Inflation is slowing just a little. But my feeling about The Fed (that partly caused the problem in the first place by keeping rates too low for too long (TLTL) under Yellen is all I can do is laugh.
The US Core Deflator (Personal Consumption Expenditure CORE PRICE Index YoY fell only slightly in February to a still-high 4.6% in February despite The Fed jacking up interest rates and slowing M2 Money growth.
I thought Biden and Congress passed the inflation reduction act??
I forgot. Under Obama/Biden, the US is now a failed state. Or a banana republic without bananas. Way to go Joe!
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