The US Core Inflation
rate is 2.2%, but it excludes food and energy.
The US CPI, Consumer
Price Index is 2.7% and does include food and energy along with shelter,
transportation, vehicle prices, healthcare, apparel and services.
The Federal Reserve
Interest Rate charged to Banks is 2%.
The Federal Reserve
Debt is $2.5 Trillion in 2018.
The 10 year Treasury
yield is 3.23%. This impacts the US Federal Government $21 Trillion Debt, when
they don’t sell all the treasury bills they need to sell to fund the debt.
Interest on the US
Federal Debt is expected to increase from $600 billion to $800 billion. This needs to be reversed through cuts in US
federal government spending.
Wage increases should
average 3% if companies can keep up with inflation. Accordingly, productivity should also
increase 3% to cover these wage increases.
Norb Leahy, Dunwoody
GA Tea Party Leader
No comments:
Post a Comment