by Ian Hanchett
Breitbart.com
On Friday’s broadcast of Bloomberg’s “Balance of Power,” White House Council of Economic Advisers Chair Jared Bernstein reacted to the March PCE report that showed the yearly PCE inflation rate increasing with the annual core rate holding steady along with 0.3% monthly growth in both overall and core PCE, the same as it was in February, by stating that “It was nice to hit the expectations number for the PCE, both headline and core, this morning.” And said that “we expect inflation to continue a bumpy path down towards target.”
Bernstein stated that improvements in consumer sentiment have “tracked some of the improvements that we saw in inflation, especially the disinflation in the latter half of last year. Now, look, inflation is still down 60% from its peak. It was nice to hit the expectations number for the PCE, both headline and core, this morning.”
Not long ago, senior citizens got the two biggest annual increases in their monthly Social Security checks that most had ever seen. But for many of them, the adjustments still weren’t enough to cope with the runaway inflation of earlier this decade and the continued high prices for food, housing, utilities and other necessities.
If we combine the Biden-Handler massive cap gains tax increase and the impending wealth tax on bit”coin” and other assets (“mixers” are “money laundering” – unlike the Oligarchy’s Ukraine money laundering op), rising long rates leading to bank failures – what is the general intent? Deliberate impoverishment and elimination of agency via some sort of near-term Great Reset. No cows, no milk, no chickens (BIRD FLU!), no gardens (carbon!), no health (forced six-dozen-shot chronic-disease-and-death-vaxes), no inheritance, no savings or wealth = You Will Die Young and Destitute. The scheduling of the tax pre-“election” doesn’t make any sense. Maybe – there won’t be an election? Maybe “they” have successfully infiltrated Orangeville; his DeathVax stance suggests this could be true. Or maybe “they” are on a no-changes timeline with a “global” ticking clock – there is no choice. Polar shift? “Return of the Elohim?” I don’t know. As Chris said using the “Rules for Rulers” framing, inflicting a wealth tax on the donor class makes no sense, so I assume something not yet visible is the cause.
There is nothing normal or good about tariffs.
WASHINGTON — A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid.
WASHINGTON (Reuters) – U.S. monthly inflation rose moderately in March, but stubbornly higher costs for housing and utilities suggested the Federal Reserve could keep interest rates elevated for a while.
The rate of inflation expected by American households climbed in April, the latest signal that the Fed’s progress in bringing down inflation has stalled.
Inflation is once again on the decline, new data from the Bureau of Economic Analysis (BEA) show. The Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure of inflation, grew at a continuously compounding annual rate of 3.9 percent in March. It grew at an annualized rate of 5.1 percent in January and 4.0 percent in February.
In 2004, I was a single mom raising three daughters on my own. I worked three jobs, including an overnight shift as a translator at our local hospital, to make ends meet. Every time I stood in line at the supermarket, I worried about what I would have to put back on the shelf to stay within our weekly $100 food budget.