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JUST IN - NY Federal Reserve now sees inflation at 5.2% in one year!

Posted on 9/13/21 at 12:45 pm
Posted by Seldom Seen
Member since Feb 2016
40106 posts
Posted on 9/13/21 at 12:45 pm
Posted by WavinWilly
Wavin Away in Sharlo
Member since Oct 2010
8782 posts
Posted on 9/13/21 at 12:46 pm to
If that's what they are willing to admit, I hate to think how bad it really is.
Posted by teke184
Zachary, LA
Member since Jan 2007
95368 posts
Posted on 9/13/21 at 12:46 pm to
What was that about a $0.16 savings back at Fourth of July, Biden?
Posted by teke184
Zachary, LA
Member since Jan 2007
95368 posts
Posted on 9/13/21 at 12:47 pm to
Probably 5.2% in one MONTH, not one YEAR.

There is a reason why the NY Fed isn’t putting out projections this quarter and it ain’t Covid.
Posted by Figgy
CenCal
Member since May 2020
7187 posts
Posted on 9/13/21 at 12:47 pm to
Who knew that build back better included inflation?
Posted by GumboPot
Member since Mar 2009
118761 posts
Posted on 9/13/21 at 12:48 pm to
quote:

inflation at 5.2% in one year!


Means 10.4%.
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134860 posts
Posted on 9/13/21 at 12:48 pm to
We'll just make companies pay employees moar!
Posted by teke184
Zachary, LA
Member since Jan 2007
95368 posts
Posted on 9/13/21 at 12:48 pm to
Stagflation coming. Something thought impossible until the Carter era.
Posted by Lima Whiskey
Member since Apr 2013
19226 posts
Posted on 9/13/21 at 12:49 pm to
That was my guess. Around 10%.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11096 posts
Posted on 9/13/21 at 12:49 pm to
What are their growth expectations?
Posted by GumboPot
Member since Mar 2009
118761 posts
Posted on 9/13/21 at 12:50 pm to
Printing machine goes burrrrrrrrrrrrrrr...

Posted by Chimlim
Baton Rouge, LA
Member since Jul 2005
17712 posts
Posted on 9/13/21 at 12:52 pm to
This is what happens when the government just gives people money.
Posted by GumboPot
Member since Mar 2009
118761 posts
Posted on 9/13/21 at 12:52 pm to
quote:

Stagflation coming.


Right. That's when there is a Mexican standoff between rising wages and rising prices.

Bad times.
Posted by Bulldogblitz
In my house
Member since Dec 2018
26781 posts
Posted on 9/13/21 at 12:53 pm to
So? Enjoy your $0.16 savings on hotdogs, put your mask on and get the jab. You're lucky this administration allows you to stay because they've lost their patience
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11096 posts
Posted on 9/13/21 at 1:00 pm to
It’s actually the lockdowns across the globe flowing through
Posted by Hopeful Doc
Member since Sep 2010
14962 posts
Posted on 9/13/21 at 1:01 pm to
Meanwhile, physician wages remain stagnant.



This isn’t a complaint as much as a comment on how administrative services that offer very little patient benefit are what are skyrocketing.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51586 posts
Posted on 9/13/21 at 1:04 pm to
quote:

5.2% in one year!


That would just be the average increase.



LINK
Posted by LuckyTiger
Someone's Alter
Member since Dec 2008
45202 posts
Posted on 9/13/21 at 1:05 pm to
Democrats: “Well, employers should just pay workers more!”
Posted by ksayetiger
Centenary Gents
Member since Jul 2007
68305 posts
Posted on 9/13/21 at 1:06 pm to
What that graph really shows is the downward turn under trump (until covid)

His policies really did work.

Too bad he was such a meanie typist.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11096 posts
Posted on 9/13/21 at 1:08 pm to
Meh we still didn’t grow without deficit spending we’re just a zombie at this point.
This post was edited on 9/13/21 at 1:09 pm
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