Stars and stripes drive in11/2/2022 ![]() He has instead highlighted his administration's recent legislative accomplishments, including a law enacted last month that's intended to reduce pharmaceutical prices and fight climate change. In his speeches, Biden has generally stopped referring to the impact of inflation on family budgets. That is welcome news for American families, with more work still to do." In a statement Tuesday, the president said, "Overall, prices have been essentially flat in our country these last two months. It may already have contributed to slightly higher public approval ratings for Biden. Many economists generally agree, though they say that snarled supply chains, sharp pay increases and Russia's invasion of Ukraine have also been key factors in the inflation surge.Īt the same time, the drop in gas prices - for consumers, perhaps the most visible barometer of inflation - could bolster Democrats' prospects in the midterm elections. They blame President Joe Biden's $1.9 trillion stimulus package passed last year for much of the increase. ![]() Republicans have sought to make inflation a central issue in the midterm congressional elections. It has deepened gloom about the economy despite strong job growth and low unemployment. Inflation is higher than many Americans have ever experienced, escalating families' grocery bills, rents and utility costs, among other expenses. "It raises the risk of higher interest rates and a hard landing for the economy." "This was a disappointing report," said Laura Rosner-Warburton, senior economist at MacroPolicy Perspectives. That would make it even harder for the central bank to meet its goal of achieving a "soft landing," whereby it would tame inflation without causing a recession. Some economists now expect the Fed to raise its benchmark short-term rate, currently in a range of 2.25% to 2.5%, to 4.5% or higher by early next year. Chair Jerome Powell is expected to announce another big increase in the Fed's key rate next week, which will lead to higher costs for consumer and business loans.įurther aggressive Fed rate hikes could weaken growth so much as to push the economy into a downturn. Many investors are now fearful that the Fed will tighten credit even more vigorously in its drive to curb inflation. Stock prices plunged, with the S&P 500 index suffering its worst day June 2020 - a loss of more than 4% - and bond yields jumped on the worse-than-expected core figures. Economists tend to track core prices for a clearer read on where inflation is headed. Not in Tampa, Florida area? Not to worry! Just order online, we ship to all 50 states.The breadth of the price increases dashed hopes, at least for now, that core inflation would moderate. ![]() Give our gourmet popcorn a try and see what all of the fuss is about. #STARS AND STRIPES DRIVE IN PLUS#Today, Stars N Stripes Gourmet Popcorn offers many mouth watering flavors, plus we're adding new flavors all the time. Right away we knew we had something and started investing in commercial equipment and setting up the website to start accepting orders. To our delight our customers absolutely loved our flavorful popcorn and began texting and emailing us popcorn orders. ![]() #STARS AND STRIPES DRIVE IN FREE#We started attending local festivals and special events and offered free samples of our gourmet popcorn. We found each batch was better than the last. We started trying different recipes for caramel popcorn right in our kitchen. ![]() We have been lovers of caramel popcorn for a long time, but we could never find a popcorn store that consistently made great tasting caramel popcorn.Īfter much soul searching we decided to try our hand at making gourmet popcorn. ![]()
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