US Inflation Stays Elevated — 67 Months Above 2%
US inflation has remained above the Fed's 2% target for 67 consecutive months. Price data across categories shows cumulative 7-year increases of 30–64%, with more rate hikes expected.
What we know
An account on X highlighted 67 consecutive months of US CPI above 2%, calling monetary policy 'far too easy' and warning of more rate hikes. His 7-year cumulative price chart (tweet) shows gasoline +64%, eggs +64%, home prices +60%, auto insurance +49%, shelter +35%, and groceries +33%. The Fed hike fear narrative was echoed by another account on X as a driver of the Nikkei crash. The IMF weighed in on China's side: Another account on X reported IMF calling for substantially greater fiscal stimulus in China as it edges toward deflation — the opposite problem. PPI and retail sales are due the next morning at 8:30 AM ET.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.