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Us Rates Look Likely To Keep On Rising

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"US consumer prices rose by 0.7% in January, fuelled by a sharp rise in energy costs.

"The biggest reason for the increase was a 5% rise in energy prices. It's very clear that higher energy prices are now being passed along to consumers, and it's not difficult to do that when the economy is as strong as it is.

"This will put additional pressure on the Federal Reserve to continue to raise short-term interest rates."

http://news.bbc.co.uk/1/hi/business/4740112.stm

What does it mean for the UK?

Edited by spleeper

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However, Department of Labor figures showed that when food and energy costs were excluded prices rose by just 0.2%.

Well that's alright then. Nobody eats food or buys fuel. Figures are clearly skewed by these irrelevant costs. <_<

Who writes this cr@p?

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Well that's alright then. Nobody eats food or buys fuel. Figures are clearly skewed by these irrelevant costs. <_<

Who writes this cr@p?

I believe they leave clothing and services in the mix as these items are dropping in price. Food has skyrocketed with the cost of fuel affecting delivery charges etc. Also excluded, of course, are house prices. So you eliminate the basics of life and show tame inflation. Wonderfully useful data.

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"US consumer prices rose by 0.7% in January, fuelled by a sharp rise in energy costs.

What does it mean for the UK?

We will lower our base rate, because a rise in enery cost is a one off, and we should accept this along with a lower standard of living so to help absorb higher energy costs. Crash Gordon ******** Brown sits warm and content in No 10 while our pensioners and minimum wage employees will have to feed on crap and put an extra layer of clothing on.

Thanks miracle man Gordy, you really are the man to replace Blair.

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  • 336 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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