suppression, but 3.5 is a big number. If I was day trading, I would hedge my bets...
-
The Consumer Price Index tomorrow is expected to show at least a 3.5% increase vs April of last year. Granted, there was some stagnation in April 2020 due to pandemic panic causing some pricing suppression, but 3.5 is a big number. If I was day trading, I would hedge my bets...
@lufins-dad said in Fed does about face on inflation:
The Consumer Price Index tomorrow is expected to show at least a 3.5% increase vs April of last year. Granted, there was some stagnation in April 2020 due to pandemic panic causing some pricing suppression, but 3.5 is a big number. If I was day trading, I would hedge my bets...
4.3. Ouch. Market’s down....
-
https://www.washingtonpost.com/business/2021/06/05/yellen-3-percent-inflation/
“Treasury Secretary Janet Yellen on Saturday said inflation could climb as high as 3 percent this year as the economy recovers from the depths of the coronavirus recession. …”
-
It's going to be higher than 3%.
Gasoline is up. Way up.
A tractor shed that was $1200 a year ago, is now $1900 (I know, I bought it).
A five foot tractor tiller was $1700 a year ago. It's over $2000 now.
Prices in the grocery store are significantly higher than a year or so ago.
Kid's shoes are $5-$10 pair higher.
That's my unofficial consumer take on the matter...
-
It's going to be higher than 3%.
Gasoline is up. Way up.
A tractor shed that was $1200 a year ago, is now $1900 (I know, I bought it).
A five foot tractor tiller was $1700 a year ago. It's over $2000 now.
Prices in the grocery store are significantly higher than a year or so ago.
Kid's shoes are $5-$10 pair higher.
That's my unofficial consumer take on the matter...
-
I assume you didn't pay $90 or more for it back then?
-
@jolly said in Fed does about face on inflation:
I assume you didn't pay $90 or more for it back then?
$61.
But, to your point, this is, to be fair, 5 years later. But the price almost doubled in 5 years? I wonder if a real spike occurred, of if this is a gradual increase.
-
https://www.ssa.gov/oact/cola/colaseries.html
image url)Remember that mortgage in 1982?
I do.https://militarybenefits.info/cola-increase-watch/
image url) -
Speaking of data...
Link to video
