Posted on 10/02/2021 8:15:30 PM PDT by BenLurkin
The price index tracking consumer spending — the PCE price index — was up 4.3% over the 12 months ending in August. That was a faster pace than July's 4.2%. Inflation continued to run at the fastest pace since January 1991.
The PCE inflation gauge is one of many, and they're not all pointing in the same direction: The consumer price inflation index came off a 13-year high in August, for example. But the PCE index is the Federal Reserve's preferred measure of inflation.
Although prices rose sharply, American incomes increased at only a modest pace, up 0.2% or $35.5 billion from the pior month in August. Disposable income was up by even less -- just 0.1% or $18.8 billion.
(Excerpt) Read more at us.cnn.com ...
So, Since the dollar is shrinking, all US Stock markets should rise because it takes more dollars to purchase a share of any given stock ?
I think that’s been going on for a while now.
So?
So if you agree then you might want to keep your money in the stock market, instead of the bank or govt bonds ?
“So if you agree then you might want to keep your money in the stock market, instead of the bank or govt bonds ?”
I just stay invested in good stocks for the long term while spending the dividends!
(retired since 2011)
Jimmy Carter redux?
Inflation is going to become the highest it has been since the First Republican-Democrat War. Around 30% per year. Turn your money into something real while it is still good.
30-year inflation high and climbing for the next 3 years tax and spend is not governing.
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