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| Economy |
| CPI for January |
| 2023-02-14 |
| January all items +0.5 January all items less food and fuel +0.4 Year to Year All Items +6.4 All Items less food and fuel +5.6 pretty much guarantees another 25 point basis hike in the Fed Fund rate on March 21 or 22. |
| Posted by:lord garth |
| #3 How much has the Ukraine war contributed to our inflation? My guess is it is the other way around. It was our inflation (high oil prices) that emboldened the Russians to invade. Can't use the oil and gas weapon when prices are in the basement. Be sure to thank Joebama III at the polls. |
| Posted by: Thruter Gloluger6393 2023-02-14 18:13 |
| #2 How much has the Ukraine war contributed to our inflation? In addition crappy Biden economic policies are hitting Americans hard. |
| Posted by: JohnQC 2023-02-14 17:42 |
| #1 Details are still a bit sparse, but this appears to be pretty much across the board. That is, you can't just point to one particular commodity or item and say that it is causing the spike. Which means, still too much money chasing too few goods. The Fed's reckless injection of $3 trillion into the economy in 2020 is still harming us. And I'd bet on a half percent increase on March 21. |
| Posted by: Tom 2023-02-14 10:35 |