In case you’ve been under a rock for the past 18 months, America is currently experiencing a very real problem with inflation.
Normal Americans are finding it harder and harder to pay for their groceries or their gasoline, and one man is at fault: Joe Biden.
He’ll say he’s not. He’ll try to blame Ukraine or COVID or Trump or whatever, but the man is lying.
Joe Biden’s horrible policies that are causing inflation to skyrocket are impacting not just only the little people like us, but the entire world economy.
The increase in the pace of inflation during June has sent expectations for another rate hike at the end of the month into warp speed.
As recently as Tuesday, the market was pricing in a 92 percent chance of a 75 basis point hike. One week ago, prices implied a zero percent change of a 100 basis point hike.
A basis point is one-hundredth of a percentage point. So a 75 basis point hike indicates a 2/3 of a percentage point increase and a 100 basis point hike indicates a hike of one percentage point.
A lot of that seems pretty complicated, but I can boil it down to two simple words for you: NOT GOOD.
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