Nov. CPI report raises doubts about US inflation data
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America’s cost-of-living problem is simple math: Inflation spiked several years ago and paychecks haven’t had enough time to catch up. The latest jobs report revealed Tuesday that the problem got even worse last month – and a separate inflation report Thursday could show that the crunch is really on.
Housing and insurance costs remain stubbornly high, keeping monthly bills elevated even as overall inflation cools. Food prices have stopped rising
It would be helpful in solving the affordability issue if those searching for an answer seized upon the prophetic words of Pogo’s creator, Walt Kelly, who said, “We have met the enemy and he is us.” There are no limits to the number of people and programs on both sides of the aisle who are responsible for creating our unaffordability environment.
Miran, in a speech and a subsequent television interview, said government statistics are misleading and “underlying” inflation is running below 2.3%, not far from the Fed’s 2% target.
Inflation is the primary concern that could disrupt the positive economic trends seen under the Trump administration, including faster growth and higher stock prices. The recent inflation rate of 3.0% and core CPI of 3.3% exceed the Fed's 2.0% target ...
The best way to fix Americans’ cost-of-living problem is to give workers bigger raises, Federal Reserve Chair Jerome Powell said last week.
Home buyers are struggling with high home prices and 7% mortgage rates, and the October CPI data does little to help. Shelter inflation was responsible for the increase in inflation in October, as rents and home prices remain elevated. Higher inflation ...
Two weeks ago, I opened this letter by noting the election uncertainty, once over, would give way to a different uncertainty about what comes next. That’s where we are now. I fully expected a closer outcome that would take some time to resolve.