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Johnny2X2X (15,708 posts)Inflation eases to 6.0% CPI in FebruaryMonth over month falls to 0.4%.https://www.bls.gov/news.release/cpi.nr0.htmThese hit the marks that were expected. I think a 25 basis point interest rate hike is now much more likely than a 50 point one.https://www.democraticunderground.com/100217725388
Johnny2X2X (15,708 posts)Inflation eases to 6.0% CPI in FebruaryMonth over month falls to 0.4%.https://www.bls.gov/news.release/cpi.nr0.htmThese hit the marks that were expected. I think a 25 basis point interest rate hike is now much more likely than a 50 point one.
Hey DUm'Rat; In 2017, the average rate of inflation for the whole year was 2.13%In 2018, the average rate of inflation for the whole year was 2.44%In 2019, the average rate of inflation for the whole year was 1.81%; andIn 2020, the average rate of inflation for the whole year was 1.23%. By contrast,In 2021, the average rate of inflation under #JoeTheFraud's fecal touch was 4.70%Care to e'splain why a 6% inflation rate is a good thing in this glorious #JoePedo economy???