Inflation up 8.3% in August
 

Inflation is still high - it was 8.5% in July and it was 8.3% in August.

I saw one article that said if you exclude food and gas, inflation was "only" 6.3%. However, I don't know why you would exclude two items that are necessary to survive. Maybe you could exclude entertainment or travel - which are more discretionary spending than food and gas.

that means another 3/4 to 1% raise in the fed..

Interest rates will continue to rise and at some point housing prices will be down sharply

UK Inflation Rate is at 10.10%, compared to 9.40% last month.
Not doing so well here in UK.
Only upside for wife and I is, we have a goodly sum in a tax free Government Cash Bond linked to inflation rate.
Doing nicely thank you very much!

Interest rates are too low. They need to be raised faster.

Lots of "kids" ran out and spent $10,000............fueling demand, increasing prices.

:evil6:

Some of them spent $20,000

For those who may have spare money to invest, check into iBonds. Max is $10k per individual. 9.2% interest annually for next six months. Gvt re evaluates interest every six months. A solid investment and
way to safely park $10k per person with very good return.

Google I bond for details. Only individuals can purchase thru US Treasury Direct Website.

High interest return is finally showing come back and nice to see.

I just wish we could accumulate some interest without the taxes.

Oil/gas goes up, everything else goes up. Oil/gas comes back down, everything else stays up. It’s a very dangerous game playing with the price of oil/gas.

Yes I understand when oil/gas is high, so go the prices to do business, but were do the extra profits go after the drop in oil/gas?

Wife and I were shopping yesterday...saw 18 eggs selling for $3.50something or other. My comment: "eggs are coming DOWN in price!!"

Are the hens holding out for better prices?

The market sure didn’t care much for that data.

Emotion.......costly, but emotion.

Yet 16 minutes ago There was tweet saying how well things are going. No mention of the market crashing