US inflation accelerated in June by more than forecast, underscoring relentless price pressures that will keep the Federal Reserve on track for another big interest-rate hike later this month.

The consumer price index rose 9.1% from a year earlier in a broad-based advance, the largest gain since the end of 1981, Labor Department data showed Wednesday. The widely followed inflation gauge increased 1.3% from a month earlier, the most since 2005, reflecting higher gasoline, shelter and food costs.

Treasury yields and the dollar jumped, while US stock futures fell following the report.

The red-hot inflation figures reaffirm that price pressures are rampant and widespread throughout the economy and continue to sap purchasing power and confidence. That will keep Fed officials on an aggressive policy course to rein in demand, and adds pressure to President Joe Biden and congressional Democrats whose support has slumped ahead of midterm elections.

While many economists have suggested this data will be the peak in the current inflationary cycle, several factors such as housing stand to keep price pressures elevated for longer. Geopolitical risks including Covid lockdowns in China and Russia’s war in Ukraine also pose risks to supply chains and the inflation outlook.

https://www.bloomberg.com/news/articles/...-forecasts

It IS his fault so I can only assume he is enjoying this.............

Stagflation is here.......

11/8/22.

In coming months as inflation blows past 10% you will start to hear a call to use the defense production act to start nationalizing industries and fixing prices. Venezuela here we come!

Oh boy, we are going to get more prime time Jan 6 hearings.

Let us not forget that this is a Year over Year Measurement.

Last June inflation was 5.4% (weird - still way before Putin and Ukraine???)

Today's reading of 9.1% is ON TOP of the 5.4% from last year.....



#compounding
#notsurging

So, I guess they can no longer hang their hats on the statement that the rate of inflation increasing is slowing down.

I predict a lot more flipping thru pages and not answering questions from the black vag lesbian. I cant remember her name, but that wasnt important to Biden*. He just wanted me to know she was black, has a vag, and is a lesbian.

(07-13-2022 08:11 AM)VA49er Wrote:  Oh boy, we are going to get more prime time Jan 6 hearings.

NEWSFLASH:
7/19/22 SPECIAL J6 Hearing: - [Per CNN]\ The J6 committee will be calling on Marla Maples for Bombshell testimony.

Trump told her in 1997 that "once he became president he would take any measure necessary to retain power - even if it meant an uprising".

(07-13-2022 08:12 AM)UofMstateU Wrote:  So, I guess they can no longer hang their hats on the statement that the rate of inflation increasing is slowing down.

I predict a lot more flipping thru pages and not answering questions from the black vag lesbian. I cant remember her name, but that wasnt important to Biden*. He just wanted me to know she was black, has a vag, and is a lesbian.

You talking about Low IQ KJP?

Guess I heard correctly last week about 9% inflation. It's all part if their plan. They just need the majority of the country to say "y'all do something about this!!!". Might be there now. What kind of idiot asks the person who broke something that didn't need any repairs to go back and fix it? 81,000,000 Americans obviously.

(07-13-2022 08:42 AM)Bill83 Wrote:  

(07-13-2022 08:12 AM)UofMstateU Wrote:  So, I guess they can no longer hang their hats on the statement that the rate of inflation increasing is slowing down.

I predict a lot more flipping thru pages and not answering questions from the black vag lesbian. I cant remember her name, but that wasnt important to Biden*. He just wanted me to know she was black, has a vag, and is a lesbian.

You talking about Low IQ KJP?

She’s as dumb as a barrel full of duck sh-t

(07-13-2022 08:49 AM)MemTigers1998 Wrote:  

(07-13-2022 08:42 AM)Bill83 Wrote:  

(07-13-2022 08:12 AM)UofMstateU Wrote:  So, I guess they can no longer hang their hats on the statement that the rate of inflation increasing is slowing down.

I predict a lot more flipping thru pages and not answering questions from the black vag lesbian. I cant remember her name, but that wasnt important to Biden*. He just wanted me to know she was black, has a vag, and is a lesbian.

You talking about Low IQ KJP?

She’s as dumb as a barrel full of duck sh-t

STRONGEST ECONOMY EVER!

(07-13-2022 08:04 AM)BigTigerMike Wrote:  

Love the way the guy reacts to being told it’s not a good look to blame others when you are supposed to be fixing the problem.

Uh, Duh, huh, Duh

Keep an eye on the Producer Price Index. As long as the PPI keeps ticking up, that means goods in the pipeline are increasing in price and we will continue to see corresponding price increases in the stores as reflected in the Consumer Price Index a month or two later. The leading indicator for a drop in inflation will be commodity price drops and a drop in the PPI. As for stocks, the next leg down is about to begin as traders see inflation has not peaked and analyst begin to lower forward earnings forecasts.

(07-13-2022 08:12 AM)UofMstateU Wrote:  So, I guess they can no longer hang their hats on the statement that the rate of inflation increasing is slowing down.

I predict a lot more flipping thru pages and not answering questions from the black vag lesbian. I cant remember her name, but that wasnt important to Biden*. He just wanted me to know she was black, has a vag, and is a lesbian.

um...that's "vag-ing person"...

Yet corporate profits are at all time highs too. That obviously has nothing to do with it right?