PGIM co-chief investment officer Greg Peters weighs what the future of the economy will look like following the Fed’s sixth rate hike.
Inflation continued to run near a multi-decade high in October as persistent prices squeezed millions of U.S. households and small businesses. The Labor Department said Thursday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 0.4% in October from the previous month. Prices climbed 7.7% on an annual basis.
Those figures were both lower than the 8% headline figure and 0.5% monthly increase forecast by Refinitiv economists.
Bidenflation
Thanks Joe
This Thanksgiving, please remember to thank the Leftists for elected the people who put all of us in this high inflation, costly Thanksgiving meal.
Compare reporting from the right, left and center at
Market likes the number despite your negative take.
A Republican US HOUSE has 2 stand strong on the Economic & Energy Issues! Bold Action & Loud Messaging. The GOP is the Political Party that can Increase Economic Growth & Prosperity. economy energy inflation prices HouseGOP SenateGOP GOPGovs FoxNews GOP
The grocery chains here are price-gouging. E.g.: One English cucumber is $3.99 (up from $1.35 earlier this year, then to $1.99 recently) to current price. And this is happening in the Free State of DeSantistan! My gawd!
And gas climbing to over 4 bucks any day now
Even if the red wave that never was, did happen, the Republicans wouldn’t do or be able to fix inflation. It was just a talking point to rally the base by making it seem it’s much more simpler than it really is.
Not surprised. The people have voted for this with their social candidates.
The equation is wrong - how do the Democrats win? In the latest poll, 73% of Americans believe that the direction of the United States is going in the wrong direction.
Fjb ..we bought eggs yesterday that went up to 20 bucks up from 7 bucks..but hey keep giving billions to Ukraine!