Walmart is slashing prices on clothing and other products

uh this is really what the Federal Reserve is raising rates to try to combat. So the more persistent inflation is, the more aggressive the Federal Reserve has to be. There was thought that they could raise rates three quarters of *** percentage points in the next couple of weeks. That’s almost *** near certainty. So there were recession toxic going into this number. I think now the fact that the Fed has to be more aggressive in combating it means that um the likelihood of recession is probably increased. You know, think about it this way. This is *** this is the cancer that the Federal Reserve is applying. Um you know, chemotherapy too. And the more chemicals we have to use, the worst things are off for the rest of the body. Unfortunately, monetary policy works with *** lag. It’s been thought that, you know, *** rate hike or even *** rate, he’s really isn’t felt through the economy for another, you know, year or so. Um So just because the Fed started raising rates *** few months ago in the face of higher inflation doesn’t necessarily mean it will ultimately have an impact. So *** lot of what we’re seeing is really more of *** supply constraint than it is demand driven. Um And the Fed obviously can’t pump oil and they can’t grow wheat. So all they can really do is impact the demand side of that supply demand equation. I feel the inflation pain every day, every day, everything is going up and up more than inflation, their price adjusting because even if inflation doesn’t happen, they raised the prices, I noticed. Like I go and try to get milk and like even *** half gallon of milk, it’s hard to find for under $8. Um which is really hard and makes it really hard to afford things in poor areas. Like I live up to Washington heights, you know and sometimes I have to come down here to get it for $6.5 so I can have most of my home.