Biden and The Fed have a seemingly never ending problem for Americans: Inflation.
Today, the Final Demand Producer Price Index (PPI) printed at 9.7% YoY.
Biden claimed inflation was caused by COVID. How about 1) Biden’s anti-fossil fuel policies combined with 2) excessive fiscal (Biden and Congress) and excessive monetary stimulus (Fed)?
The Fed held its behind-closed-doors meeting on Monday, but nothing has been released about what they discussed. Suffice it to say, they have left the staggering monetary stimulus in play.
I wonder if The Fed is concerned about a soft landing with proposed rate increases.
3 thoughts on “Never Ending Inflation? Final Demand PPI Index UP 9.7% YoY As The Fed Keeps Its Foot On The Monetary Gas Pedal”
How much longer are we going to tolerate the existing malfeasance that is rampant in all sectors of the Political Community?? I don’t think we are in a position to wait for 3 more years for the current situation to resolve itself!! Do You??
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