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Bidenflation ‘Deluge’   The Serious You: How Current Events Affect You

Started Oct-26 by WALTER784; 126 views.
WALTER784

From: WALTER784

Oct-26

Bidenflation ‘Deluge’: October Saw Highest Level of Price Hikes Ever in Dallas Fed Survey

Inflationary pressures continued to raise Texas manufacturing prices strongly in October, a survey released Monday showed.
 
The Federal Reserve Bank of Dallas said that a record 50.5 percent of manufacturers had raised prices on their finished goods in October, while just 0.7 percent cut prices. That brought the dispersion index, which weighs price hikes against price cuts, to a record high 49.8, up 5.8 points from a month earlier. The long term average for this measure is 7.4.
 
The gauge of raw materials prices remained near an all-time high but edged down to 76.3. This is extremely elevated compared to the long-term average of 26.4.
 
The data comes from the Dallas Fed’s monthly survey of Texas manufacturers. Comments from manufacturers pinned the blame for higher prices on the Biden administration’s fiscal policy.
 
“Fiscal policy by the government is continuing to create supply-chain concerns and leading to increased raw materials prices along with lower customer confidence for finished goods, which is severely weakening the forecast for the long-term viability of the U.S. economy. The potential for recession is ever increasing without major fiscal policy improvement,” a chemicals manufacturing executive said. It is beginning to feel like we are headed to a slowdown in a few months with inflation kicking in.
 
The outlook is for even more inflation, although the forward looking indexes backed down a bit from September. The measure of price increases for finished goods six-month ahead slipped 4 points to 40.6 but remains more than double the long-term average of 20.2.
 
The raw materials gauge slipped 6.4 points to 48.9. The average score on this measure is 34,2
 
“It is beginning to feel like we are headed to a slowdown in a few months with inflation kicking in,” a primary metals manufacturer said.
 
“Supply-chain disruptions continued to plague many manufacturers,” the Dallas Fed said. The unfilled orders index, which average negatives 1.8 (a negative level would indicate unfilled orders were shrinking), rose to 20.9. The delivery time index rose to 25.9, the fourth highest level ever recorded.

Bidenflation 'Deluge': October Saw Highest Level of Price Hikes Ever in Dallas Fed Survey

FWIW

Showtalk
Host

From: Showtalk

Oct-26

Is Biden taking credit?

WALTER784

From: WALTER784

Oct-27

You would have to ask him if you could find him.

I highly doubt it though!

And I don't think you would get a comprehensible answer either.

FWIW

Showtalk
Host

From: Showtalk

Oct-27

I would not even try.

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