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Open original source ↗Anyone been predicting this for 67 months?
Almost 6 years and people still in denial… 🙄 https://t.co/VRBpJSotvY
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It's official. US CPI inflation has now been above the Fed's 2% target for 67 consecutive months. The last time inflation was below 2% in the US was in January 2021, amid a global economic lockdown. Over this period, the value of the US Dollar has declined by -22.5%. In other words, it now costs $129 to purchase the same goods and services that cost $100 in 2021. Compounding inflation has become the new norm in the US. Asset owners are the only winners.
KobeissiLetter ↗