Biden led us out of the covid pandemic better than most of Europe. Considering Donald is proposing 10% taxes on everything according to his rally speeches last month I'm not sure how he will fix anything if inflation is guaranteed to start at 10% under Trump just so rich people can buy more property and raise rents more.
Just in time for the election how convenient. Still the inflation rate is 3% (that’s 50% higher than the Fed target). So why are they going to lower the Fed rate?
The fed rate isn't 3% and at some point, the rate is inflationary. How can you think our country can export goods, when they constantly work to prop up the value of the dollar at the expense of people who don't have a fortune to benefit from the hike? You can't solve trade deficits with tariffs, and they are instantly inflationary, because the people are paying the increase, not the country exporting their goods to us and those countries will raise their tariffs on our exports in retaliation.
@@theonlyconformist coffee has tripled in cost. The CPI looks at individual items such as milk, eggs, meat and coffee, it compares it to previous years.
Inflation needs to be negative 5% for 5 years to get prices back to normal. They need to reverse that inflation. And they leave out house prices altogether from their fake inflation number since the 1990s. House prices are the most important to keep prices in check and they do not. High house and rent prices are what destroy our standard of living the most.
*The rates should have never been raised to begin with😡. The only ones it effects are the small business and everyday citizens🤬. Meanwhile corporations buy up everything in sight with no competition or accountability🤬.*
@@RegebroRepairs 🙄😑. No need when even Robert Reich agrees with me😋. Also it's not rocket science. Look at the tax system when taxes for them were in the more than 50% range and profits as opposed to now. Who ties your shoelaces memaw?
Why won't Joe take the test TRUMP made another offer to Biden Joe should immediately take a Cognitive Test, and I will go with him, and take one also. For the first time we’ll be a team, and do it for the good of the Country….And from now on, all Presidential candidates should be mandated to take a Cognitive Test and Aptitude Test, regardless of their age!!!
The economy is only exceptional for richfolk, us working class folks are barely surviving
Just went shopping, omg, lets go Brandon
Things are definitely headed in the right direction. Better to keep moving forward with Biden, rather than retreating into the darkness.
You must be joking
😂😂😂
Forward?
A country doesn’t move forward with a dementia patient they forget
Biden led us out of the covid pandemic better than most of Europe. Considering Donald is proposing 10% taxes on everything according to his rally speeches last month I'm not sure how he will fix anything if inflation is guaranteed to start at 10% under Trump just so rich people can buy more property and raise rents more.
@@jaytaylor2312You mean like trump.
pure delusion
Just in time for the election how convenient. Still the inflation rate is 3% (that’s 50% higher than the Fed target). So why are they going to lower the Fed rate?
What are you talking about.
The fed rate isn't 3% and at some point, the rate is inflationary. How can you think our country can export goods, when they constantly work to prop up the value of the dollar at the expense of people who don't have a fortune to benefit from the hike? You can't solve trade deficits with tariffs, and they are instantly inflationary, because the people are paying the increase, not the country exporting their goods to us and those countries will raise their tariffs on our exports in retaliation.
They are lowering the fed rate because inflation has gone down. They raised it because inflation went up.
This isn't exactly rocket science.
They've been talking about this for 2 years, it was a slow steady process dude, what are you talking about.
@@xzurse5641 the Fed target for inflation is 2%. If you are trying to reach that target then you shouldn’t be lowering the Fed rate yet.
Yeah, let's hope...
Low rates = high prices. I hope NOT.
@@eugenefirebird8938 If you are looking to buy real estate this year, then yeah, you probably should find something now.
24 comments -- only 12 show. The rest are blocked by big brother tech.
Accapt the CPI stopped including coffee on its list because ot kept bringing that inflation rate up to 6.7%.
That's complete nonsense. Coffee would have to double in price and be 2/3rds of the economy for it to cause inflation to go up that much
@@theonlyconformist coffee has tripled in cost.
The CPI looks at individual items such as milk, eggs, meat and coffee, it compares it to previous years.
Desperation piece.
Times are desperate.
Inflation needs to be negative 5% for 5 years to get prices back to normal. They need to reverse that inflation. And they leave out house prices altogether from their fake inflation number since the 1990s. House prices are the most important to keep prices in check and they do not. High house and rent prices are what destroy our standard of living the most.
"They need to reverse that inflation."
Deflation is just as bad as inflation, if not worse, so no.
@@RegebroRepairs No to you. I hope your fake inflated asset prices drop to real value. Your money for doing nothing is over.
@@RegebroRepairs No to you
@@eugenefirebird8938 To everyone. Try again.
*The rates should have never been raised to begin with😡. The only ones it effects are the small business and everyday citizens🤬. Meanwhile corporations buy up everything in sight with no competition or accountability🤬.*
Well, OK mr Economics Professor, maybe you should write a paper on that, backed up by research and simulations?
@@RegebroRepairs 🙄😑. No need when even Robert Reich agrees with me😋. Also it's not rocket science. Look at the tax system when taxes for them were in the more than 50% range and profits as opposed to now. Who ties your shoelaces memaw?
@@RegebroRepairs I don't need to because others have already done that. I don't need to prove their work. That's what they get paid for😑.
@@lynnrunningdeer7364 Yes, indeed they have, and they disagree with you.
Why won't Joe take the test TRUMP made another offer to Biden Joe should immediately take a Cognitive Test, and I will go with him, and take one also. For the first time we’ll be a team, and do it for the good of the Country….And from now on, all Presidential candidates should be mandated to take a Cognitive Test and Aptitude Test, regardless of their age!!!
Who cares, president Joe Biden is still a better person than trump will ever be.
You mean that A.D.D test it keeps bragging about passing. That's nothing to brag about😅.
"Whale"
@@lillianmatthew3880 all voters should be required to pass the civics exam no exceptions.
@@lynnrunningdeer7364 Seems like Biden didn't do to well considering the Rich Elites who run the DNC forced him out Delusional Democrat
Progress take time. Im voting Biden 2024.
"Yeh Rate Cuts keya hote hai? "
Let's go back to zero
💙 VOTE BIDEN-HARRIS TO STOP CORPORATE GREED AND STRENGTHEN THE MIDDLE CLASS 💙
Cuba, China, Russia, North Korea, Vietnam has no corporate greed 😂
@@batoketo1210 Just FYI, we're talking about two totally different subjects, Dear. 💙💙💙
LIARS
It's not hard to be in the ballpark, inflation wise, when you cherry pick the data!
No one is cherry picking anything, that is across the board.