The U.S. annual inflation report came in at an astounding 7.7 percent. America’s consumer price index (CPI) has not been this low since January. It was also the first time that inflation was below eight percent since February. But while everyone is doing victory laps because the Federal Reserve might pull the trigger on a […]
Money
Cleveland Fed Bank’s Nowcast forecasting 8.1% inflation tomorrow
On the eve of CPI Day, the market is anticipating a headline print of eight percent for October. If accurate, it would be a notable drop from the 8.2 percent in the September report. But not everyone is expecting the eight percent figure. The Federal Reserve Bank of Cleveland’s Nowcast is projecting an October reading […]
MSNBC’s Joy Ann Reid: Republicans brainwashed Americans to understand inflation
MSNBC has been in panic mode this week. Perhaps one of the weirdest talking points coming out of the network was host Joy Ann Reid claiming that Americans have been too stupid to know what inflation means. In a recent segment, Reid said that only the brilliant journalist class and economists use the term and […]
European inflation surges to 10.7%, Q3 economy comes to a grinding halt
It is terrifying in Europe right now. The annual inflation rate surged to 10.7% in October, topping the market estimate of 10.2%. This is also up from the 9.9% print in September. The monthly inflation reading swelled to 1.5% in October, up from 1.2% in the previous month. Meanwhile, the economy is slowing down at […]
U.S. economy exits recession in Q3 after record exports to Europe, government spending
All it took for the U.S. economy to come out of a brief recession was to send a record amount of oil, gas, and weapons to Europe amid a crisis. Nice. So, in the third quarter, the GDP growth rate came in at 2.6 percent, topping the market estimate of 2.4 percent, according to the […]