BIDENflation

Most of the country lives month-to-month.

News Flash: That ain’t goin’ change as we head into the holidays.

According to new government data released yesterday, consumer prices rose at the fastest pace in 30 years !!! last month. 

The reports point to a recovery caught between robust consumer demand and severe supply shortages, leading to a rapid uptick in inflation.

What I suspect we’re also going to start hearing more and more of in the coming weeks is how the ignorance surrounding vaccines, and accompanying mandates, has/have crippled several sectors of distribution, services and manufacturing, across the country…thanks, Tucker.

ALL of which puts added pressure on Federal Reserve officials as they prepare for their meetings next week.

Once again, we wonder if persistently high inflation could force the central bank to raise interest rates to keep prices in check.

Officials say they expect the recent burst of inflation will be temporary [which is their constant mantra], but they have also raised the possibility they could pull back support for the economy quicker than has been anticipated.

Kids, the dance music NEVER seems to change!!!

The Fed’s preferred inflation gauge, the personal-consumption-expenditures price index, rose 4.4% in September from the previous year, the fastest pace since 1991, the Commerce Department stated in their release.

An index of consumer sentiment also released by the University of Michigan showed Americans remain in a glum mood; the index fell to 71.7 in October from 72.8 in September; that’s well below the level of 101 registered in February 2020, before the pandemic hit.

As I said to my wife last night, just before turning off the lights, “Just one piece of candy for Halloween for the kiddies…and I’ll be the one handing them out.”

Oh, you know it’s the time of year…when ghosts and goblins appear…