Da Lair V

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Da Fed- ,

I think .75,.75, and then maybe .5. A screaming rally at 6.7% core CPI and this still going on is delusional. The Fed is absolutely serious about getting it to 2%, long way to go.

https://www.cnn.com/2022/11/10/economy/cpi-inflation-report-october/index.html

Thursday’s CPI report marked an improvement from a stretch of hotter-than-expected inflation readings, but the pervasiveness of price increases remains problematic for consumers, businesses and the Biden administration.

“Any meaningful relief for household budgets is still somewhere over the horizon,” said Greg McBride, chief financial analyst at Bankrate.

“In categories that are necessities — shelter, food, and energy — we continue to see large and consistent increases,” he said. “The areas posting declines are for the most part either irregular or more discretionary in nature — airfare, used cars, and apparel.”

Year over year, shelter prices are up 6.9%, food prices are up 10.9%, and energy prices are up 17.6%, according to data from the Bureau of Labor Statistics. Costs for staples such as eggs (up 43%), bread (up 14.8%) and milk (up 14.%) remain elevated.

Dis guy-

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