Bidenville! US Inflation Cools To 2x Target In May, 26 Straight Months Of Negative Weekly Wage Growth (Core Inflation Still At 5.3% YoY, Yet Fed Will Pause Rate Hikes)

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by confoundedinterest17

Okay, Joe Biden was generally regarded as the dumbest member of the US Senate and mean-spirited (I won’t repeat podcaster Joe Rogan’s opinion of Biden). Now we realize how brazenly corrupt Biden is (taking bribes from China and Ukraine to influence American poliicies). Not only is Biden an attrocious human being, but his policies have damaged the US middle class terribly thanks to inflation.

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Yes, inflation is slowing, Inflation (CPI YoY) slowed to 4% in May, twice The Fed’s target rate of inflation. And core inflation is still raging at 5.3% YoY.

Real weekly wage growth is -0.7% YoY, the 26th straight month of negative wage growth. Great job Biden, Fed and Congress! … NOT!

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Here is Theo Von’s podcast on Biden.