Inflation climbs higher than expected in June as price index rises 5.4%

Re:Inflation climbs higher than expected in June as price in... by nodesocket on Tuesday July 13, 2021 @10:19AM (#27821301)

> Cutting stimulus or raising interest rates won't make this go away

I am going to disagree. The last round of stimulus by Biden the $1.9 trillion was completely unneeded and not smart. It really tipped the inflation scales. It was a political gesture as Biden wanted to appeal to his base early, but economically and financially a very poor decision and what may end up going down as the smoking gun.

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Re:Inflation climbs higher than expected in June as price in... by doomslice on Tuesday July 13, 2021 @10:29AM (#27821415)

Unneeded except by the people that you know... needed it.

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Re:Inflation climbs higher than expected in June as price in... by nodesocket on Tuesday July 13, 2021 @10:40AM (#27821535)

A purely emotional justification is not correct without looking at the data, economics, and financial health. You are the exact type of person it was intended to appease.

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Re:Inflation climbs higher than expected in June as price in... by doomslice on Tuesday July 13, 2021 @07:12PM (#27827369)

Point taken.

Your statement is equally factually unsupported and I have apparently taken the bait.

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Re:Inflation climbs higher than expected in June as price in... by Beaver117 on Tuesday July 13, 2021 @10:44AM (#27821590)

But only a small amount of that $1.9T goes to people who need it.

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