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  • Strong US Consumers Continue to Drive Hot Inflation, Cementing a Fed Hike Next Week

    From scotiabank.com

    Core inflation surprised higher and dominated GDP in terms of market attention as the yield on the 2-year Treasury climbed by 9bps and pricing for next Wednesday’s FOMC meeting inched closer to a full quarter point and terminal rate pricing moved up 3–4bps to price part of another quarter point hike at the June meeting. The S&P is shaking it off with a gain of 0.8% so far this morning as earnings and the consumer’s resilience are mattering more. GDP did indeed surprise lower, but not at all for the reasons that were the subject of much speculation over the last couple of days or so. Core PCE inflation ... (full story)

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  • Apr 27, 2023 9:51pm Apr 27, 2023 9:51pm
  •  traderathome
  • Joined Mar 2008 | Status: PVSRA with Traderathome | 1595 Comments
"Strong US Consumers Continue to Drive Hot Inflation....." This is a LIE!

The rich do not consume enough to float a country's economy. it is the vast majority of average and poor folks that do! And they are HURTING, due to prices raised by the fat cats running the corporations and due to the low wages allowed by laws passed with the help of corporate "money lubricants" to members of Congress!

The LIE here is that it is the corporations that simply jacked up prices when there was no need to do so (ref: 36.5 billion dollar profit of Chevron for 2022....largest in their history....due to the "necessity" to raise prices due to COVID, etc., etc., etc.). There was no need to raise prices.......obviously!

The corporations simply used COVID to scam consumers! And they continue to hold up their prices to continue this scam! THEY have created ARTIFICIAL INFLATION so they can increase their bonuses and other pay packages to the CORPORATE FAT that sit on their asses while others do all the REAL WORK!

THIS is the cause of the "Hot inflation". It is the greedy corporate FAT CATS' needlessly raising prices and the failure of CONGRESS members, swimming in corporate "money lubricants" to order the prices BACK DOWN!

And it is a shame....but should be totally expected....that such egregious lying as is the "Come On" title of this article, should be concocted by a bank! Especially since higher interest rates promoted by inflation caused by the greed of the CORPORATE FAT beget extra profits for the greedy BANKS' CORPORATE FAT!!!!!!!!!

May God save us all from the greedy elite, their corporations (including the banks), and their congressional wannabees!
 
 
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  • Posted: Apr 27, 2023 8:49pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 1  /  Views: 2,184
  • Linked events:
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