The July CPI: A Manufactured “Win” for the Fed The Bureau of Labor Statistics says consumer prices in July rose just 0.2% from the previous month — and 2.7% compared to a year ago. This is being spun as “good news” because it’s slightly below Wall Street’s expectations. But here’s the truth: you’re still losing purchasing power every single month, and the Fed’s so-called “2% target” is nothing more than a polite term for perpetual theft through currency debasement. The so-called “core” inflation number, which strips out food and gas to make the numbers look less ugly, rose 0.3% in July and is up 3.1% year-over-year. That’s hotter than the experts forecast — and it means everyday necessities are still…
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