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by confoundedinterest17
Here comes the night!
The US economy us approaching recession as inflation soars and expected growth declines.
Food and energy prices are soaring, hitting middle class and low-wage households like a hammer. While the headline inflation rate is 8.3% YoY, food is up 63% under Biden and gasoline is up 92%.
The 10-year Treasury note yield is down today, which bodes well for 30-year mortgage rates.
The Dow, S&P 500 and NASDAQ are all down over -1% today.
See also Inflation Fightin’ Fed? Fed Can’t Fight Food And Energy Inflation, But They Can Crash The Housing Market (To Tame Total Inflation, Fed Would Have To Raise Rates To 21.38%!)
Baby please don’t go! Down the economic drain.
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See also UK wage growth soars but still falls in real terms
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