Incendiary Inflation
Forwarded this email? Subscribe here for more Incendiary Inflation Donald Trump just lit the world economy on fire MeidasTouch Network Apr 20 ∙ Preview By Max from UNFTR 3.3%. That’s where inflation stands after the Bureau of Labor Statistics released the March CPI report. Highest in two years. Hottest single-month jump in four years. Gasoline rose twenty-one percent in one month. But the scariest part is what the inflation figures mean going forward. Let’s go back. When Joe Biden took office in January 2021, the post-COVID inflation wave was just beginning. By June 2022, CPI had surged to 9.1 percent — the highest reading since November 1981. Forty-year high. The Fed, under Jerome Powell, responded with the most aggressive rate-hiking cycle in a generation — taking rates from near zero all the way to 5.25 percent. There’s a camp out there that claims this medicine worked, a mild nod to the Volcker strategy of yesteryear. Others say that the COVID inflation spik...