Political. No inflation. They want to kill the economy.
I think the massive QE and subsequent super-low interest rates during the 0bama years was definitely political. Grandma Janet couldn’t do enough to kiss 0bama’s ring.
But I believe that not only is inflation rearing its ugly head, it is far worse than is being reported. While a box/bag of a commodity may be roughly the same price at the checkout stand, the box/bag is about 40% smaller in most cases!
Problem is the US has gargantuan and growing deficits. But the effects are mitigated by an expanding Trump economy (increased tax receipts).
> No inflation. <
You’re right when it comes to things like electronics. But there is certainly food inflation. A 10 oz box of cookie went for $3. Now an 8.5 oz box goes for $3. I’m paying more per cookie.
Cynically my conclusion as well. When in the last 30 years have they been so quick to raise rates?