Fed expected to make an announcment at 2 PM ET

[Taratova]

Originally Posted by workingclasshero

wow...phony numbers from the government

my utility bills have increase
my medical bills have increase...my insurance(government insurance) premium this jan went up 28%
my food prices(grocery AND resturant) have increased
my clothing prices have increase

prices on nearly everything (except home sales) have gone up 5-15% this past year, yet the government figure is only 1-2%....


inflation has been near 15% for the last 3 years

look at the prices in the stores

have you benn to the store

prices are going up, and up

coffee is double what it was just 5 years ago in 2008

coffee up

sugar up

cotton up

corn up

all other vegitable up

all meats up

almost everything us up



REAL INFALTION IS CURRENTLY ABOUT 10-15% or more...unfortuantely the government(from either party) doesnt give us the REAL numbers



it certainly is for every working class person or old person

you think that your utility cost being up is not inlation???

you think your medical/pharm costs being up is not inflation???

you think your clothing costs being up is not inflation???

you think your housing (rent and rela taxes) being up is not inflation???


you think food costs going up is not inflation???

you think building supply costs (ie home depot) being UP is not inflation???


almost EVERYTHING we use has gone up by at least 10% to in some cases 30% in the last 3 years...and you are going to tell me inflation is "only 2% or less"



have you been to the store???...have you SEEN THE PRICES???? milk is nearly $4 a gallon...meats have gone though the roof...in 2004 a 3lb can of coffee was about $3...today its a 2.2lb can of coffee and its $10...over a 300% increase in less than 10 years

sorry you are too blind to see

you certainly do prove that the sheeple are out there for the slaughter

so are you going to tell me YOU BELIEVE the government TELLING YOU that inflation is at 0-3% when PRICES in nearly everything have risen 10-20% or more????


the 'inflation rate' is not REAL INFLATION (ie COST inflation) that real americans (and seniors) feel with almost everything we buy

costs are going up on almost everything..especially food (which is NOT counted in the 'inflation rate')


Junk fish called Tauplia which was selling in 2008 for 1.28 a pound is now over 5.00 a pound...Catfish that averaged between 3.49 and 3.99 at 6.00 plus.... Not just one store, they are all similar in price. Paper towels are highway robbery.....deli ham/turkey which I used to get for 2-4 a pound...now 6-9 a pound


last Thanksgiving,,Sweet potatoes they were 49 cent/pound...now $1.79/pound

breyers icecream HALF GALLON, was (2008) 2for 5...now its 1.5 quarts and its 4/each

Even cooking oil 48 fl oz... went from $2.99 (reg. p about 6 months ago) to $3.69 (sale)... from $4.29 (reg. price).

All those food stamps going out keep food prices high.. when it is free they buy whatever price it is. Milk will have many buyers when it is free on foodstamps.. illegals are here with anchor babies keeping the milk prices high.. those who have to pay for it feel the pain.

[pknopp]

It looks like banks might have rigged another huge market

http://finance.yahoo.com/news/looks-...151523040.html

[pknopp]

The markets were expecting a rate bump and were fully prepared for one and it seems even they were surprised. Financing cheap debt is the #1 job of the Fed right now it would seem.

News from The Associated Press

As I said, the negativity this provides is bad for the economy.

[2e1m5a]

Originally Posted by MTAtech

Why? Was there high inflation? Was the economy overheating? If not, there was no reason to raise rates.

The Fed stated weakness in the global economy as a reason for not raising rates, not that it "wasn't overheating". LOL-how Orwellian can you get?

[whogo]

Our real problem is fiscal policies, not monetary policy.