Proof Of Biden’s Red-Hot Inflation

We’re screwed.

Wholesale prices jumped an astounding 9.7% in January as strong consumer demand and pandemic-related supply chain issues contributed to even hotter inflation, something which has not been seen in decades.

According to Fox, the Labor Department alerted that their producer price index which measures inflation at the wholesale level before the product gets to Americans in stores soared 9.7% in January which is a very bad sign for the near future.

As a result of all this, the Federal Reserve is now expected to hike the interest rates in March by even more than what they initially predicted.

Mike Loewengart, managing director of investment strategy at E-Trade stated, “At this point it’s not a question of will they, won’t they – it’s a question of how many hikes we’ll see in 2022, and what the magnitude and pace will be. Given views on these aspects are all over the map at this point, there is a lot for the market to be uncertain about.”