Consumers Are In The Eye Of The Inflation Hurricane
While many talking heads would like you to believe that inflation is slowing down, the current policies only serve to make the problems significantly worse.The below is a direct excerpt of Marty's Bent Issue #1261: “CPI Shocks the Markets.” Sign up for the newsletter here. The August 2022 consumer price index (CPI) print was released on Sept. 13, 2022, and it came in at 8.3% year-over-year growth, and shocking all of the talking heads who were certain that inflation was due to slow down as all of the demand destruction the Federal Reserve has been attempting to manufacture would begin to....
Related News
JPMorgan CEO Jamie Dimon has warned that an economic “hurricane” is coming. “You better brace yourself,” he advised. “We just don’t know if it’s a minor one or Superstorm Sandy.” Jamie Dimon on the U.S. Economy and QT The CEO of JPMorgan & Chase, Jamie Dimon, warned about an incoming economic hurricane Wednesday at a financial conference sponsored by Alliancebernstein Holdings. “It’s a hurricane,” Dimon exclaimed. While noting that “Right now it’s kind of sunny, things are doing fine, everyone thinks....
The Puerto Rico Blockchain Trade Association is seeking the Bitcoin community’s help as the island recovers from Hurricane Fiona.
A partnership between Sweet and the American Red Cross will leverage the power of non-fungible tokens (NFTs) to raise funds for Hurricane “Ian” victims. Two weeks ago, this natural disaster wrock havoc across the state of Florida and the Caribbean. Ian is one of the worst Hurricanes ever to hit the state. Related Reading: In […]
The Federal Reserve Bank of New York published the Survey of Consumer Expectations report on Monday, which shows U.S. consumers are expecting short-term inflation levels to be higher than usual. Meanwhile, the report also shows American consumers’ expectations of long-term inflation have reached the highest level since 2013. New York Fed’s Survey of Consumer Expectations Report Shows Dismal Findings While the 2,702-page, trillion-dollar infrastructure proposal is being debated, the U.S. central bank’s latest charts show Americans are very concerned about inflation. On....
Americans are still very concerned about inflation as the latest Survey of Consumer Expectations (SCE) report from August indicates that U.S. consumers expect inflation to be 5.2% a year from now. The SCE response data hasn’t been this high since 2013, and it’s increased since the month prior, when U.S. residents expected 4.9% at the time. Month After Month, Consumer Inflation Expectations Continue to Climb Higher The cost of services and goods in the United States has risen a great deal and Americans have been worried about rising inflation. Citizens have good reason to....