XPost: alt.sodomites.barack-obama, alt.war.civil.usa, talk.politics.guns   
   XPost: talk.politics.misc   
   From: spending.like.drunken.sailors@biden.drugs   
      
   On 14 Mar 2022, Rudy Canoza  posted some   
   news:%ROXJ.60242$dln7.36393@fx03.iad:   
      
   > Biden and his uncontrolled administration spending of funding the   
   > terrorist world and fucking over American citizens.   
      
   Joe Biden has suffered an economic setback as higher-than-expected US   
   inflation figures hit hopes that the Federal Reserve would rapidly cut   
   rates this year.   
      
   The US consumer price index fell to 3.1pc year-on-year in January, its   
   lowest level since last June.   
      
   However, it came in above expectations that inflation would fall to   
   2.9pc, which would have been the lowest inflation reading for almost   
   three years.   
      
   Month-on-month inflation was 0.305pc, its highest for four months.   
      
   Stock markets fell and the dollar rose after the figures as traders bet   
   that the Fed would keep interest rates higher for longer, with no chance   
   of a rate decrease in March and a slim chance of one in May.   
      
   S&P 500 futures dropped by more than 1pc after the figures, while Nasdaq   
   futures were down more than 1.5pc. The pound dropped against the dollar,   
   from $1.268 to $1.259.   
      
   Voters have criticised Mr Biden over his handling over the economy, with   
   Democrats hoping that lower inflation in the coming months would boost   
   his chances in November’s election.   
      
   05:08 PM GMT   
   TUI shareholders vote to leave London Stock Exchange   
   Shareholders in the holiday group TUI have given their approval for the   
   company’s plans to delist from the London Stock Exchange.   
      
   The plan received 98.35pc of the votes at this afternoon’s AGM,   
   according to Dieter Zetsche, the company’s chairman.   
      
   05:03 PM GMT   
   Yellen points to 'significant progress' in fight against inflation   
   Janet Yellen, the US Treasury Secretary, said today that consumer price   
   index data for January showed progress in the fight against inflation.   
      
   Ms Yellen focused on the year-on-year CPI inflation figure of 3.1pc, not   
   the surprise 0.3pc month-on-month surge in January.   
      
   She said:   
      
   This morning’s CPI report showed that, in January, the headline consumer   
   price index fell to 3.1 percent. That’s six percentage points below its   
   peak in June of 2022. At the same time, the recession that many   
   forecasters predicted we would need, to see inflation come down, hasn’t   
   materialised.   
      
   Yellen said the Biden administration had made “significant progress in   
   our fight to bring down inflation,” with the prices of key household   
   expenditures like gasoline, eggs and airline fares coming in lower.   
      
   Ian Shepherdson, chief economist at Pantheon Macroeconomics, expects   
   core inflation to continue easing after what he called a “blip” this   
   month. He added that “the numbers don’t change the big picture.”   
      
   https://finance.yahoo.com/news/stubborn-us-inflation-dashes-hopes-1836385   
   56.html   
      
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