[Rainger99]

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.

[frose]

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

[Stu from NYC]

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

[Two Bills]

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!

[retiredguy123]

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

[dewilson58]

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

[Caymus]

Originally Posted by dewilson58

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

Some of them spent $20,000

[Tvflguy]

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.

[Michael G.]

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

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

[tophcfa]

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.

[Michael G.]

Originally Posted by tophcfa

Oil/gas comes back down, everything else stays up.

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?

[ThirdOfFive]

Originally Posted by Michael G.

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?

[Kenswing]

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

[dewilson58]

Originally Posted by Kenswing

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

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

[Babubhat]

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