Richardcyoung.com

  • Home
  • Debbie Young
  • Jimmy Buffett
  • Key West
  • Your Survival Guy
  • How We Are Different
  • Paris
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • The Swiss Way
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • Dick Young
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool
  • Anti-Gun Control
  • Anti-Digital Currency
  • Joel Salatin & Alfie Oakes
  • World Gold Mine Production
  • Fidelity & Wellington Since 1971
  • Hillsdale College
  • Babson College
  • Contact Us

BIDEN ECONOMY: Inflation Still Red Hot

October 12, 2022 By The Editors

By Sergey Nivens @ Shutterstock.com

After what looked like a respite, Producer Price Inflation has surged again, damping optimism in some corners that the Federal Reserve might slow down its rate cuts, or that Americans may see reduced prices. CNBC’s Jeff Cox reports:

Wholesale prices rose more than expected in September despite Federal Reserve efforts to control inflation, according to a report Wednesday from the Bureau of Labor Statistics.

The producer price index, a measure of prices that U.S. businesses get for the goods and services they produce, increased 0.4% for the month, compared with the Dow Jones estimate for a 0.2% gain. On a 12-month basis, PPI rose 8.5%, which was a slight deceleration from the 8.7% in August.

Excluding food, energy and trade services, the index increased 0.4% for the month and 5.6% from a year ago, the latter matching the August increase.

Food prices helped boost the increase in goods inflation, with a 1.2% monthly increase. Energy rose 0.7% after posting massive gains the previous two months.

Inflation has been the economy’s biggest issue over the past year as the cost of living is running near its highest level in more than 40 years.

The Fed has responded by raising rates five times this year for a total of 3 percentage points and is widely expected to implement a fourth consecutive 0.75 percentage point increase when it meets again in three weeks.

“Inflationary momentum has built up in the U.S. economy and will persist near-term, keeping the Fed hiking aggressively,” said Bill Adams, chief economist for Comerica Bank.

If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.

Related Posts

  • Biden IGNORES Annual Inflation
  • A Recipe for Inflation Shock
  • How Long Will Inflation Last?
  • RED WAVE COMING? Americans Fear the Future of Biden's Economy
  • Author
  • Recent Posts
The Editors
The Editors
The Editors
Latest posts by The Editors (see all)
  • Are California Politicians Abetting the Violence? - June 11, 2025
  • Democrats Slowly Realizing Transgender Campaign Was a Mistake - June 9, 2025
  • Memorial Day Remembrance - May 26, 2025

Dick Young’s Must Reads

  • Are You Looking for Investment Counsel? 2 Questions
  • TROJAN HORSE: “Diversity, Equity, and Inclusion” is Critical Race Theory in Disguise
  • Globalism Has Made America Dependent on Foreign Countries
  • TOP HEAVY: Focus on Big Indexing Could Cause Market Chaos
  • “Take Cover! Get Out of the Market!”
  • Tom Brady Is Proof You Shouldn’t Retire if You Still Love Your Work
  • Hey, Where’s Everyone Going? Follow the Money Kid
  • “Then One Day the Grandfather was Gone”
  • Why Investors Should Forget Prices and Focus on Income
  • Work to Make Money/Invest to Save Money

Our Most Popular Posts

  • Whoa, Hang on Here. There’s Trouble in Culver City
  • Is Salt Bad for You?
  • RON PAUL: Can Musk and Trump Reconcile?
  • Saving Western Civilization
  • $25 Million Down; $175 Million to Go
  • Graduating from Work to Retirement #19: A Teacher for Life
  • No More NSAIDS for Back Pain?
  • There Are Only Two Ways to Cut Entitlements
  • The Federal Reserve Finally Killed the Penny
  • Ukraine’s Attack Underlines Need for Trump-Style Border Control

Compensation was paid to utilize rankings. Click here to read full disclosure.

RSS Youngresearch.com

  • Graduating from Work to Retirement Special Bonus: God Only Knows
  • Graduating from Work to Retirement #20: Life in Reverse
  • US Inflation Eases to 0.1% in May
  • DOE Focuses on Nuclear and AI Innovation
  • Trump Delivers Lower Inflation and Rising Wages
  • Natural Gas Power Growth Slows, but Big Gains Possible by 2028
  • Graduating from Work to Retirement #19: A Teacher for Life
  • UK Picks Rolls-Royce to Build First Small Modular Reactors
  • Battery Metal Markets Struggle Amid Oversupply
  • Amazon Plans to Invest $20 billion in Pennsylvania Data Center

RSS Yoursurvivalguy.com

  • Graduating from Work to Retirement Special Bonus: God Only Knows
  • Private Equity: Moody’s Warns There’s Ample Cause for Concern
  • Your Survival Guy: Castle Hill, Newport
  • Graduating from Work to Retirement #20: Life in Reverse
  • America’s Silent Army with 423M Guns
  • Top 10 Reasons to Own an AR-15
  • Graduating from Work to Retirement #19: A Teacher for Life
  • Can Luxury Ride AI to Success?
  • Market Timing Could Be Hazardous to Your Portfolio
  • Graduating from Work to Retirement #18: Shelter from the Storm

US Treasury Yield Curve: My Favorite Investor Tool

My Key West Garden Office

Your Retirement Life: Traveling the Efficient Frontier

Live a Long Life

Your Survival Guy’s Mt. Rushmore of Investing Legends

“Then One Day the Grandfather was Gone”

Copyright © 2025 | Terms & Conditions | About Us | Dick Young | Archives