Inflation Rising: Consumer Goods Prices Increase by Most in Seven Years - Nathan McDonald (14/08/2019)

Aug 14 18:08 2019 Print This Article

August 14, 2019

The trade wars are taking root, and finally the damage is starting to

ripple through not only Wall Street, but Main Street as well, as inflation

steadily ticks higher.

This comes on the heels of a rate cut last month, in which one of the

reasons given by the Federal Reserve was because they believe inflation was too

low.

It is laughable to think that this would be a motive, and it just goes

to show the complete disregard that the Fed has for the average person on the

street who works hard their entire lives and saves for retirement, just to see

those savings slowly chipped away by an easy money policy.

The Federal Reserve has a 2% inflation target—a target that until

recently they believed they would not reach.

That may be about to change, however, as the Labor Department stated on Tuesday that

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Sprott Money

Established in February 2008, Sprott Money Ltd. is a leading precious metals wholesale, institutional and retail dealer selling gold, silver and platinum bars, coins and wafers online and over the phone. Sprott Money's storage program gives clients the ability to store their precious metals in multiple storage facilities located in Canada, the United States and internationally. Sprott Money Blog, which covers world events, geopolitics and of course precious metals.

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