Fahrenheit 451! Sticky Core Inflation Still At 4% YoY (Fed Can’t Douse The Fire Caused By Too Much Government Spending)

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by confoundedinterest17

We didn’t start the fire … The Fed and Biden/Harris did. And it is still burning.

October STICKY core inflation is still up 4% YoY (year-over-year)

Core CPI rose 0.3% MoM (as expected) which pushed it up 3.3% YoY (not even close to the 2% mandate)…

Source: Bloomberg

There has not been a single monthly decrease in core consumer prices since Biden too office.

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Between The Fed’s insane monetary policy and Biden/Harris insane fiscal policies, we are living in a world where Ray Bradbury’s novel Fahrenheit 451 becomes a reality. Instead of books burning, it is the US Dollar burning.