Inflation

[Grouse]

Feds raise interest rate another .75% to fight Bidenflation: On Wednesday, the Federal Reserve, as was expected, raised the benchmark interest rate another three-quarters of a percent in its ongoing effort to rein in sky-high inflation. So far this year, the Fed has raised interest rates a total of 4%, marking the highest annual rate increase since before the 2008 financial crisis. Yet even with the threat of a looming recession, the Fed continued to hint at implementing future rate hikes: "The Committee anticipates that ongoing increases in the target range will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time." The current annual inflation rate is sitting at 8.2%, increasing last month by 0.4% as prices for groceries to gas to housing continue to climb.

[phantom]

 

[GreeneHunter]

It would be interesting to keep track of the S & P 500 before and after the election !

[Nomad]

One pound of land o Lakes butter, $7 , may have to learn to use my mother in laws churn . She sold butter and eggs out at the road .