Ep. 602 – Prices Up, Savings Down

The personal consumption expenditure (PCE), the Federal Reserve’s favored inflation metric, was published today and saw a 3.1 percent year-over-year increase. Markets were expecting a rise of 2.9 percent. The Fed remains committed to their narrative that inflation, if it should exist at all, will be transitory. The 3.1 percent figure is a level not seen since the 1990s. Also contained within the report was personal savings, which declined to 14.9 percent in April from 27.7 percent in the month of March. This is attributable to the absence of another stimulus check from the federal government. Now while the 14.9 percent savings rate is still high by historical standards, the reason it is so high to begin with is because of the massive spending and stimulus checks that have been sent out over the last year. This is highly unsustainable and these measures are the direct result of the inflationary policies that have been implemented by the Fed and the federal government. Higher prices and lowers savings is likely going to be a trend that continues unless the government sends more checks. But even then, prices will still move higher. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Inflation #Gold #Silver #FoodPrices #Housing #Protests #Riots #Revolutions #USA #Liberty #Debt #Leadership