Key Fed inflation gauge at 2.2% in August, lower than expected

[bucolic_frolic]

7. I can relate to that

ALDI was an eye-opener this week. Many items were up. Spices from .99 to 1.09. Fewer markdowns. But I will say grocers make their money in Q4 when people are buying for the holidays. Major grocer had the same meltups in prices. But super discounter (not Walmart) had some real bargains, which disappeared fast.

This is 1977 all over again. Fed unwilling to have recession, so cuts rates too early. Now we go for more inflation. Feds won't balance budget, so more deficits and borrowing. Prepare for more inflation. Each successive wave is somewhat bigger than the last.