If you take a casual glance at the latest government inflation report, it’s likely you see good news. The consumer price index (CPI) for October was 7.7%.[1] That makes it the lowest CPI in the last nine months. It also is the first CPI in eight months to see a measure under 8%. Additionally, October’s …
Household Debt Continues to Surge Alongside Inflation Read More »
It would seem – based on the most recent consumer price index (CPI) report – that we finally may be nearing the end of high inflation. You may have heard that headline CPI rose 7.7% on a year-over-year basis in October.[1] That still is a pretty big jump. However, it’s a noticeable decline from September’s …
Research: Higher Inflation Could Last Another 10 Years Read More »
Do you think the economy is as “strong as hell”? President Biden does. At least, that’s what he told a reporter a few weeks ago.[1] Now, I’m not naïve. I realize a president always wants to put the best possible face on the condition of the economy. But “strong as hell” seems a bit much. …