Grocery Slight of Hand. / Paul Swansen / Flickr / April 14, 2011 / CC BY-ND 2.0 /
The liberals continue down their path to ruin the economy in 2022. Inflation is even worse than before.
This January, consumer prices went up 7%, the fastest increase in 40 years. It’s a fact that the dems won’t be able to deny this time…
Head of Investment Management at Commonwealth Financial Network Brian Price confirmed the sad reality we’re faced with today.
He shared the latest Consumer Price Index (CPI) report. Price said, “The CPI report of a 7% increase over the last 12 months will be shocking for some investors as we haven’t seen a number that high. However, this was largely anticipated by many, and we can see that reaction in the bond market as longer-term interest rates are declining.”
Yahoo Finance’s Brian Cheung also broke down the latest CPI data, which shows that U.S. inflation has increased.
Cheung shows all the prices that went up in the report. He said, “Used cars and trucks increased by 3.5%. Airline fares were also up by 2.7%. Owners’ equivalent rent went up by .4%. This could be a stickier form of inflation so to see a positive nonzero print on that is noticeable as well.”
Then he continued, “Jewelry was up by 4%. Oranges for some reason went up by almost 9%. Then men’s sweaters went about 4.2%.”
Right now, everyone is feeling the drastic change in prices. Not just the American citizens, but also the government…
Managing director for investment strategy at E-Trade, Mike Loewengart, showed how the federal government is also having a hard time dealing with the inflation we’re experiencing today.
“Consumer wallets are feeling pricing pressures. In turn, the Fed has signaled a more hawkish approach. But the question remains if the Fed will pick up the pace given inflation is seemingly here to stay, at least in the medium-term,” Loewengart said.
Then he mentioned that the pandemic we’re suffering from will make it harder for the economy to bounce back.
He added, “With Covid cases continuing to rise, the impact on the supply chain and labor shortages could persist, which only fuels higher prices.”
Nela Richardson – ADP Chief Economist – reminded everyone that the inflation we’re seeing right now won’t just go away. She shared her thoughts during an interview on CNBC.
Richardson said, “Inflation is going to be with us longer than expected. It’s actually present. They (the Fed) have to proceed with the plan… which is to roll down some of that Fed purchasing, remove the accommodation, and start raising interest rates to control inflation.”
Then she added how the Fed. gov. isn’t taking enough action to solve inflation.
Richardson added, “Right now I think the Fed is a little hesitant. They approach this pretty gently. But inflation’s not gentle. It’s a sledgehammer, and we’re seeing that play out in the numbers… the way forward is for them to take decisive action on inflation”
The Biden administration is financially hurting the most vulnerable Americans with their thoughtlessness. Everyone can feel the significant price increase from inflation.
This is a clear sign that we must vote for Republicans across the board in 2022 in order to take control of the House and Senate.
This is the best way to undo most of the damage caused by the Biden administration in our economy.
