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Isn't this a brute force way to fight inflation? I certainly don't believe that inflation is around 3%. My feel for it is around 9-10%. I assume the Fed is also
by oarla 3y ago
Isn't this a brute force way to fight inflation? I certainly don't believe that inflation is around 3%. My feel for it is around 9-10%. I assume the Fed is also aware of it and hence they are trying to reduce supply of money to curb the rate of inflation.
- ffgjgf1 3y ago> inflation is around 3%. My feel for it is around 9-10% Why do you think that’s the case?
- oarla 3y agoBecause my grocery bills, utility bills and monthly expenses for normal living are up ~10% from 2020. I live in a MCOL city.
- ffgjgf1 3y ago> 2020 Right.. yet it’s 2024 as far as I’m aware and inflation is tracked on a rolling 12 month basis. If it was only 10% during those 3 years, it’s approximately 3.2% per year which is close enough (of course the official inflation was actually much higher than your’e implying..)
- abart13 3y agoIsn’t that an annualised rate of ~3% per year since 2020 then?