This report is all but meaningless. I fully expect the inflation level to increase in the coming months, despite the interest rate increases to date, and the increases yet to come. The COLA increase that will come from July, August and September numbers will be close to the number for 2022. That means inflation will get worse again, despite what the FED has done. Soft landing my *ss, more like 2nd crash landing. I think more in terms of an airplane crashing the ground, bouncing up and crashing hard on the ground again. That is 2023 in a nutshell.
And when the market comes plummeting downward, Americans will not be happy people. They will lose trillions of wealth, and it will not bounce back like it did when Trump was POTUS. It is the 2000-2010 decade all over again, where expectations were very high, but Bush did everything he could to kill the market. Biden is a far worse POTUS with his dead from the neck up policies. The harsh reality will come when gas starts climbing back up again, and this time, there will be no relief from the national fuel storage.
And worst yet, just wait for food shortages across the board. That day is coming. I expect shelves to be bare at some point in the not too distant future. Over the last few weeks, Americans have frozen to death in their homes because of no electric. That is courtesy Biden & Co. People will starve to death in the next year or two. Count on it. People will be killing each other over crumbs. Dark days ahead. Be prepared.
