Posted on 07/01/2022 8:24:18 AM PDT by Browns Ultra Fan
Where? (State) and from who? The local 7-11? Gas Station? Bodega? Someplace else with a huge mark-up?
I bought a gallon of milk yesterday here in Hellinois, it was $3.09
He is wrong just because the Fed is wrong and must be wrong. It needs to disappear.
Reno, NV at a Raleys.
Personally I think they have the wrong read on things though there isn’t much they can do about it. Inflation is too much money chasing too limited supply. So their decision is to tank demand when really our problem is on the supply side of things. Supply was limited due to lockdowns then demand was hot as we came out of the lockdowns and supply couldn’t keep up, or, had other obstacles to overcome. All input costs are up so of course prices will go up.
So I don’t see how raising interest rates matter in the balance except to crush demand now, but is likely to further limit supply down the road.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.