Conversation

Another Good Inflation Report:

Inflation Has Been Beaten,
A Soft Landing Achieved

- The main gauge of inflation, the #Consumer #Price #Index,
came in at 0.2% for July and 2.9% over the past 12 months.

Food prices have only increased ✅1.1% over the past year
-- 💪🏽far below the wage gains of workers.

Over the past six months inflation has averaged 2.0% -- ⭐️which is the target rate the Fed has been shooting for.

As we’ve been saying here these last few weeks inflation, a global phenomenon, has been tamed here in the US and a #soft #landing achieved.

It is time for the Fed to #cut #interest #rates and start easing up on consumers.
https://www.hopiumchronicles.com/p/inflation-has-been-tamed-and-we-need