The CNBC clip two clips down has detailed info on inflation.
MSNBC Reports: “Inflation Eats Thanksgiving Dinner” This Year
When Will Inflation Finally End?
When will soaring inflation finally come to an end? Economists weigh what’s ahead and provide their valuable insights into what’s in store for 2023. It’s the question on the minds of market watchers, economists and consumers alike: When will sky-high prices fall back down to Earth? There are hints that the worst of the U.S.’s bout with inflation may be in the past. Still, some experts are concerned that the historic pace of interest rate hikes from the Fed, aimed at cooling down the hot economy, could spur a recession once the dust settles. “It’s probably going to be lower next year. How much lower is it? We’re not quite sure. Inflation can be very hard to predict,” Kevin Kliesen, business economist and research officer at the Federal Reserve Bank of St. Louis, told CNBC in an interview. Watch the video above to find out when experts think high inflation could finally come to an end, and whether the U.S. will need to enter a recession to get there.
Inflation will come down as we get into recession: Former Fed governor
Former Federal Reserve governor Robert Heller provides insight on the Fed’s policies to combat inflation on ‘Kudlow.
- We are running out of diesel no matter what the complicit lying media fact checkers say. Speak to fuel companies and trucking companies. Their version is very different than the media’s. Also a looming railroad strike. Good luck with inflation and those Christmas presents. – John Cardillo
- Biden put out a “Thanksgiving Menu of Top Accomplishments” The first is “tackling inflation & lowering costs” We have a decades-long high in inflation, 6% above when he took office He also lists “Republicans in Congress are extreme” Accomplishments???? – Kayleigh McEnany – talking about Politico chart
- Two economists reported that Biden is cutting Medicare benefits in the Inflation Reduction Act, which cuts payments for prescription drugs. – Breitbart article