Biden's inflation stoked to 30-year high
- Thread starter Qcity
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SayMyName
Well-known member
Recession: Is the US heading into an 'ugly' downturn?
With stocks tanking and grocery bills high, many Americans feel like the economy is in a recession.
www.bbc.com
U
username123
Guest
The goal of Democrats from Day 1!
U
username123
Guest
Yes but retirement accounts are way down. To the Slappys of the world, that means that things evened out
BGFalcons82
Well-known member
You’d have to be brain damaged to vote for more of this destruction in November.
U
username123
Guest
Look at who posts here. Brain damage is mandatory for liberal voters
The beat goes on ............
Inflation in August was stronger than expected despite the Federal Reserve’s efforts to bring down prices, according to data Friday that the central bank follows closely.
The personal consumption expenditures price index excluding food and energy rose 0.6% for the month after being flat in July. That was faster than the 0.5% Dow Jones estimate and another indication that inflation is broadening.
On a year-over-year basis, core PCE increased 4.9%, more than the 4.7% estimate and up from 4.7% the previous month.
Including gas and energy, headline PCE increased 0.3% in August, compared with a decline of 0.1% in July. It rose even with a sharp decline in gas prices that took the cost at the pump well below the nominal record above $5 a gallon earlier in the summer.
www.cnbc.com
The mauling of the middle class and seniors rolls on. This regime needs to be sent out to pasture.
Inflation in August was stronger than expected despite the Federal Reserve’s efforts to bring down prices, according to data Friday that the central bank follows closely.
The personal consumption expenditures price index excluding food and energy rose 0.6% for the month after being flat in July. That was faster than the 0.5% Dow Jones estimate and another indication that inflation is broadening.
On a year-over-year basis, core PCE increased 4.9%, more than the 4.7% estimate and up from 4.7% the previous month.
Including gas and energy, headline PCE increased 0.3% in August, compared with a decline of 0.1% in July. It rose even with a sharp decline in gas prices that took the cost at the pump well below the nominal record above $5 a gallon earlier in the summer.
Fed's preferred gauge shows inflation accelerated even more than expected in August
The personal consumption expenditures price index excluding food and energy rose 0.6% for the month after being flat in July.
www.cnbc.com
The mauling of the middle class and seniors rolls on. This regime needs to be sent out to pasture.
BGFalcons82
Well-known member
FJB and all those that support the economic destruction we are living in.The beat goes on ............
Inflation in August was stronger than expected despite the Federal Reserve’s efforts to bring down prices, according to data Friday that the central bank follows closely.
The personal consumption expenditures price index excluding food and energy rose 0.6% for the month after being flat in July. That was faster than the 0.5% Dow Jones estimate and another indication that inflation is broadening.
On a year-over-year basis, core PCE increased 4.9%, more than the 4.7% estimate and up from 4.7% the previous month.
Including gas and energy, headline PCE increased 0.3% in August, compared with a decline of 0.1% in July. It rose even with a sharp decline in gas prices that took the cost at the pump well below the nominal record above $5 a gallon earlier in the summer.
Fed's preferred gauge shows inflation accelerated even more than expected in August
The personal consumption expenditures price index excluding food and energy rose 0.6% for the month after being flat in July.
The mauling of the middle class and seniors rolls on. This regime needs to be sent out to pasture.
Guillotine
Well-known member
But...the mean tweeter is gone so it was worth it!
I will never forgive these people for what they've done.
In less than 2 years they have destroyed everything. Literally hard to believe. We may be looking at full-blown depression.
EagleFan
Fan of Eagle
a win for Biden!
ProV1
Well-known member
Thanks goodness. We are so much better off.
Why I ask do we have to be a follower of other nations? Even when we can't seem to get as high a inflation rate as them. Would it not be smart of us to show the world how to recover quickly or not allow inflation to happen? Be the leader of the world like I am told we are not some can't do as good as others. Maybe soon we will be able to show the world what a real depression looks like.
Yet following the rest of the leftists down the path of suicidal destruction because of the regime currently in charge.
Harrycrane
Well-known member
Do all the other country’s dealing with inflation and other economic issue blame only the Presidentor or current policies for it . Or is Biden the only one who is responsible for “ creating “. This bad economy ? Is this is mainly just a issue in our country ?
Harrycrane
Well-known member
Everyone ? Don’t think so actually . Know any oil and gas executives among others
OldSoulon
Well-known member
If their President or Prime Minister is as obviously stupid as Biden, then they should
BGFalcons82
Well-known member
The sad part is an 8.7% COLA still isn't enough for seniors living on fixed incomes. We haven't seen these increases since Carter nearly destroyed America... and now we have FJB trying his damdest to out-do Mr. Peanut Farmer.
www.foxbusiness.com
Social Security recipients to see biggest COLA increase since 1981
The Social Security Administration on Thursday announced the cost-of-living adjustment for Social Security benefits, with recipients receiving a record increase.
www.foxbusiness.com