Hide your kids, hide your wife, and also hide your wallet because we’ve had another “unexpected” inflation report drop. September’s inflation rate clocked in at 8.2 percent. To make matters worse, month-over-month inflation, a metric the White House was touting back in August, actually rose by 0.4 percent as core CPI surged to 6.6 percent.
So what does this mean? It means that the rate hikes are not working. Not sure if this means that the FED will have to be even more aggressive with the rate hikes, or that Democrats have spent sooo much money that there is no way to actually counter it.
Keep in mind that we didn't just spend money on Covid and other stimulus. We are approaching ten times the amount of money in chained dollars over the past 2-3 years than we spent on the entire new deal.
