Posted on 07/14/2016 1:44:28 PM PDT by Berlin_Freeper
The U.S. economy continued to expand from mid-May through the end of June but there was little indication that inflation would surge any time soon, the Federal Reserve said on Wednesday.
Wage pressures were "modest to moderate" in most of the central bank's districts and price pressures remained slight, the Fed said in its Beige Book report of anecdotal information collected from business contacts across the country.
Fed policymakers have been spooked by a lack of sustained progress in moving inflation up to the central bank's 2 percent target as well as by a global growth slowdown. U.S. business investment also has been weak for two straight quarters.
The Fed raised interest rates in December for the first time in nearly a decade but has held off further increases this year.
Despite a strong rebound in U.S. job growth in June, traders see the Fed keeping rates on hold until at least mid-2017.
(Excerpt) Read more at reuters.com ...
Apparently these people don’t shop and keep track of prices.
Exactly.
The figures are a farce. The CPI isn’t even an actual measure of inflation but rather of ‘spending habits’.
Joseph Goebbels would be proud.
Actually most of the stuff I buy IS getting cheaper.
Gasoline and food in particular.
Milk went from $3/gal to $1.58 over the past year at the local WM.
We bought most of the grandkids Christmas gifts on Prime Day at some phenomenal discounts.
The Fed is inflating at a record rate and is terrified to take it’s foot off the pedal.
Supply and demand, and the prices would have been lower without the inflation.
translation: Keep those printing presses rolling, Janet!
There's "far less consumin'" when you're making 40-50% less, and/or the bill is coming due on student loans.
There are only 12 million illegals in the US who’re hiding from public view, crouching behind trees and living in culverts.
All lies all the time.
As Iceman put it eloquently in Top Gun, BS!
This government has as much believability as Baghdad Bob and TASS and Pravda in the old Soviet Union. If you tell me you work for feds and tell me something I automatically assume it’s a lie.
So true, just look at the price of bacon!
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