Posted on 11/14/2024 11:08:35 AM PST by ChicagoConservative27
Democrats are suddenly much more worried about inflation and many now expect interest rates to climb over the next six months, according to a survey by YouGov for the Economist.
The survey taken between November 9th and 12th found that a 52 percent majority of Democrats believe inflation will be higher six months from now, 23 percent expect it will be the same, and nine percent say it will be lower.
That marks a dramatic swing from their pre-election expectations. At the end of October, in a survey taken between October 26th and the 29th, just 19 percent of Democrats expected higher inflation. Twenty-nine percent expected inflation to hold steady. Thirty-three percent said they expect a lower rate of inflation.
(Excerpt) Read more at breitbart.com ...
So the recent cuts were political?
“Trump’s fault” they’ll say.
I just bought gas for $3.19 - the lowest price I’ve seen in years. (Oregon)
Thanks Pedo-Joe and the Ho.
Yes, they were political. Second, China is having major economic problems which will affect the United States in about...6 months. Third, add on Trump's tariffs without addressing personal income taxes and people will experience pretty significant inflation. Fourth, there is a global liquidity crisis happening that no one is really paying any attention too. Trump didn't inherit anything good and he doesn't have a magic wand for the next 6-12 months. Praying he can captain this ship through what is looking like a hurricane in the gulf.
Feel pretty sure Trump is going to fire the Federal Reserve Chairman much like Andrew Jackson did with the Bank of the United States. It will go to the SCOTUS as the Fed chair says he can’t be fired.
The evil party will be on lightening speed to mess up the country as much as they can in the next couple months but it’ll be “Trump’s fault.”
Uh, duh. Of course. Just like the next round of increases are political.
Tariffs no longer rause prices. They exporters eat it. They need access to our market.
Not an economist but heard there are two ways to beat inflation.
The first one is raise interest rates, which hurts workers and companies.
The second is to slash government spending.
I’m all for giving FedGov the Javier Milei treatment.
They are wrong, but then they are usually wrong. When you decide your wishes have merit as predictions...it usually doesn’t work out very well.
“many now expect interest rates to climb over the next six months
So the recent cuts were political?”
No, many are often wrong when it comes to predicting interest rates. I’m with the people saying the overnight rate will be down to around 3% by year-end and the curve will not be inverted by then, but rather more normal.
The threat of Trump being elected made them fake the numbers. It’s all perfectly normal. In fact, the right thing to do.
If it weren’t so sad, it would be laughable. -NOW- Democrats are concerned about inflation and interest rates.
I figure they will be quick to blame one certain person...
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