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A customer counts his cash at the register while purchasing an item at a Best Buy store in Flushing, N.Y., on March 27, 2010. (Jessica Rinaldi/Reuters) U.S. consumers increased their short-term and medium-term inflation expectations again in September, but they lowered their views on how much home prices, fuel costs, and other expenses will rise over the next year, according to a survey released on Tuesday by the New York Federal Reserve.
Median expectations for what inflation will be over the next year rose for the eleventh consecutive month to 5.3 percent, the highest level since the survey was launched in 2013. Expectations for what inflation will be in three years rose to a median of 4.2 percent, up from 4.0 percent in August, also reaching another series high.
The latest gauge of consumers’ expectations come as Fed officials are trying to decipher whether the higher inflation spurred by the pandemic has lasting power—which could require a policy response—or if it will subside on its own. Real estate signs advertise new homes for sale in multiple new developments in York County, S.C., on Feb. 29, 2020. (Lucas Jackson/Reuters) A separate blog post published by the New York Fed last month found that longer-term inflation expectations remain well-anchored this year when compared to two years ago, before the pandemic.
Blog post
Fed Chair Jerome Powell said the central bank could start reducing its asset purchases from the current pace of $120 billion a month as soon as November. Policymakers set a higher bar for raising interest rates and are split on when they expect rates to rise, with nine out of 18 Fed officials saying at the September meeting that they expect the first rate increase as early as next year.
The September survey, which is based on a rotating panel of 1,300 households, showed that consumers lowered their expectations for how much some essential expenses will rise over the near term.
The price of gas is expected to rise by a median of 5.9 percent over the next year, down “sharply” from 9.2 percent in August. Expectations for home prices decreased for the fourth […]
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Will America-First News Outlets Make it to 2023?
Things are looking grim for conservative and populist news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from conservative outlets. This has had two major effects. First, it has cooled most conservative outlets from discussing “taboo” topics like Pandemic Panic Theater, voter fraud, or The Great Reset. Second, it has isolated those ad networks that aren’t playing ball.
Certain topics are anathema for most ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
To those who have the means, we ask that you please donate. We have options available now, but there is no telling when those options will cancel us. We have our GivingFuel page. There have been many who have been canceled by PayPal, but for now it’s still an option. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!
JD Rucker