Core U.S. inflation rises to 40-year high, likely securing big Fed hike

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13 thoughts on “Core U.S. inflation rises to 40-year high, likely securing big Fed hike

  1. Elections have consequences. Those of you that voted for Biden have this catastrophe on your hands. Only getting worse the next 12 months as the housing bubble bursts at 9% interest rates and gas hits $6/gal+. Since Joementia has exhausted our strategic oil supply to help save a total midterm wipeout, gas and winter natural gas is going to beat the heck out of the everyday American. Buckle in. And remember who you vote for in 3 weeks and in 2024 have real consequences.

    1. Jaron, get serious. You sound like a career Democrat.

      Do you think for a minute Putin would have invaded Ukraine or Kim Jon Il(?) would be launching rockets if Trump had been re-elected…or, more accurately, if the Dems hadn’t devised a sinister plan to circumvent existing voting laws in key states to swing the election to Joementia?

      Of course not, so we are left with a weak, dementia-addled old political hack who the bad actors in the world righty read as giving them a blank check to do whatever the hell they damn well please, knowing numb-nuts in the Oval Offce won’t do jack squat about it….and inflation rolls on, fueled by his give-away programs to buy votes from people who can’t see past the end of the noses.

      The pandemic has little to do with our present situation.

    2. Lol of course Russia would have still attacked. Trump was in favor of that; that’s why he tried so hard to weaken NATO. You can kick and scream all you want, but the harsh reality is that his policies sucked and helped get us into this mess, and so did Bidens. But stop being a reactionary who just wants to be a contrarian with minimal thought put into their positions. It’s boring.

    3. AT – Trump did not try to weaken NATO. That is what CNN told you. Watch the video of him lambasting NATO, specifically German reps, this is what the left used to tell you that he was trying to crush NATO. It is actually him denigrating them in regards to NATO not contributing their REQUIRED GDP share to NATO, while the US does, and then Germany sends Billions to Russia for Nordstream, which Russia owns, and Billions more for natural gas. I am not a Trump fan, but you need to get off the BS already.

    4. “Trump told his top national security officials that he did not see the point of the military alliance, which he presented as a drain on the United States,” the New York Times reported in 2019. That reporting was confirmed when Trump’s former national security adviser John R. Bolton published a memoir in 2020 that described Trump as repeatedly saying he wanted to quit the alliance, saying at one point, “I don’t give a s— about NATO.” Bolton said he had to convince Trump not to quit NATO in the middle of a 2018 summit. Trump’s former chief of staff John F. Kelly, a retired four-star Marine general, was also described as saying that “one of the most difficult tasks he faced with Trump was trying to stop him from pulling out of NATO.”

      Also, the 2% GDP requirement doesn’t fully kick in until 2024 and it was a process that started prior to the Trump Administration. He also ordered the removal of 13,000 troops (1/3rd of the total) from Germany. Actions speak louder than words.

    5. AT – yes, actions speak louder than words; which is why Trump, and most sensible people, had an issue with Germany paying Billions of dollars every year to Russia, and the EU relying on Russia, for their energy. All the while, the US was fully funding our NATO commitment, as we always have, spending far more of our GDP than any other country. Get off the Trump bashing train, and join those who know how to cut through the noise, even those who don’t like Trump, know when he was right.

    6. European (and global) reliance on Russin energy is definitely a problem, but that’s not what I was talking about. What I’m talking about is Trump’s very obvious attempt to weaken NATO, which he said he wanted to do out loud to multiple people, including his top advisors. NATO members had already agreed upon a new cost-sharing agreement, so his “we pay too much,” despite it being a rounding error in the DoD budget, is a bad-faith argument to achieve preferred outcomes.

      The notion that the Russians would have held back from their offensive is simply incorrect.

  2. Jaron, yes can’t predict a pandemic, but, the lockdowns were mostly over except in the bluest of states, especially over here in the midwest when Biden took office. Biden inherited a “vaccine” and a recovered economy and has since blown it up. Back to your pandemic comment, more people died from Covid in Biden’s first year than Trump’s last. (a fact that has not been reported by the MSM of course) But remember though, Joe promised he had a plan to stop Covid, another epic failure, so he then called it a State responsibility and bailed from taking responsibility and went and got an ice cream cone.

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