Pres Biden dreams of being next FDR but his policies are leading 2 economic record closer to Pres Carter; 2days inflation report shows prices are surging while employment remains weak Time 2pump the brakes on Democrat “fiscal insanity” Stagflation of 70s/80s is just around corner
Good morning. @FT on the upward migration in yields on US government #bonds as this market segment gradually prices in persistent #inflation and its likely impact on policy rates. Other market segments are less advanced in reflecting the change in the economic & policy paradigms. pic.twitter.com/liuZYpR5S4
Changing narrative over past year: Market isn't pricing in inflation. Market is pricing inflation, but there isn't any. There's inflation but it's non-core. It's just used cars & flights. It's temporal while the economy reopens. Supply shocks. Supply chain. Inflation is healthy.
Joe Biden’s economy is making you pay more for everything. “Consumer prices increased slightly more than expected in September at a time when inflation fears are growing.” www.cnbc.com/2021/10/13/the-consumer-price-index-rose-5point4percent-year-over-year-in-september-vs-5point3percent-estimate.html
What is the CPI for September 2021?
PressOffice@bls.gov CONSUMER PRICE INDEX – SEPTEMBER 2021 The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in September on a seasonally adjusted basis after rising 0.3 percent in August, the U.S. Bureau of Labor Statistics reported today. bls.govConsumer Price Index Summary