US inflation woes: No sign of relief for millions of Americans | International News | WION

US Fed chair Chair Jerome Powell addressed annual central bankers gathering. He said taming inflation will inflict pain on Americans and Fed could keep lifting rates sharply for 'some time'.

#americans #usinflation #worldnews

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[instinctively_awesome]

The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse is near.

[krishkrish]

US gave 600 billion dollars as aid to Ukraine war, but no relief for US citizens. What an irony! This money would have helped their own people.

[shawnmarshall]

There's literally billions of us compared to a very small handful of these politicians. We could literally change everything if we just stand up against them.

[belfasta]

It's not inflation it's a war tax let's be truthful for a change

[Isendir]

The FED just declared to prepare for Stagflation lol

[davidhamtaro]

World Economy has already collapsed in 2020. Ww3 started with c19 but people still in denial.

[cloudyblaze]

With inflation running at a four-decade high, recession is now the ‘most likely outcome for the economy and I cannot imagine being a victim of inflation as I will be retiring in two years. A news article I read mentioned a 52 year old that made over $150k in 7weeks, how do I learn these strategies

[drunkenpumpkins]

There is inflation everywhere, not just in the US.

[David-nihj]

1. Cut Taxes
2. Cut Gov Spending
3. Cut Regulations

It's that fucking simple.

[johnwi-l_l-iamsf]

See what putin can do, and they say putin is weak lol 😂🤣

[ianalan]

No, inflation is at 0 and we are helping Americans pay down their debts because we are so flush with cash. Didn’t you hear our President?!?!

[CaptainChaooooos]

How’s that covid overreaction treating everyone?

[housedog]

who is doing your research?? Mortgage rates in the US were upwards of 18 to 19% in the 1980's

[fredrickprice]

This doesn't surprise me at all, nothing they do will ever surprise me i expect the worse dealing with these politicians ...

[jamesrevell]

The Fed is hardly being aggressive with the rate hikes. 20% rate hikes overnight is aggressive. Less than 1% in a year is nothing.

[markhirstwood]

Rates go up, inflation goes down, debt crushes most, housing loses 95% of its value, sudden crash down into deflationary Greater Depression.

[jw]

We can pay for all deadbeats education too.

[razial]

so basically people will get canned from work and living cost will keep going up.
Thank You Democrats!

[Tinyunivers]

It's not the highest since 1980 what do you mean?

[svengrot]

Worldwide inflation. Looming food crisis . Global currencies are in decline while all institutions are predicting recession to be brutal.. I'm concerned for the future in all aspects of where we all going, in this breath finances. Anyone got any pointer(s) on how to stay afloat? I'm thinking about investing for the first time in the capital-market but how can i achieve all that given that the market has being a mess most of the year