Ask anyone buying groceries.... The Labor Department said Tuesday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 0.4% in February from the previous month. Prices climbed 6% on an annual … [Read more...] about Inflation has slowed…But is still High…..
Federal Reserve/The Fed
Breaking….Feds WILL fund Silicon Bank money
I told ya so…… President Biden who has been here before is NOT going to sit by while some lawmakers talk about leaving thousands of people to NOT get paid because the 16th largest bank ran out of money…. This is a act to stop possible OTHER bank runs… This is breaking … [Read more...] about Breaking….Feds WILL fund Silicon Bank money
American job growth slows for another month…..
The narraitive in the media maybe evertythings ok..... But it isn't.... There has been less hiring in the last few months.... Everyday we have a story on thosands being laid of from large companies.... And? There are still signs in store windows looking for … [Read more...] about American job growth slows for another month…..
Wall Street ain’t Happy with the more Fed interest rate increases….
Fed Chair Jerome Powell & Co. are working on inflation.... That's all good.... But? America IS also doing a Recession ALSO.... And a Recession ain't happy time either.... “The Fed and the stock market are fighting. They’re in a brawl right now,” said … [Read more...] about Wall Street ain’t Happy with the more Fed interest rate increases….
The next Fed interest rate increase should be smaller….
The view is a 4.25 to 4.5 percent hike.... Mortagage and other big ticket items borrowing rates will increase, but probably by a bit lower margin this time... Inflation IS still here even if gas prices have dropped.... And a Recession is also here along with mass job … [Read more...] about The next Fed interest rate increase should be smaller….
U.S. adds 263,000 jobs in November….
No matter what the media editors want to sell? The November numnber IS 20,000 LESS than October..... In addtion? Check the front pages of the newspapers and on line..... Everyweek we have a tech or other big compnay laying off THOSANDS of employyee's..... Maybe I'm … [Read more...] about U.S. adds 263,000 jobs in November….
The Fed’s effort to tamp down Inflation is NOT working…But it is screwing the world’s economies…
Inflation keeps rising because consumer prices KEEP rising.... Business's haven't stopped charging people MORE.... The Fed's interst raises are just beating up home sales... And? Causing other countries economic problems also.... The pandemic and other factors are … [Read more...] about The Fed’s effort to tamp down Inflation is NOT working…But it is screwing the world’s economies…
The Ferd raises interest rates by .75 points…..
The Federal Resreve is trying to drive down inflation.... They ain't doing a good job.... The prblem IS consumer prices.... Not home mortgages or car loans..... Or even gas prices.... And? A Recession IS also brewing on top of this..... The Federal Reserve … [Read more...] about The Ferd raises interest rates by .75 points…..