October CPI a bit lower than expected.

The federal government has released its Consumer Price Index (CPI) data for the month of October, 2022, drawing comments from economic observers. The CPI for October declined somewhat, but not by much. According to Mike "Inflation Trader" Ashton, the "chance of more-lasting inflation just went up a lot."

Ashton reasons that, in the wake of the recent mid-term elections, Congress will likely continue to spend money just as it has in the last three years. He seems to imply (but does not actually state) that this fiscal policy shall induce the Federal Reserve Bank to buy US Treasury bonds and Treasury bills just as it has in recent years, effectively increasing the M2 money supply.

Other commenters included these:

Stay Informed

When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them.

Trump versus Biden -- which of them is responsible...
Federal Reserve official makes foolish prediction.

Related Posts



No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Saturday, 23 September 2023