Bits And Pieces: US Real Median Income Falls By -2.3%, Worst Decline Since 2010, Core Inflation (CPI) At 13% YoY (Fed Likely To Raise Rates)

by
Sharing is Caring!

by confoundedinterest17

Here are some bits and pieces about the US economy and interest rates.

The Federal Reserve, the most powerful Socialist machine on the planet, is considering rate their target rate after some bad economic news.

First, real median household income (released yesterday for 2022) showed a decline of -2.3%. That is the worst decline 2010 when Biden was Vice-president. Notice that real median household income has never been positive under Biden (I doubt if PressSec Jean Pierre will brag about this!)

Then we have today’s BLS inflation report. The highlight? Core inflation is at 13% YoY.

See also  Big Banks Face Steep Decline in Macro Trading Profits

Apparently, The Fed has more work to do!

See also  Jobless Claims Surge to 242,000, Inflation Worsens—Is the U.S. Heading into Stagflation or Worse?

Fed Chair Powell gestures about inflation still being too high (although dim bulb “economist” AOC claimed that inflation is just propaganda).