Posted on 05/22/2023 12:52:38 PM PDT by ChicagoConservative27
Economists no longer expect inflation to come down as rapidly as they forecast earlier this year.
The median expected rate of inflation moved up to 4.2 percent in 2023, higher than the forecast of 3.9 percent the survey predicted in February, the National Association for Business Economics survey found.
That is more than twice the Fed’s target inflation rate of two percent. The Fed raised its interest rate target rapidly last year in an effort to bring down inflation.
(Excerpt) Read more at breitbart.com ...
Didn’t Janet Yellen say inflation was transitory, and that inflation was coming down?
And what about James Taylor singing at the White House party to celebrate the Inflation Reduction Act? Inflation surely has to be reduced based on that law...........
Inflation rate by year.
Trump Presidency
2017 2.1
2018 2.4
2019 1.8
2020 1.2
Brandon Presidency
2021 4.7
2022 8.0
2023 5.8 (Through May)
Un-possible, the turnip and the commies passed the “inflation reduction Act”. There’s no possible way we have inflation.
Unexpected! Let’s Go, Brandon!
*DRINK* If you can AFFORD to...
God Bless President In Exile Trump!
But, Deep State & the FECKLESS ‘republicans’ wanted him gone. Too much success and happiness and upward mobility for the Unwashed Masses, INCLUDING those pesky ‘people of color’ they rely on for votes.
They NEED, ‘We The People’ cold, miserable and starving, living on the side of the road in our inoperable electric cars.
Jerks.
More like 11.
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