Yesterday they said the Biden administration was planning a party today with “the big guy” coming out and touting the bill they claimed was tackling inflation already working to bring down inflation. They seemed sure with gasoline falling about ten percent that inflation would be down substantially this month. Remember last month they ran out and said “Inflation was “zero” this month while the year over year number was 8%. Today instead of going down, it went up to 8.3 % with food and housing going up.(anyone shopping knew that) . Dow futures had about a 750 point negative turnaround, from up 250 to to down 500. Party canceled, alibis begin.
www.cnbc.com
Inflation rose 0.1% in August even with sharp drop in gas prices
The consumer price index for August was expected to decrease 0.1% from the previous month and increase 8% from a year ago, according to Dow Jones.
