All eyes on new inflation report as prices rise l GMA



Rebecca Jarvis reports on the latest inflation data and what it signals about the health of the U.S. economy.
READ MORE: https://abcn.ws/3yvcCqP

#ABCNews #Inflation #CPI #USEconomy #InflationReport

Original source (ABC/Youtube)

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26 comments

  1. Fake news. Stop blaming it on the war in Ukraine and Covid, our current administration don’t know what in the hell they are doing

  2. Biden: we will destroy Russia's economy
    Russian economy: ↗️
    American economy: ↘️

  3. Russia won… Dumb Biden loses

  4. Biden still has 3 years to mess up whatever he touches.

  5. On March 27, 2020 Trump signed the $3.8 Trillion Corona Virus Aid and Relief Economic Security (Act). The C.A.R.E.S. Act. All of it was unearned printed paper or fiat money. President Biden signed the $1.9 Trillion Economic Recovery Stimulus Act in 2021. Again, all was unearned printed paper fiat money. And lets not forget that both Republicans and Democrats in Congress both approved these bills before that were signed into law. A total of $5.7 Trillion of unearned and unborrowed fiat money, in a year, pumped into the economy to get the US trough the worst of the pandemic. So… Trump is responsible for approximately 2/3’s of our current inflation, and Biden approximately 1/3’d.

    All the non fiat money price increase occurring since then are the result of supply and demand issues mostly, but not entirely, brought on by the Covid pandemic. The lack of smooth predictable distribution of goods due to the truck driver shortage (long in the making before the pandemic) are supply and demand related, NOT inflation related. Separate Inflation, the devaluation of each dollar by printing more unearned dollars, from price increases due to supply and demand.

    Also, the current invasion of Ukraine by Russia (Russia being the largest producer of oil in the world) and related possible sanctions of Russia, are responsible for the some of the increase in gas pump prices. Since Russia invaded Ukraine we can expect $5+ gasoline until the Ukrainians patriots prevail, which is looking probable.

    Additionally. The Federal Reserve is raising interest rates to blunt inflation. Historically, a 5% Prime Rate is a sign of a healthy economy. A 0% or 1% Prime Rate is a sign of a sick economy.

    Freedom isn’t free now is it?

  6. If you didnt vote for Trump you voted for this.

  7. It's because the war idiots !! Russia messed everything up.

  8. The price of gas will go down in America if American gas executives and their families were targeted by MAGAT Fox TV/Facebook followers.

    44 Americans are shot by other Americans each day so who would notice?

  9. Nice job Democrats. Things are so much better living in poverty.

  10. Hope you’re happy liberals👍

  11. I would like to know when the mainstream media is going to quit lying about the inflation rate I don't know where the hell you're getting 8.3% why don't you come out here and buy some groceries and buy some fuel and you'll know it's more than a 8.3%, for God sakes quit lying to the American people.

  12. I don’t think the public fully understand the compounding affects of these reports. We’re in for a tough few years.

  13. Bidenflation. Democratic policies are a disaster!

  14. My. Neighbor is pissed..
    She's claiming my dog got her Great Dane pregnant..
    How could it.
    My dog is a chihuahua.

  15. As seven years working security, all other retailers should tighten their security guards bringing down theft, shoplifting, vandalism, and unmanageable customers. During first wave pandemic struck, many people were stealing and gasoline from their cars sitting in parking lots.

  16. Ok boys and girls …altogether now say… LETS GO BRANDON !!!!!!

  17. Joe laughing to the bank as he sends 40 billion to ukraine. Get more immigrants in to leech of social welfare yo, remember Joe can send 40 Bil to another country and counting but cant spend 5 million to bolster your own country's border. Have fun taking care of other countries before your own citizens. 10% to the big guy. Hunter enjoyed his energy sector gains in Ukraine.

  18. 77% of registered voters say government corruption is the most serious issue facing our nation.

  19. Rich people don't care , just take a stroll on 5th Ave and see how much luxury items they are buying, luxury stores are booming from this inflation.

  20. Thank goodness out government says it’s transitory 🤥

  21. I love hearing from all the expert economists who think Biden is the problem but offer no solution

  22. The real inflation rate, is roughly double that of government statistics. Today, that figure is 16.6% inflation, year over year. That, also, indicates that the Federal Reserve discount rate, today, should be 16.6% in order to bring inflation down to the overall 2% target rate.

  23. REMEMBER WHEN THESE FAKE NEWS OUTLETS CLAIMED INFLATION WASNT A BIG DEAL & WAS GOING TOP CORRECT ITSSELF? Trillions of $$ & American Citizens got less than 1% of this money & now you are giving it all back & then some due to inflation. If you took out a big home mortgage in the last 2 years or obtained new lines of credit that you can not pay off now you need to get serious and make a plan for deflation. The worst thing about all this is the American Citizen will pay for all the trillions of dollars handed out to promote political agendas.

  24. Pour combattre l'inflation galopante la BCE doit mettre son taux directeur à 6% au lieu de 0% à ce jour. En outre la BCE doit réduire son bilan de 1000 milliards d'euros par an. Sans Attente.

  25. Brandon worse than carter or osama