US inflation jumps to 31-year high amid global supply chain crisis

Re:US inflation jumps to 31-year high amid global supply cha... by IAmWorried on Wednesday November 10, 2021 @01:54PM (#29178777)

I don't exactly think people were very happy about it either. I mean look, I'm 24 years old and I don't own any of these assets. At the rate things are going now, I probably never will own these assets.

The best thing that could happen for me is major deflation. But it is too politically unpopular, I bet it will be years before we get a fed chairman who has the spine to raise rates. So I'm reduced to angrily complaining online and shaking my fist at the sky while our rulers at the fed prop up boomers and leave my generation out to dry.

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Re:US inflation jumps to 31-year high amid global supply cha... by wbsss4412 on Wednesday November 10, 2021 @02:22PM (#29179253)

The fed _was_ raising rates pre pandemic, it got detailed by Covid.

I would confidently bet money that they raise rates in 2022.

At the end of the day, the fed has to take its queues from the fiscal policy that’s in place. This time around is very very different from 08.

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