29 Feb 2024 12:36 pm
That is if you are a braindead biden bootlicker...A key measure of inflation rose last month at the fastest pace since March of 2022.
The personal consumption expenditure price index for services excluding housing and energy services—often called “super core” inflation—rose 0.6 percent in January. This inflation gauge rose this much in March of 2022, December of 2021, and in March of 2021.
It is historically rare for this metric of inflation to rise at this high of a monthly pace. Prior to Biden’s presidency, it had only happened three times in this century, including a single month immediately following the 9/11 terror attacks. Before that, the measure had not jumped 0.6 percent since 1993.
High inflation in the services sector is typically regarded as more persistent and less responsive to monetary policy than goods inflation.
Fed chairman Jerome Powell and other Fed officials have said they keep a close eye on PCE services excluding housing and energy an indicator of where inflation may be headed in the future.
The monthly gain would translate into an annual rate of 7.4 percent if it persisted. Over the past 12 months, it is up 3.5 percent.
'Super Core' Inflation Soared In January, Worst In Nearly Two Years (breitbart.com)
Who you gonna believe, your food and fuel bills or braindead biden?
Just eat your cereal children, isn't it delicious. s/o Brought to you by braindead biden and his incompetent admiistration of queers, trannys and ***. Stop complaining America, you have got it so good, just ask any dim-0-crap congressman with access to insider trading tips. Do I assume that in the future children will ask their grandparents about the burgers they use to consume? Maybe Kellogg's will come up with an artificial cereal that tastes like a filet. It can have little white chunks of artificial potatoes and sour cream mixed in. And as long as braindead biden keeps printing Monopoly Money and passing it out his "inflation reduction act" is a joke...A BAD JOKE!!!.
The personal consumption expenditure price index for services excluding housing and energy services—often called “super core” inflation—rose 0.6 percent in January. This inflation gauge rose this much in March of 2022, December of 2021, and in March of 2021.
It is historically rare for this metric of inflation to rise at this high of a monthly pace. Prior to Biden’s presidency, it had only happened three times in this century, including a single month immediately following the 9/11 terror attacks. Before that, the measure had not jumped 0.6 percent since 1993.
High inflation in the services sector is typically regarded as more persistent and less responsive to monetary policy than goods inflation.
Fed chairman Jerome Powell and other Fed officials have said they keep a close eye on PCE services excluding housing and energy an indicator of where inflation may be headed in the future.
The monthly gain would translate into an annual rate of 7.4 percent if it persisted. Over the past 12 months, it is up 3.5 percent.
'Super Core' Inflation Soared In January, Worst In Nearly Two Years (breitbart.com)
Who you gonna believe, your food and fuel bills or braindead biden?
Just eat your cereal children, isn't it delicious. s/o Brought to you by braindead biden and his incompetent admiistration of queers, trannys and ***. Stop complaining America, you have got it so good, just ask any dim-0-crap congressman with access to insider trading tips. Do I assume that in the future children will ask their grandparents about the burgers they use to consume? Maybe Kellogg's will come up with an artificial cereal that tastes like a filet. It can have little white chunks of artificial potatoes and sour cream mixed in. And as long as braindead biden keeps printing Monopoly Money and passing it out his "inflation reduction act" is a joke...A BAD JOKE!!!.