, a welcome sign in the central bank’s long battle to bring down historic price increases. The Personal Consumption Expenditures price index rose 5% for the 12 months ended in February, lower than January’s downwardly revised 5.3% gain, the Commerce Department reported Friday. On a monthly basis, prices were up 0.3%, a cooling from January’s 0.6% increase. Economists were expecting a monthly gain of 0.2%, according to Refinitiv.
And that credit is becoming more expensive with every rate hike, and it very well could become even harder to obtain in the wake of the banking upheaval, said Shannon Seery, vice president and economist for Wells Fargo’s corporate and investment bank. “Consumers are relying more on credit than they have previously, but it’s not the driving force of spending,” she said.
Is cnn actually reporting something other than Trump hmmm......
I was better off under Trump.
WAY higher than under the REAL PRESIDENT... PRESIDENT TRUMP.
You liberals spent Trillions to stop inflation, lol Inflation reduction bill, lol
FJB
Collapsebank ,,✨😁✨😁😁
Ask Putin hes the cause and infom urselves all countries are suffering inflation due to Russia and Ukraine stop blaming parties
One minute “Wall Street evil” , the next “Wall Street doing great” yipee.
This is not some mysterious issue to fix. The federal government poured trillions and trillions of dollars into the economy and caused this. They need to cut spending pretty dramatically and pay down the national debt
I like to call it Bidenflation. Lol.
🤔
Believe nothing and question everything from the government
Sham and paule
So how much has it risen since slo jo took office ? 15 -16%
The US taxpayers funded a $1,700,000,000,000 “Inflation Reduction” bill that did absolutely NOTHING to address inflation.
I heard the GOP has a fantastic plan, since that’s what they ran on. Don’t they? Isn’t that what they are working so hard on?
Yellen says it’s transitory