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Old 06-01-2018, 01:15 PM  
Bladewire
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Join Date: Aug 2003
Location: Monarch Beach, CA USA
Posts: 56,229
Quote:
Originally Posted by Rochard View Post
#thanksobama
So true!

We had 6 great years of being far below 2% inflation under Obama. One year of Trump at were tipping over 2%.

Now interest rates are much higher so we're paying more on credit cards, home loans, student loans, etc. The price of gas has gone up 4%, the price if food is up 3% and overwall wage increase is only 2.3%

Inflation Data Shows Why the Fed Hesitant to Declare Victory | Bloomberg 5-31-18

"U.S. inflation is back at the Federal Reserve’s 2 percent target after spending most of the last six years below it. The pickup has been driven by factors not necessarily linked to the strength of the economy, which means there’s no guarantee that it will stay there for long."
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