Prices in the U.S. Are Rising at the Fastest Pace in Years | Officials at the central bank have embraced the possibility of higher interest rates to get resurgent inflation under control.

silence7@slrpnk.net · 4 days ago

Prices in the U.S. Are Rising at the Fastest Pace in Years | Officials at the central bank have embraced the possibility of higher interest rates to get resurgent inflation under control.

gravitas_deficiency@sh.itjust.works · 3 days ago

Tbh I wouldn’t be super shocked if Powell ends up just being the shadow-governor emeritus, and fucks with orangeboi’s plans to quickly irreparably nuke the economy.

I still expect the regime to irreparably nuke the economy, as well as the long-term strength of the USD, which may actually end up with the US venturing into insolvency if the world turns away from the USD standard - and it’s looking like the world may ultimately be headed in that direction.

N0t_5ure@lemmy.world · 3 days ago

The exodus from the dollar is already well underway. There is a reason gold has been on an epic bull run, as central banks have largely been the driver. Gold holdings now exceed U.S. bond holdings by foreign central banks. Moreover, the U.S. insolvency is already barrelling down the tracks at us. I think there is a high probability that the shit hits the fan in the fall. We’re living in interesting times…

Prices in the U.S. Are Rising at the Fastest Pace in Years | Officials at the central bank have embraced the possibility of higher interest rates to get resurgent inflation under control.

Prices in the U.S. Are Rising at the Fastest Pace in Years | Officials at the central bank have embraced the possibility of higher interest rates to get resurgent inflation under control.

nytimes.com