๐Ÿ“ˆ Macroeconomics

Inflation Alert! The purchasing power of the dollar continues to go WHOOSH!!! In November, the purchasing power of $100 in January 2000 dropped to $56.80.

Inflation Alert! The purchasing power of the dollar continues to go WHOOSH!!! In November, the purchasing power of $100 in January 2000 dropped to $56.80. Remember, CPI tracks the loss of the purchasing power of your dollars, and thereby the purchasing power of your hard earned labor. Post on
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

Inflation Alert! Retail sales surged by 1.3% ($694.5 billion) in October (8.3% above October 2021). Retail sales, which are not adjusted for inflation, were up by 8.3% for the 12 months ended in October.

Inflation Alert! Retail sales surged by 1.3% ($694.5 billion) in October (8.3% above October 2021). Retail sales, which are not adjusted for inflation, were up by 8.3% for the 12 months ended in October. Consumers are not quitting when it comes to spending, more fuel for
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

Federal Reserve Alert! Q3 Report on Household Debt and Credit: The 15 percent year-over-year increase in credit card balances marked the largest in more than 20 years.

Source: https://www.newyorkfed.org/medialibrary/interactives/householdcredit/data/pdf/HHDC_2022Q3 Household Debt Rises to $16.51 Trillion on Higher Mortgage, Credit Card Balances Total household debt rose by $351 billion, or 2.2 percent, to reach $16.51 billion in the third quarter of 2022, according to the
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

Federal Reserve Alert! Governor Christopher J. Waller: 'I cannot emphasize enough that one report does not make a trend.' 'I believe that policy is barely in restrictive territory today, so more interest rate hikes are needed to get inflation down.'

Source: https://www.federalreserve.gov/newsevents/speech/waller20221116a.htm Thank you, Dean Kadan, and thank you for the opportunity to speak today about the outlook for the U.S. economy and the implications for the Federal Reserve's ongoing fight to reduce inflation. I will begin with some comments
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics