The sneakers I have bought at Costco for umpteen years (non-scientific description) have finally moved from $14.99 a pair to $15.49 a pair (3.3% increase).
Based on this purely anecdotal evidence, the chart of the US dollar vs. the Canadian dollar, and the stubbornly high price of gasoline, I'm altering my short-term inflation mood somewhat higher in response. It is still somewhat negative based on the housing and unemployment situation.
My long-term inflation mood remains intact though. Hurray! *sigh*
However, I would strongly urge others to not base their investment decisions on the short-term "mood" of a random anonymous Internet blogger. Hopefully that goes without saying though!
Q4 GDP Tracking: Mid 2% Range
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Fed Chair Powell, Nov 7, 2024:
"It's actually remarkable how strong the U.S. economy is performing. We're
performing better than all of our global peers. ...
3 hours ago
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