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With Inflation at 40-Year Highs, How De-Russianization Has Changed the Narrative

The Breakdown

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Inflation in the United States - The Biggest in 30 Years

By the end of last year, there had been a shift in tone. The discourse from the powers that b were all about how powell and the central bank had the tools to fight inflation. This was followed by faster tapering of bond purchases, as well as increased expectation of rate cuts. Wages continued their pattern of going up without being able to keep up with inflation. Inflation adjusted, average hourly wages dropped two point six %. this is their eleventh straight decrease and the largest total drop since last may.

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