True Inflation May Have Peaked in Late 2022 Despite the U.S. stock market reaching all-time highs, the average American remains pessimistic, a situation that is seen as unhealthy for both the stock market and the economy. Critics argue that consumer pessimism is unwarranted, given the near 50-year low unemployment rates and significantly reduced inflation compared to two years ago. However, a new study challenges this view by suggesting that if inflation were accurately measured, it would reveal the extent of the financial strain on consumers. This study supports the notion if the CPI fully reflected higher borrowing costs, it would have peaked at 18% in November 2022 and still be around 8%. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Retirement Dreams Fade for Young Americans Amid Economic Challenges READ MORE Gold Inches Higher, Supported by Soft Dollar and Rising Middle East Tensions READ MORE Dollar Heads for Best Run in a Year as Fed Seen Delaying Cuts READ MORE Fed’s dovish pivot ‘inertia’ may spell trouble for long-term bonds, BlackRock says READ MORE Nine people facing charges over ‘largest gold heist in Canadian history’ READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
