I'm not up to date but some of them countries such as Germany had the negative interest rates.
You actually lost money by putting it in the bank.
Anyone Afraid Of Inflation?
- Thread starter Wally
- Start date
You actually lost money by putting it in the bank.
Wally
BrownCafe Innovator & King of Puns
The details of the report were even more concerning.
www.nytimes.com
The Fed’s Preferred Inflation Measure Remains Stubbornly High (Published 2022)
Inflation stayed far above the Federal Reserve’s goal in August, as prices climbed more quickly than economists expected.
Brownslave688
You want a toe? I can get you a toe.
How bout a non paid access linkThe details of the report were even more concerning.
The Fed’s Preferred Inflation Measure Remains Stubbornly High (Published 2022)
Inflation stayed far above the Federal Reserve’s goal in August, as prices climbed more quickly than economists expected.
Wally
BrownCafe Innovator & King of Puns
The Federal Reserve’s preferred inflation gauge remained elevated in new data released on Friday, further evidence that the central bank is contending with a stubborn problem as it tries to choke off the worst inflation in four decades.
The Personal Consumption Expenditures inflation measure, which is produced by the Commerce Department and is the measure the Fed officially targets as it tries to achieve 2 percent annual inflation, climbed by 6.2 percent in the year through August. While that was a slowdown from 6.4 percent in July, it was higher than the 6 percent economists in a Bloomberg survey had expected.
The details of the report were even more concerning. While price increases have been moderating somewhat on an overall basis, that is partly because gas prices have been declining. After stripping out volatile food and fuel prices to get a sense of underlying inflationary pressures, the index climbed 4.9 percent in the year through August, an acceleration from 4.7 percent the month before. And on a monthly basis, the core index picked up by 0.6 percent, a rapid pace of increase that was the fastest since June.
The data underlined what a rocky road the Fed faces as it tries to guide the U.S. economy toward slower inflation. Consumers continued to spend in August, the report also showed, suggesting that the economy still has momentum even as central bankers raise interest rates to try to cool demand, slow hiring and eventually weigh down inflation. Because growth has been resilient, the Fed has become steadily more aggressive in its efforts to constrain spending and temper inflation.
The Personal Consumption Expenditures inflation measure, which is produced by the Commerce Department and is the measure the Fed officially targets as it tries to achieve 2 percent annual inflation, climbed by 6.2 percent in the year through August. While that was a slowdown from 6.4 percent in July, it was higher than the 6 percent economists in a Bloomberg survey had expected.
The details of the report were even more concerning. While price increases have been moderating somewhat on an overall basis, that is partly because gas prices have been declining. After stripping out volatile food and fuel prices to get a sense of underlying inflationary pressures, the index climbed 4.9 percent in the year through August, an acceleration from 4.7 percent the month before. And on a monthly basis, the core index picked up by 0.6 percent, a rapid pace of increase that was the fastest since June.
The data underlined what a rocky road the Fed faces as it tries to guide the U.S. economy toward slower inflation. Consumers continued to spend in August, the report also showed, suggesting that the economy still has momentum even as central bankers raise interest rates to try to cool demand, slow hiring and eventually weigh down inflation. Because growth has been resilient, the Fed has become steadily more aggressive in its efforts to constrain spending and temper inflation.
Wally
BrownCafe Innovator & King of Puns
You clear cookies and it thinks you are new so you can view.
So basically we're screwed
Wally
BrownCafe Innovator & King of Puns
Another rate hike.
That's good if you're a saver.
Bad news if you are a borrower
Brownslave688
You want a toe? I can get you a toe.
Not that great if inflation is eating your savings though
Trust me I've noticed I have less of my paycheck to put into the savings account
Brownslave688
You want a toe? I can get you a toe.
Carol better open up
The pocket book in 10 months.
We all deserve a good ways especially after working through covid
Wally
BrownCafe Innovator & King of Puns
Beer is savings?
BSWALKS
Fugitive From Reality
Short term investment?
Wally
BrownCafe Innovator & King of Puns
True liquidity?
It is when you drink it at home instead of going out
Up In Smoke
Well-Known Member
Sucks when they pull away the candy dish.
Wally
BrownCafe Innovator & King of Puns
Americans saw ‘most severe’ pay cut in 25 years under Biden
The Federal Reserve Bank of Dallas calculated “real wages” — the amount of money Americans take home when adjusted for inflation.
nypost.com
Up In Smoke
Well-Known Member
"The bill for the Covid Mitigation policies is due". "The record levels of fiscal and monetary policy expansions in the first half of 2020 are wrecking the purchasing power of the dollar. Thus, even without a pay cut, wage earners are effectively earning less over time". The article states.View attachment 403443Americans saw ‘most severe’ pay cut in 25 years under Biden
The Federal Reserve Bank of Dallas calculated “real wages” — the amount of money Americans take home when adjusted for inflation.
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