Posted on 02/13/2024 8:09:05 AM PST by davikkm
Just as confidence grew that inflation was tamed, it rears its head again, sending shockwaves through the markets. The Dow Jones takes a nosedive of more than 400 points following January's inflation report, which significantly surpassed expectations.
Economists find themselves puzzled as both Core CPI and headline CPI register higher than anticipated for the second consecutive month. The unsettling reality extends beyond these headline figures, with inflation soaring in essential areas:
Car Insurance Inflation: 20.6% Transportation Inflation: 9.5% Hospital Services Inflation: 6.7% Car Repair Inflation: 6.5% Homeowner Inflation: 6.2% Rent Inflation: 6.1% Food Away From Home Inflation: 5.1%
(Excerpt) Read more at citizenwatchreport.com ...
Stock market is all computer trading now…you will get wild swings …
I took all my money out of my 493b at the end of 2023. It’s going to be brutal this year.
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