Inflation hits new 40-year high as gas, food rent costs surge. Another big rate hike appears likely

[Sandisk]

Inflation hits another 40-year high. What does that mean for shoppers and the next Fed rate hike?

Inflation touched a new 40-year high last month as gas, food, and rent costs surged. That will likely mean another big Fed rate hike this month.

finance.yahoo.com

All those staggering idiots who said inflation was temporary or transitory.
Even though it was RIDICULOUSLY obvious it was nothing of the kind.



Hey, Bidenbots?
Instead of obsessing about man child Trump?
Why not get the Senile One to do more to start fighting inflation?

 

[TNHarley]

Gas has dropped over a dollar gallon here. And thats awesome.
Food and energy still keeps going up. Thats not awesome. At all.

 

[Sandisk]

United States Inflation Rate

Inflation Rate in the United States decreased to 3.40 percent in April from 3.50 percent in March of 2024. This page provides - United States Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

tradingeconomics.com

I GUARANTEE you that if this rate does not come WAY down by November - the Dems are toast at the polls.
And that is assuming that the Fed does not crash the economy as it fights inflation.


Once again, I despise both parties.

 

[1srelluc]

Tater dropped it all in the Fed's lap, made squeaking Putin noises, and as a typical dem shirked any responsibility what-so-ever.

It should be no surprise to anyone when the Fed said "OK, hold my beer and watch this".

Dems don't care, they are evil incarnate. The movers and shakers of the dem party are setting pretty.

 

[JGalt]

Inflation hits another 40-year high. What does that mean for shoppers and the next Fed rate hike?

Inflation touched a new 40-year high last month as gas, food, and rent costs surged. That will likely mean another big Fed rate hike this month.

finance.yahoo.com

All those staggering idiots who said inflation was temporary or transitory.
Even though it was RIDICULOUSLY obvious it was nothing of the kind.



Hey, Bidenbots?
Instead of obsessing about man child Trump?
Why not get the Senile One to do more to start fighting inflation?

They do have a plan to fight inflation. They'll blame it on Trump.

 

[Flash]

This is a terrible tax on the American people.

Just think of all the idiot people that voted for Joe Biden that caused the inflation. A big spending Democrat that put trillions of dollars into the economy at a time when there were fewer goods already because of the Pandemic. The definition of inflation is too many dollars chasing too few goods.

We have seen this before. A Democrat creates massive inflation and it took a Republican President to fix it.

By the way, to fix massive inflation it will take significant economic hardship.

Biden really screwed us and anybody that voted for him needs to have their heads examined. We warned them that Biden was going to be a disaster. He never got anything right in his life. Almost a 50 year record of always being on the wrong side of everything. He is way over his head and does not have a clue how to lead the American people. Even Obama said to never underestimate the ability of Biden to screw something up.

 

[JGalt]

This is a terrible tax on the American people.

Just think of all the idiot people that voted for Joe Biden that caused the inflation. A big spending Democrat that put trillions of dollars into the economy at a time when there were fewer goods already because of the Pandemic. The definition of inflation is too many dollars chasing too few goods.

We have seen this before. A Democrat creates massive inflation and it took a Republican President to fix it.

By the way, to fix massive inflation it will take significant economic hardship.

Biden really screwed us and anybody that voted for him needs to have their heads examined. We warned them that Biden was going to be a disaster. He never got anything right in his life. Almost a 50 year record of always being on the wrong side of everything. He is way over his head and does not have a clue how to lead the American people. Even Obama said to never underestimate the ability of Biden to screw something up.

I'm predicting that at some point, people will be hunting down Democrats like coyotes if this shit keeps up.

 

[Flash]

Gas has dropped over a dollar gallon here. And thats awesome.
Food and energy still keeps going up. Thats not awesome. At all.

Gas at the pump is dropping a little bit because of two reasons:

1. President Potatohead is draining the Strategic Petroleum Reserves to keep the cost lower for the mid term elections. That will end soon and the oil will not be replaced.

2. The high cost of fuel is causing people to use less. By the way, that is exactly what the stupid Environmental Wackos wanted. That is what Potatohead promised the wackos that he would do.

Gas at the pump is still almost twice what it was when Trump was President and that is a terrible tax on the American people.

 

[SweetSue92]

Inflation hits another 40-year high. What does that mean for shoppers and the next Fed rate hike?

Inflation touched a new 40-year high last month as gas, food, and rent costs surged. That will likely mean another big Fed rate hike this month.

finance.yahoo.com

All those staggering idiots who said inflation was temporary or transitory.
Even though it was RIDICULOUSLY obvious it was nothing of the kind.



Hey, Bidenbots?
Instead of obsessing about man child Trump?
Why not get the Senile One to do more to start fighting inflation?

HEY!!!

Where's all the Biden voters in this thread???

 

[Flash]

United States Inflation Rate

Inflation Rate in the United States decreased to 3.40 percent in April from 3.50 percent in March of 2024. This page provides - United States Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

tradingeconomics.com

I GUARANTEE you that if this rate does not come WAY down by November - the Dems are toast at the polls.
And that is assuming that the Fed does not crash the economy as it fights inflation.


Once again, I despise both parties.

The first step to stop this inflation is to get rid of the Democrats.

It took Reagan to fix Carter's inflation.

 

[Flash]

I'm predicting that at some point, people will be hunting down Democrats like coyotes if this shit keeps up.

You know as good as I do that these Moon Bats are incapable of understanding the damage that is done by Leftest policies. They will continue to be dumbasses.

However, a lot of swing voters now realize they made a big mistake voting for Democrats because they didn't like Trump's mean Tweets.

We can expect a massive Democrat loss in the mid terms. After Potatohead it will be a long time before the American people will trust a Democrat in the White House so they call kiss off 2024.

 

[Flash]

HEY!!!

Where's all the Biden voters in this thread???

They know Biden has been a disaster and any justification of his disastrous polices will be weak.

Maybe one or two will show up and blame Potatohead's failures on Trump or something but that is will be just about it.

 

[Harpy Eagle]

Gas has dropped over a dollar gallon here. And thats awesome.
Food and energy still keeps going up. Thats not awesome. At all.

and the drop in gas has taken place mostly in July so that is not yet showing up in the inflation numbers.

 

[skews13]

Inflation hits another 40-year high. What does that mean for shoppers and the next Fed rate hike?

Inflation touched a new 40-year high last month as gas, food, and rent costs surged. That will likely mean another big Fed rate hike this month.

finance.yahoo.com

All those staggering idiots who said inflation was temporary or transitory.
Even though it was RIDICULOUSLY obvious it was nothing of the kind.



Hey, Bidenbots?
Instead of obsessing about man child Trump?
Why not get the Senile One to do more to start fighting inflation?

Trump is not coming back.

Just thought you Trumpbots should be aware of that fact.

Now that os out of the way, the current inflation has already been attributed to the monopolistic corporations, that admitted loudly, and clearly, they are keeping prices artificially inflated for pure profit reasons.

So exactly what is it you would like Biden to do to them?

And gas prices have been dropping over a month now.

So how much credit do you plan on giving Biden for it?

 

[iceberg]

Inflation hits another 40-year high. What does that mean for shoppers and the next Fed rate hike?

Inflation touched a new 40-year high last month as gas, food, and rent costs surged. That will likely mean another big Fed rate hike this month.

finance.yahoo.com

All those staggering idiots who said inflation was temporary or transitory.
Even though it was RIDICULOUSLY obvious it was nothing of the kind.



Hey, Bidenbots?
Instead of obsessing about man child Trump?
Why not get the Senile One to do more to start fighting inflation?

Cause that's not what they are paid to do.

 

[iceberg]

Trump is not coming back.

Just thought you Trumpbots should be aware of that fact.

Now that os out of the way, the current inflation has already been attributed to the monopolistic corporations, that admitted loudly, and clearly, they are keeping prices artificially inflated for pure profit reasons.

So exactly what is it you would like Biden to do to them?

And gas prices have been dropping over a month now.

So how much credit do you plan on giving Biden for it?

Then why can't you shut up about him?

 

[JGalt]

and the drop in gas has taken place mostly in July so that is not yet showing up in the inflation numbers.

Defending the Democrats already this morning?

Whatever drop in the gasoline price is negligible, when you consider that it went down to $1.80 per gallon under Trump.

 

[Ralph Norton]

Trump is not coming back.

Just thought you Trumpbots should be aware of that fact.

Now that os out of the way, the current inflation has already been attributed to the monopolistic corporations, that admitted loudly, and clearly, they are keeping prices artificially inflated for pure profit reasons.

So exactly what is it you would like Biden to do to them?

And gas prices have been dropping over a month now.

So how much credit do you plan on giving Biden for it?

"And gas prices have been dropping over a month now. So how much credit do you plan on giving Biden for it?"
As much as the amount of blame you gave him on the way up.

 

[JGalt]

"And gas prices have been dropping over a month now. So how much credit do you plan on giving Biden for it?"
As much as the amount of blame you gave him on the way up.

That means very little when you consider that the average price of gasoline in 2018 was $2.25 per gallon. The current price of $4.63 per gallon is over two times as much as it was under President Trump.

The highest ever recorded price of gasoline was also under Biden's watch. That was $5.016 on 6/14/22

 

[Flash]

Trump is not coming back.

Just thought you Trumpbots should be aware of that fact.

Now that os out of the way, the current inflation has already been attributed to the monopolistic corporations, that admitted loudly, and clearly, they are keeping prices artificially inflated for pure profit reasons.

So exactly what is it you would like Biden to do to them?

And gas prices have been dropping over a month now.

So how much credit do you plan on giving Biden for it?

What did I tell you?

I knew that when these Moon Bats showed up they would try to blame Potatohead's disastrous economic policies on somebody else and I will be damned if you didn't do it.

Potatohead artificially caused a reduction in oil production like he said he would and the higher cost of energy caused a tremendous ripple inflationary effect in the economy. In addition, the idiot flooded the economy with printed money, which really fueled inflation.

Potatohead has been a real disaster and the Moon Bats need to stop this stupid denial that they made a tremendous mistake by letting the Democrats get away with stealing the election.

Take responsibility for your mistakes. Stop with denial.

Democrats with their Leftest economic and social policies are a disaster for this country. Always have been and always will be.