US Senator’s Inflation Report Says ‘Its Only Going to Get Worse,’ Truflation ...
America’s media, central bankers, and bureaucrats continue to debate the rising inflation in the U.S. that has raised the cost of living and increased the prices of goods and services nationwide. Senator Rand Paul, R-Ky., believes the inflation is “only going to get worse” and he published a report on the issue and blamed excessive coronavirus relief spending by Congress. Furthermore, a new decentralized method of measuring inflation has been introduced called Truflation, a tool that provides a “daily, unbiased, data-driven, real-market inflation rate.”....
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Truflation’s newly revamped dashboard provides data on 12 key cost categories to more accurately measure inflation rates as compared to many government consumer price indicators Truflation, a decentralized, blockchain-based inflation index initiative, has announced the release of a new and redesigned UI for its dashboard, complete with a new set of features, functions, and capabilities. This new “Dashboard 2.0” revises the six standard expenditure categories used by many official government consumer price indexes (CPIs) and adds six new categories as well, bringing the total number of cost....
While the conflict in Ukraine is a hot topic, fears of rising inflation continue to haunt Americans residing in the country, as economists and analysts note U.S. inflation will likely remain high. Inflation is likely going to be worse than initially feared this year, Goldman Sachs explained in a report published on Sunday. Moreover, in terms of inflation coupled with the Ukraine invasion, an economics professor at American International College (AIC) stressed there’s “a perfect storm brewing.”
Goldman Sachs: ‘Strong Jobs Market and Rising Inflation Could....
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.
August CPI inflation data was worse than expectated and the markets repriced in response. Bitcoin falls more than 10% and the S&P 500 closes down 4.3%.
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....