U.S. economy grew at a 2.8% pace in the second quarter, much more than expected
U.S. economy grew at a 2.8% pace in the second quarter, much more than expected
www.cnbc.com
U.S. economy grew at a 2.8% pace in the second quarter, much more than expected
So bread can go back to being $.99 a loaf, right?
No economy for poors, remember? We need to sacrifice so the best and brightest can afford another spaceship.
Income growth over the last few years has been the fastest for the poorest.
https://www.economist.com/united-states/2023/01/15/incomes-are-rising-in-america-especially-for-the-poorest
Prices will never go down. If they do, we're in big trouble.
What needs to happen is wage growth out pacing price inflation. Which is a tricky thing to do.
No, because then the GDP would go down since the bread that is produced is less "valuable".
Food inflation was only "1%"
Aka prices still went up lol
Rent seeker never lowers the rent... Because that would cut profit margin and we can't really boycott bread lol
1% (annualized) inflation on food is on the low end of good. It would still be a good number up to around 3%.