Reply to Inflation and price of goods - will prices go back down?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I am totally using my 1970s homemaking tips and tricks. Bring on the casserole, the hamburger helper, the sewing repairs, reusing plastic bags, cloth napkins, hand me downs, driveway car washes, covering schoolbooks with craft paper, turning of lights for rooms you’re not in, turning down the thermostat at night, putting on a sweater (hat tip Jimmy Carter), your own kids mowing the lawn, camping vacations, shifting into neutral when driving downhill to save fuel, at home birthday parties with cakes by mom, bring it on.[/quote]

Agreed, but we're already doing that (plus more) and we're still much worse off than we were in 2020. Pay raises haven't kept up with inflation. I'm so upset that Powell only raised rates 25 basis points today. It feels like this administration will do everything they can to stop interest rates rising because they spent a ton and [b]can't afford the higher interest on the debt.[/b] [/quote]

The lower increase was because of fear about impact on banks who hold long-term bonds that have been devalued by lower interest rates not anything to do about spending.

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