Russell Price, chief economist at Ameriprise, expects inflation to peak at 7.1% in December and January, for example. After that, he expects the inflation rate to fall toward 4% by the summer and below 3% by the end of the year, but to stay above 2% through 2023.
The U.S. government will also potentially offer less aid to households in 2022, whether that’s through child tax credit payments or beefed-up unemployment benefits. That could also lead to fewer purchases by Americans, further lessening the pressure on inflation.A gallon of regular gasoline has fallen about 2.4% over the last month, to a little less than $3.35 per gallon on Friday, according to AAA.
Oil prices have dropped for a number of reasons. On one side, nations have made agreements to boost oil supplies. On the other, the omicron variant of the coronavirus dented expectations for demand on worries it would cause lockdowns and canceled travel. Benchmark U.S. crude oil has fallen nearly 15% since the start of November.
😂🤣🥲
I don’t know that it’s “inflation” so much as it’s price gouging.
'Painfully high' ? Anyone else remember the 80s? Interest rates in the teens for mortgages, everything expensive.
A real counter to inflation would be passing and enforcing consumer protection laws.
What a bunch of BS. The prices don’t come back down. Ever.
Where the heck do these people live? I filled up at $3.01 a gallon with 3% cash back today, Christmas presents 🎁 we got them all and didn't break the bank,mortgage,HOA,car,insur payments all the same.Gas maybe a bit higher but OPEC controls the price of oil NOT the USA. SHOCKER
It’s like economists never understand that gas pricing is cyclical. It’s always cheaper during the winter months. Then spring arrives and the cutover to summer formulas brings the cyclical price increase, on top of any inflationary pricing.
Let’s be clear what you mean by easing inflation. Prices have increased 6.8% yoy. If we have 0% inflation, prices will still be 6.8% higher over 2 years. I think we could see 5% inflation , meaning a 12% increase over 2 years. That is not improving
Insane riots in France
I just wanna say a big thank you to GregoryLisa55 I was nobody until a friend of mine introduced me into investing with you, Since then it's been nothing but financial 💰 Success for me. I will invite my friends and family into your company GregoryLisa55 you are the best💯
A bullshit post
Trump was always against higher interest rates, so I guess I'm for it?
;-)
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