Without Glass-Steagall and Quantitative Easing (Overprinting Federal Reserve Zionist Dollar) Expect Extreme Inflation in Near Future!
U.S. Inflation Accelerates to Six-Year High, Eroding Wages –Bloomberg
“U.S. inflation accelerated in May to the fastest pace in more than six years, reinforcing the Federal Reserve’s outlook for gradual interest-rate hikes while eroding wage gains that remain relatively tepid despite an 18-year low in unemployment. The consumer price index rose 0.2 percent from the previous month and 2.8 percent from a year earlier, matching estimates, a Labor Department report showed Tuesday. The annual gain was the biggest since February 2012 and follows a 2.5 percent increase in April. The pickup in headline inflation partly reflects gains in fuel prices, though the annual gain in the core measure – seen by officials as a better gauge of underlying inflation trends – was the most since February 2017….A separate Labor Department report on Tuesday illustrated how higher prices are pinching wallets: average hourly wages, adjusted for inflation, were unchanged in May from a year earlier.”