confoundedinterest17
#bubble, #inflation, Economy, GDP, Gold, Inflation, Mortgage, Natural Gas, Powell, Silver, SPX, Stocks, Treasuries, Treasury, Uncategorized, Yellen
January 10, 2023
1 Minute
As we are painfully aware, inflation is still high at 7.1% Year-over-year (YoY). To cope with inflation, consumers have been gutting their savings and increasing their use of credit. In November, consumer credit increased 7.9% YoY while personal savings fell -64.8% YoY.
The good news? Inflation month-over-month is expected to be 0% tomorrow.
So, inflation will be gone in November?
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January 10, 2023