That Bidenflation is absolutely hurting Individuals.
Begin with the UMich Shopping for Situations for Homes. It “rose” to 83. Sadly, 100 is the baseline and any quantity beneath 100 is dangerous. The rationale? The large improve in US residence costs since 2020.
However retail gross sales are hurting due to greater costs. Retail gross sales much less meals companies and auto are DOWN 3.1% MoM.
In the meantime, US industrial manufacturing fell to -0.3%.