U.S. inflation rate swells to 39-year high of 6.8%

U.S. inflation rate swells to 39-year high of 6.8%. By Jeffrey Bartash.

The cost of living climbed again in November and drove the rate of U.S. inflation to a nearly 40-year of 6.8%, putting more pressure on households as they confront rising prices of gas, food, cars, rent and so forth.

The consumer price index increased 0.8% last month, the government said Friday. Economists polled by The Wall Street Journal had forecast a 0.7% advance.

Returning to the 1970s?

Edward Ulysses Cate:

In one sentence, [J.P. Morgan, the “Fed’s” bank] tell us their whole story:

“J.P. Morgan is a global leader in financial services, offering solutions to the world’s most important corporations, governments and institutions in more than 100 countries.”

Makes one wonder just what those “solutions” are for the world’s leading sociopaths.

I’m sure those “solutions” are NOT to the benefit of us ordinary people.