Tell these Americans that the economy is humming, that median wage growth has nudged ahead of the core inflation rate, and that everything’s grand, and you’re likely to see a roll of the eyes.
Tell these Americans that the economy is humming, that median wage growth has nudged ahead of the core inflation rate, and that everything’s grand, and you’re likely to see a roll of the eyes.
Interest rates were raised to kick people in the teeth, the Federal reserve says that it needs to keep kicking people in the teeth for a few more months.
Economists are saying that people are not being kicked in the teeth.
Logicians everywhere are banging their heads on their desks, as people are both being kicked in the teeth, and not kicked in the teeth.
It’s not that bad. I get kicked in the teeth all the time. I still got some. Only gives me problems when i try to eat certain foods. I don’t like corn on the cob anyway.
Thpegk fo yrselpth
Corngm! Haghv th’ guooze!
Interest rates were way too low for way too long which led to the situation we’re in now. While the Fed will probably lower rates this Summer they really shouldn’t because inflation hasn’t stabilized at all which was the entire point in the first place
China just dropped interest rates.
This world is not the world of 20 years ago.
Currant inflation is being caused because of high interest rates. Mortgages cost more, so landlords (40% of which are small mom and pop ordinary people renting a second home) increase the rents. It takes years for all the mortgages to flip over to the higher interest rates, so we’ve see this persistent and high inflation.