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Fed Loses Control As Consumers Now Expect 10% Inflation For Key Staples

by Zero Hedge
December 13, 2021
in Finance
Fed Loses Control As Consumers Now Expect 10% Inflation For Key Staples

Another month, another record high in consumer inflation expectations.

While central banks, tenured economists and the financial media are doing everything in their propaganda power to convince ordinary Americans (who don’t have the privilege of charging their Federal Reserve debit card when shopping at the grocery store) that the current phase of galloping inflation – to avoid the far more dreaded ” h ” word – is merely transitory and is in fact, good for them as the following clown claimed overnight… Aside from priorities, is this even true? Is there any good reason to believe that inflation hits low-income […]

Read the rest of this story here: www.zerohedge.com

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