The U.S. economy has been cushioned with trillions of dollars in stimulus and relief. With inflation becoming the dominant trend over the last year, the Federal Reserve is beginning to wind down its pandemic-era tools. But can the economic recovery be sustained without these mechanisms? The Bureau of Labor Statistics reported that the U.S. annual inflation rate surged to 6.8 percent in November; its highest level since 1982. Last month, everything was more expensive, with food and gasoline prices soaring 6.1 percent and 58 percent, respectively. Apparel climbed 5 percent, new vehicles rose 11.1 percent, used cars and trucks soared 31.4 percent, and shelter increased 3.8 percent. The number of items falling was minuscule. Potatoes dipped 0.2 percent, prescription drugs fell 0.3 percent, and college textbooks slid 0.2 percent. Suffice it to say, strategists agree that it looks like the Federal Reserve and the Treasury Department are justified in finally removing the …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta