US Inflation Rate Goes Negative

@Cliff-Mashburn said
Brag it up all you want, but four years ago my wife and I were comfortable, living on a fixed retirement income.
I now have to work and make at least 300 dollars a week to make ends meet.
Thanks to Joe and the democrat party.

Well you'll be ecstatic when Trump cuts off government "spending" on Social Security then.

@Cliff-Mashburn said
Blah blah blah all you want, but somehow you claim that things suck now because it's all Trumps's fault and Biden/Dems are blameless. It's like a mental illness with you people.

You need to stop buying all that avocado toast.

https://www.theguardian.com/lifeandstyle/2017/may/15/australian-millionaire-millennials-avocado-toast-house

@no1marauder said
That's right:

"US consumer prices fell in June for the first time since the early months of the pandemic. Fresh data Thursday revealed that consumer prices dropped 0.1% from May. On an annual basis, inflation eased to 3% last month from 3.3% in May."

https://www.msn.com/en-us/money/markets/a-big-change-could-come-to-the-us-economy-in-september/ar-BB1pRT9t?ocid=msedg ...[text shortened]... than a year. https://www.bls.gov/news.release/empsit.nr0.htm

Pretty rosy economic news, ain't it?

That was accomplished by raising interest rates which increased the cost of borrowing.
What happens when people either stop borrowing or pay more in interest rates?

This is a scam. Congress authorized the Fed reserve system to create money from nothing so government could spend it. That caused inflation and the FRS and congress knew that. Then the FRS said they had to fight the inflation they created by increasing the money supply.

Now you get screwed both ways. You spend and you get screwed and if you borrow you get screwed too. SCAM!
The FRS fought what they created. What they DELIBERATELY created. They are fighting to screw you both ways.