CPI May Hit 4% Before Falling To 3%
With the price of oil climbing to its highest point since the end of October and with the Spring/Summer outdoor cooking season coming - meaning “food at home” prices are going higher - CPI could very well hit 4% before falling to 3% - especially if the BLS does not change the weightings of various items as it likes to do in an effort to massage CPI readings downward.
The Biden Administration’s unwillingness to take action against the Houthis (an Iran proxy) is only driving up the cost of goods as the Houthis muddy strategic shipping lanes. Poor monetary policy. Poor fiscal policy. Poor foreign policy…
