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)
  • Trump Announces Vietnam Trade Deal - July 2, 2025
  • Naturalized Criminals Set to Lose American Citizenship - July 1, 2025
  • NYC’s Mamdani: The More You Know, the Worse It Gets - June 30, 2025

Dick Young’s Must Reads

  • Rich States, Poor States this State is Dominant Once Again
  • Key West’s Best Burger
  • The Fed – “Independent” and “Non Political” – Joins The Resistance
  • Are You Still with Vanguard, and Are You Concerned?
  • How Will YOU Feel in Retirement? Let Me Explain
  • The Biden Cabal Wants to Stop the Use of Clean, Safe, Domestic Natural Gas
  • Your Sheriff Is Your Friend
  • Is It All Coming Apart in the Government’s Face?
  • You Want the Limo, Not the Public Bus
  • Set Sail with Stocks

Our Most Popular Posts

  • Just Don’t Call It “Obliterated”
  • What Is Tim Walz's Connection to China?
  • A True America First Foreign Policy
  • "Surrounded by an Armed Country"
  • NYC's Mamdani: The More You Know, the Worse It Gets
  • China’s Silent Strike: Weapon Targets Electrical Infrastructure
  • Naturalized Criminals Set to Lose American Citizenship
  • The Ugliness of Political Warfare
  • Survive and Thrive June 2025: The Lay of the Land: Who Can You Trust?
  • Every Family Should Own at Least One Shotgun: Here Are Three

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

RSS Youngresearch.com

  • Happy Independence Day!
  • Survival Guy: An All-Weather Balanced Portfolio
  • A Bazooka Fired at Private Equity
  • US Trade Deficit Widens in May
  • Job Gains Light Up the Labor Market
  • U.S. Eases Chip Software Restrictions, Boosting Tech Trade with China
  • NYC, Crypto, ESG, the Haves and the Have-Yachts
  • Trump Announces Vietnam Trade Deal
  • Nuclear Surpasses Coal in U.S. Energy Mix for the First Time
  • Grand Theft Cargo: California’s Cargo Thefts Thrive

RSS Yoursurvivalguy.com

  • Happy Independence Day!
  • Survival Guy: An All-Weather Balanced Portfolio
  • A Bazooka Fired at Private Equity
  • NYC, Crypto, ESG, the Haves and the Have-Yachts
  • “Behind Every Blade of Grass”
  • Beware the ‘Democratization’ of Investing
  • Survive and Thrive June 2025: The Lay of the Land: Who Can You Trust?
  • Dividends: “Because It Works”
  • “Surrounded by an Armed Country”
  • Every Family Should Own at Least One Shotgun: Here Are Three

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