According to today's news sources, US inflation rose 3.1% in January, a hotter-than-expected increase that further stokes doubts as to whether the Federal Reserve will begin cutting interest rates this spring. Last month’s Consumer Price Index, which tracks changes in the costs of everyday goods and services, came in higher than the 2.9% figure economists had expected, according to FacfSet.
Core CPI - a number that excludes volatile food and energy prices - increased 0.4% in January, to 3.9%, after rising 0.3% in December. The figure, a closely-watched gauge among policymakers for long-term trends, was also higher than what economists at FactSet expected. Dow futures were poised to drop early Tuesday as traders began to unwind bets that the Fed will begin easing rates sooner rather than later.
The latest inflation figure marks a cooldown from December’s stiffer-than-expected 3.4% gain, which dampened hopes on Wall Street that the first of three highly-anticipated interest rate cuts this year could come as soon as March.
If you want to see how bad it really was click the link. https://www.zerohedge.com/markets/cpi-prints-hotter-expected-january-food-utilities-jumped
ReplyDeletepeople should have been stocking up and stashing back consumables two years ago. remember the great toilet paper crisis a few years ago. get it while you can. it ain't gonna get any cheaper if it's available at all.
Deletegrow what you can and stock up on everything else NOW. tomorrow may be to late.
it's still nine months until the election and nothing they have planned now to upset or stop it would surprise me one bit. and they do have plans. if they can't stop Trump they will stop the election.. the plan now is to allow as many terrorist into our country as they can and then invoke martial law. watch and see.