New Price Spike Poses Challenge To White House

Moderators: Gamle-ged, Boadicea, uncledad

Forum rules
This is a heavily moderated forum. Should you see a post that is a one line zinger (not related to topic) or it becomes derailed (offshoots of a related topic are fine) or there is a post simply breaking the TOS, please notify a mod/admin and it will be removed.

Should you choose to set up a formatted political debate, do so as follows. Choose a topic and a poster with which to spar. Each poster takes a side. Each poster gets an opening, then a rebuttal, then a bit of back and forth. During that time ONLY the two posters are allowed in that thread.

When the debate is over, the general membership can comment and decide a winner.

Follow the guidelines listed below:

Each post has a minimum word requirement of 100 words. Check your count here: https://wordcounter.net

-No insults allowed at all

-ALL posts must have citations. If someone requests a citation you must provide. The source you decide to use is up to you.

-Low effort posts (copypastas, long quotes from articles (small quotes are fine for citations provided you have your own commentary, videos without your own commentary) will either be deleted or moved

Breaking any of these rules will result in you being temporarily muted from this forum section.
uncledad
Posts: 1818
Joined: August 29th, 2020, 9:44 pm
Has thanked: 548 times
Been thanked: 281 times

New Price Spike Poses Challenge To White House

Unread post by uncledad »

The Consumer Price Index climbed 5.4 percent in September from a year earlier, faster than its 5.3 percent increase through August and above economists’ forecasts. Monthly price gains also exceeded predictions, with the index rising 0.4 percent from August to September.

In a nod to how persistent the price increases are proving, the Social Security Administration said on Wednesday that benefits would increase 5.9 percent in 2022, the biggest boost in 40 years. The increase, known as a cost-of-living adjustment, is tied to rising inflation.

The reality that American households are paying more for dinner, fuel and housing is a major political problem for Mr. Biden. Voters could punish Democrats at the polls as wage gains, while decent, fail to fully cover higher costs.

The Fed’s September meeting minutes showed that “most participants saw inflation risks as weighted to the upside because of concerns that supply disruptions and labor shortages might last longer and might have larger or more persistent effects on prices and wages than they currently assumed.”

https://nyti.ms/3azRsdO
Post Reply