July CPI

US CPI rose 0.2% in July from June and 2.7% over last July. This is well over the Fed’s target, which itself is well over price stability, on top of actual inflation being well over the CPI.

Three degrees of over, yet the Fed wants to ease in September. The President wants more inflation. Wall Street wants more inflation, and Silicon Valley wants more inflation. The average American can expect more fleecing.