The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.3 percent in June on a seasonally adjusted basis after rising 1.0 percent in May, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 9.1 percent before seasonal adjustment.

It keeps going up. People were talking about peak inflation back in May. Lol.

  • cawsby [he/him]
    ·
    2 years ago

    The fed can cool inflation lickety-split with a ~2% rate hike. This might crash the stock market by 10-15% though.

    So they are going to half ass us into a long run recession.