[Kaiser8408a]

Government spends YOUR money inefficiently.

[Huskrrrr]

“Let’s break out the booze and have a ball.”

[EBH]

The report also showed some signs of stress for American consumers whose wages have failed to keep up with inflation and continued to encourage them to draw down savings accumulated from government pandemic-relief programs.

Does anyone else find this "encouragement" counter productive, especially IF anyone has any stimulus funds left!

Plus they are trying to quell demand, so drawing down savings means spending and increasing demand?

I follow a lot of economics channels and experts, but this I do not understand? The FED cannot have it both ways.

[Boogieman]

“the steepest interest-rate hikes in decades”

That’s not actually saying anything, since there have been zero interest rate hikes (and zero or negative interest rates) for the last 15 years.

[ConservativeInPA]

Government spends YOUR money inefficiently.

That, and it spends money it doesn’t have inefficiently.

[VTenigma]

So GDP expands at 2.9% while inflation expands at 8.6%. Sounds like a 5.7% contraction to me, but then again I’m using cisheteropatriarcle math.

[Sequoyah101]

This looks bogus just on the face of it. The fed can’t have it both ways, putting on the brakes and growing the economy.

I don’t think a thing this gooberment says is trust worthy.

[libertylover]

Yeah, and everything costs a lot more than it did just a few years ago too.

[Vaduz]

Depression omen inches on

[sauropod]

.