0.1% inflation for March

Not even a story anymore?

As high inflation continues, split on strategy among Federal Reserve officials

 

Half of ten percent isn't good when it comes to inflation. 4.8% annualized is still worse inflation than we've had in decades. The target is 2%. I'm not sure how much more help Biden needs. A Fed that has raised rates 5% in a year, which is unprecedented. Tbh, we should be in a deflationary situation with steep increases like that. But Biden's inflation keeps persisting well above the 2% target.

 

So what you are saying is Biden's economy is just too strong. Even a 5% increase in interest rates can't throw it into recession.

 

Not to mention that the feds goal has been 3 percent for decades. That is the balance between growth and inflation that is considered good for the economy.

 

Ask America if Biden's inflation means the economy is "just too strong":

https://www.realclearpolitics.com/epolls/other/president_biden_approval_inflation-7832.html

https://www.realclearpolitics.com/epolls/other/president_biden_job_approval_economy-7321.html

 

3 percent is incorrect. 5% is 250% higher than the actual Fed target, which is 2%. Crack a book..

 

um I think you need to check your math on this post.

never mind re-read what you said. It’s a 150 percent increase but 250 higher. It’s late. Mea culpa.

 

You meant 60% of the country "won't admit a democrat is doing well", right? 60% of people disapprove of Biden's handling of inflation/economy. You are all over the place.

 

Apparently, you didn't see where he corrected himself or understand basic math.

 

Opinion polls on the economy are pretty worthless. 4 million new jobs in the last 12 months, and 1.6 million new jobs in the last 6 months is a little more meaningful. The economy is doing pretty well despite the 5% increase in interest rates.

 

All of this stuff we are talking about doesnt matter you guys are arguing just to argue. Shit like this is the problem - The Reason For Coca-Cola's Price Increases | SupermarketGuru

this is just an example I pulled quickly from the internet. But you have tons of companies right now making record profits and we have economists telling us that we need to control wages. So while we pay more for everything so companies can pad profits the amount of money normal people have at their disposal is more limited and goes less far.

 

What people are actually thinking in reality is meaningless to out of touch people such as yourself.

 

It’s really time for you to get some rest. Get well soon, @WarDamnGator !!

 

You aren’t a part of the Fed or the Biden administration. You should just drop out of this convo. You’re just shitposting from your couch.

This is wisdom from a shitposter from another thread. Seems relevant.