What is the Fed doing to our money? Joseph Solis-Mullen breaks down the bankers’ latest announcement.
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What is the Fed doing to our money? Joseph Solis-Mullen breaks down the bankers’ latest announcement.
"The Fed, faced with political pressure and an economy that, despite the glowing reports, is limping along on an increasingly shaky foundation, had no choice but to ease up."
Glowing reports of our economy?
Who has their head in the sand that much?
I have no idea who's buying that. Even my wife's family laugh at the media's attempts to hype up the economy.
Me either.
A coworker talked about how his vehicle is too large for the gas prices.
I havent heard that tale in a long time.
Maybe they will start moving towards smaller cars again instead of SUVs.
Maybe, which is fine with me, but I'd rather the Fed stop inflating away everyone's purchasing power.
Yes.
Inflation wasnt as high before, but I seem to remember gas prices being 5$ a gallon.
There were higher prices at some points when oil supply has been disrupted or when demand spiked.
Is that what it was?
Was supply really disrupted?
Was that during the Iraq war?
The wars in Ukraine and Palestine have both caused supply disruptions in oil shipments.
Before that, there was a huge spike in demand caused by Europe badly overestimating what their renewable energy output would be.