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The most likely reason why the average American has strange ideas about inflation is that they see inflation as the same thing as certain costs of living.
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Wall Street is sure that the Federal Reserve will soon create a 'soft landing' by reducing inflation without triggering a recession. They must reconsider their convictions.
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In November, food prices went up by 0.5% while energy prices went down by 1.6%.
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People argued 26 years ago about whether or not the target inflation rate should go from 0% to 2%. We're now hearing that it should be 4% or 6%.
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Why the world economy might change forever.
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Who says that crypto is burning up?
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The Bureau of Labor Statistics of the U.S. government released new data on price inflation today, and it wasn't good. Before taking into account seasonal changes, the Consumer Price Index (CPI) showed that inflation rose 8.3% year over year in August, according to the BLS. That's the seventeenth month in a row that inflation has been higher than the Fed's arbitrary target of 2%. It's also the sixth month in a row that prices have gone up by more than 8%.
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A DNS problem led to a front-end attack against Curve Finance. FixedFloat has subsequently patched the vulnerability and locked 112 Ethereum in stolen cash.
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A former college swimmer who has been very critical of Lia Thomas said that sharing a locker room with the transgender athlete she competed against made her feel 'extremely uncomfortable.'
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The Keynesians running our economic life may be reassured that the Fed cannot fail in a technical sense, but the public should be appalled.