Fed does about face on inflation
-
The anecdotal evidence is that very significant inflation has struck our every day lives, far above the attention it is receiving in the mainstream.
I don’t understand what is going on but I have to believe people are getting very concerned. It will be the end of the Biden era if it materializes.
-
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
Hello! It looks like you're interested in this conversation, but you don't have an account yet.
Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.
With your input, this post could be even better 💗
Register Login