Desperation for lower rates is going to reach new panic levels. Without low rates, this economy is going to drag. Tax cuts, tariffs AND high rates will crush us. That’s why Trump and his surrogates are screaming for lower rates. Lowering rates might bring back inflation but Biden will get the blame for that. A sputtering job market will finally allow Powell to give us a decrease in rates.
I try and teach him some basic economic fundamentals but his pride and stubbornness won’t allow him to learn. Buy them books, send them to school and they chew on the book covers instead of reading the book.
Not according to the report I saw yesterday. Not sure what index means but what I saw showed 2.8% excluding the volatile energy elements
News flash: when unemployment increases and jobs collapse people don’t have money to spend and inflation drops.
That has been the entire purpose of increasing rates, to suck purchasing power from consumers wallets. You must know that.