Across the country, inflation is soaring and up 9.1 percent year-over-year. Many families are asking for help at the Loudon County food bank in Virginia, but they ran out of food after 90 minutes. Meanwhile, a new AAA poll finds 88 percent of those asked are cutting back on driving due to higher gas prices. All of these factors are adding pressure on the Federal Reserve, which is expected to raise interest rates another three-fourths of a percentage point this week.
» Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC
» Watch more NBC video: http://bit.ly/MoreNBCNews
NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows.
Connect with NBC News Online!
NBC News App: https://apps.nbcnews.com/mobile
Breaking News Alerts: https://link.nbcnews.com/join/5cj/breaking-news-signup?cid=sm_npd_nn_yt_bn-clip_190621
Visit NBCNews.Com: http://nbcnews.to/ReadNBC
Find NBC News on Facebook: http://nbcnews.to/LikeNBC
Follow NBC News on Twitter: http://nbcnews.to/FollowNBC
Follow NBC News on Instagram: http://nbcnews.to/InstaNBC
#Inflation #News #NightlyNews
In the current case, a significant portion of the inflation is caused by supply chain disruptions. To reduce current inflation the government should be using tax incentives to compensate consumers for delaying their purchase of homes and other high priced items until next year and the following years, when the supply chains should be more stable, and our productive capacity will be restored. This would allow people to save more money, while demand is reduced, instead of the Fed taking away their money to reduce demand.Read more
@Scott Jones It was actually $5.9 trillion that the Fed conjured out of thin air over an 18-month period. The Fed purchased that much Treasury debt in 2020-’21. That was a 38% increase in the currency supply in a short period of time.
They are closing the wealth gap and redistributing to them. Their losses won’t be felt by them it’s felt by the consumer. The people!
Prep to action! Winter is coming!
This is a bot. If you fall for this conversation you are a dull and gullible human being.
EAT THE RICH and inflation will drop
Raising interest rates is the only way to reverse inflation.
Both parties used trillions to avoid an economic crash and now we have to pay for a while.
Only true mouth breathers didn’t see this coming.
remember when nbc news told us if trump was elected he’d wreak the economy and get us involved in another endless war ?
Biden and Democrats love recession and crime and open borders and high gas prices
lol he put it all on @1:20
😳
Everyone cries about gas food ext prices but if we were smart we should realize that the cost of living should never go up in less your city pays the correct money if not the USA just wants people to be lock up in jail apt as the old generation did not pay shy for a house and also never put money back in there city
The war in Ukraine 🇺🇦 is meant to open your eyes to the reality in the financial system. Real estate firm and other businesses are also closed too only crypto holders are spending money with ease..
I’m from Toronto ontario Canada Canada 🇨🇦 I connected with him and he has helped me a lot, he makes so much profit for me he is a FINRA agent, the best I can invest with so far ever since I came across expert Mr Liam Owen my bad turned out being good and profitable he made success earlier than we thought.
I’ve worked with 4 traders in the past but none of them is as efficient as he is , his trading strategies are awesome !
8btc and still counting in just 2 months , Expert Liam is the trade King as far I’m concerned. This man has really change the life of many people from different countries and l’m a testimony of his trading platform
If you’ve started trading with this man then you’re not far from making profits
Every comment session on youtube has something nice to say about Mr Liam Owen.I just sent him a message I’m looking forward to his response.💯💯
How to ruin an economy? Look no further than the Biden Administration.
Lol wrong. Partisan stooge. Tribal pawn.
@skate and create he’s right
Elk and bison meat was $8.99 and now it’s $12.99 and the package looks smaller. VOSS water is up. Chicken is up.
The real owners of this country touch themselves to videos like this one
I know some are rich but some are poor so understand that Mr President
And Mr President and all the ones that sitting at White House some water car but no matter how much harder they work still not satisfied to you or anybody else’s need to understand that
So my hard workers and can’t get no respect no matter how much they put in that’s what I know in this world
Did you not listen to Janet Yellen? She said yes inflation was a bit higher than expected but they saw no indication that household balance sheets were not fine. If you do not believe she’s telling the truth….???
Don’t be so dramatic try living in other parts of the world I’m from New York but I live in Argentina if it is near is over 100%, 9% here 6% there what a joke. A job coffee two weeks ago was 399 today is 999 that’s over 100% inflation. don’t be so dramatic 9 percent… Please…
Why do we let them do this though? Can’t we all just say no? It’s more of us and less of them or am I wrong?
It is what it is. Americans have to learn how to spend their money wisely. Stop buying your children whatever they want and over extending yourself. Just stop eating out and wasting your resources. Plan how you spend. America needs to stop sending aid to other countries and take care of Americans who are the working poor and our seniors. We also need to look at individuals who are able to work and still living off of government funds. Finally, TAX THE RICH!
Hello there !
so glad you are happy having to live that way but the rest of us just want to go back a few years I guess when you arent able to work it out because prices will go up much faster than your income you will plant a little garden Good for you a solution for everyone
i guess you solved the problem we are grateful
@Joe Stavalone learn your history. In American prices have always gone up regardless of political parties. Yes we would love for prices and the cost of living to be cheaper. As long as Americans ignore the things that drive up the cost and promote their self interest instead of the greater good this will happen. All politics manipulate Americans. Both sides have it issues. Republicans favor the rich so they can stay in power. Democrats support the middle class and poor so they can stay in power. They both practice divide and conquer by spreading the same rhetoric. Republicans supported the Insurrection. Democrats are trying to make sure it doesn’t happen again. Good luck with that. Decide this day who you will serve and believe and live with YOUR choices. America is what America is. Really wish it would be better. Whining and complaining doesn’t change anything. Vote better people in office. Vote for term limits.
Why are the food cost higher? Why are gas prices higher? Americans need to start asking the right questions. Speak up and advocate collectively. These are issues the Government does not control. Big business is taking advantage of what happened during Covid19 crisis. They are recouping their profits off of the backs of the working class.
Joe Biden
Thx Biden!!
Federal reserve and this illegitimate potato have to go, once again they are transferring wealth from the poor and middle class back to the rich, the cycle of greed has to end sometime.
DONT blame the rich ,blame the people who have the ability to fix it and will not without the rich there is no economy everyone is out of work because no one works for a poor person since he has no ability to pay do we care how we got this way, or do we want it fixed first?
Welcome to my world hood life baby lol ppl been hurtin but once the highr class starts feeling what we been feeling for years they wanna do some about it smh.
Wallstreet are over leveraged and fed prints money to bail them out each time and the govt is complicit
I did that 👉⛽️~ probably Biden
Try getting to the source of the problem rather than just saying what everyone knows already from personal experience
you are aware ! good job
Vote red🇺🇸
Everything’s price increase but not our salary 🤕
Keep voting for Democrats!
This is the real debt trap. As the Fed raises interest rates, after flooding the world with so much greenbacks over the last 6 years, creditors on big ticket items, countries that are dependent on American loans, suddenly find themselves hung high and dry. Its 1929 all over again. USAsshoe!
And its all due to Bidens open border. Its been 2 years and hes just kept the same open border agenda.
You are paying to acomodate other indsutries work force
Until the people wake up stop using Federal Reserve notes. This going to be the future all leaving behind for the future generations.
The Social Security Act (1935) title 5 sections 501 and 502.
The Registered State Birth Certificate NAME has 1.8 Million value. Each year the Federal Government through the SSA gives the state over 1 million off the birth certificate to be discharging your debts.
People are gonna be working 80 hours a week and still living check to check.(I’m exaggerating). However, its no sort of life a person should have to live in “AMERICA” just because they weren’t born rich. Smh
Eat the rich
They’re killing us to help Ukraine.
Printing $$$ trillions out of thin air over the past 2 years has anything to do with this? Those stimulus checks weren’t free after all.
Stimulus was already your own money. Unless you’re not American.
When gas/fuel is back below $3.00 a gallon then do a news story worth our time.
Is it me or does anyone see how the politicians that create all this are making millions of dollars like pelosi and live like there is no issue. The system is broken and people just take it
WHO DO WE NEED TO BLOW UP TO STOP THIS
This administration would be a great start
Eggs at Aldi went from $1.13 a dozen to $3.39 STOP THIS MADNESS YOURE SCREWING US
Hello cutie!
How’re you enjoying your day?
Eggs are only 2.79 at my Aldi.
When will we finally see the benefits of going mostly fully autonomous? Millions of law enforcement drones and robots for super security everywhere all the time, combine self running generators and power walls for seemingly endless clean energy everywhere all the time. Have a mechanical direct connect to the axle of EVs and solar, to super charge them. No more plugging in. We have the tech and abilities. Use them!!!
what is a self running generator? If everything you say is true what will anyone do to earn money..Fix robots I guess You should tell us how to melt steel in a refiner with batteries and while you are at it how to put a rocket in space without THRUST or fly a jet plane without thrust You obviously are ignorant of physics but dont attack me I just want you to answer the few questions and the I will send you 50 more Just to help you ..For every action there is an equal and opposite reaction Newtons law
People should just stop having kids. It just makes it a lot worst.
*Fighting 8.5% inflation (more like 35%) with a 1% Fed funds interest rate is like stopping a forest fire with a bucket of water. Folks prepare accordingly. Make investment in other not to depend on the government for funds..*
I just withdrew my profits a week ago, it was so shocking when I withdrew $32,450 knowing I invested $3,000. I wish I could reinvest but, too much bills 😩.
I’m happy to see The SCHWAB mentioned here, my spouse recommended me to them after investing $4000 and they have really helped us financially in times of COVID -19 lockdown here in Australia.
Same here I earn $13,000 a week. GOD bless Charles Schwab, they have been a blessing to my family.
Trading options with The SCHWABS is a good chance to make money and start paying your bills. It’s the best opinion to get out of debt….
This is the kind of information that we don’t get from most YouTubers I will get in touch with him right now.
The Feds have no credibility.
This is all about corporate greed and lack of antitrust laws that haven’t been enforced in decades. The corporations have bought up all the “little guys” and so there is little to no competition! Between corporations, there’s an unspoken rule, the other big guy raised prices, so can we. They used to call that price fixing. Take a look at all the major corporations…..be it oil/gas or consumer goods and food….their PROFITS ARE UP. They are simply using the ‘excuse’ of inflation, brought on by the pandemic, BLAH, BLAH, BLAH. It’s all BS folks and they are reaching deep into YOUR pockets so they can pay their CEOs, executives and shareholders more money, YOUR money. If the conservatives take over, it will only get worse, because it means more money in their pockets too. Let’s hope the old folks like me don’t lose their Social Security….because that is indeed what the conservative right wing is shooting for. None of them care about the consumer as long as they get elected.
We are already in a recession!
Every financial requires patience. The Market has been pretty bad until today it decided to surge. Everybody have Practically been Crying then It kept dipping. That’s what you get when you feel you can navigate the process on your own. Big thank to JOSEFTRADE, I’m not bothered with how bad the Market is because my assets are insured due to his advice and I still receive my profit. from 2.4BTC to 9.5BTC
That’s his handle up there.👆👆
A friend that I referred to him just received $70,050 profit after 10 days of investing….I became jealous.. lol
Lately i have searched youtube for a pro trader to guide and provide me with accurate trading signals.. i will contact him, thanks.
His training program has been insightful, and I must say, I’m most honored to have been part and a full-time beneficiary of his daily signals. I have been growing monthly & have been able to increase my portfolio from 1.5BTC to more than 4.5BTC with his daily signals…
Having someone like Josef Dennis. mentorship, who’s not only a great innovatory but will also put the best to get the work done so well beautifully, needs nothing but appreciation he has
81 million votes couldn’t be wrong. Embrace the change!!!
ijust went to dollar tree // can of pepsi $2 plus tax 2.14
Wouldn’t be in this mess if they never cut the rates to begin with. Biden and his loser pals aren’t helping either just making it worse
The recession is already here Mr Biden
Biden , yeah I did that.
Thank you Biden for spending all our money in ukraine and closing gas companys in the u.s then sending 8 million reserves to china great president
This is getting too crazy…
lolololol….go vote for the current admin…..you idiots got played .
And yet uncle Joe keep sending billions to scam artist Zelensky. They got money helping others around the world but not their own citizens. American government is really treating its citizens as a secondary.
The Liberal Race Baiting Media Who Love Sleeping Biden WON’T ADMIT we in a recession NOW !!
Cancel Christmas!!! Oh wait. Am I allowed to say that???
Well, there you have it – Joe Biden says, “We’re not in a recession!”
WE’RE IN A RECESSION, FOLKS – IT’S INEVITABLE NOW………!!!!!!
😂
We are close to the greater depression
Give relief to United States of America citizens instead of illegals, asylum seekers and refugees!!!!
What’s the point to raise gas prices if people just gonna drive less? you drove every weekend now you drive only one weekend a month so the Knuckleheads won’t sell gas like they want to anyway!
But president biden says we are not in a recession, and Mr biden is a great president unlike Trump, he wouldn’t lie to us
F- CK, NBC they are traitors.
Biden -flation shuts off our oil gives billions of dollars our country doesn’t have to Ukraine and has us almost at war with Russia and china. And does nothing to fix inflation but have the fed keep buying up debt in the stock market to keep the dow high so they don’t look bad. Soon the dollar will be worthless and pushing this climate change farce that is really about starving and depopulation of the world.
It wasn’t like this 2 yrs. ago, was it? But people just didn’t like mean old Trump. Guess things were just too good. We needed to suffer. And here we are. we are ALL suffering.
@Hugo Bermudez I really doubt that. But you should of done some research on the Joe Biden history b4 voted for him. Were you around when Carter was Prez, also a DEM? No one was worse, til now.
HE JUST DONT HAVE HIM OVER FOR DINNER
I am amazed at the expert thinking this inflation is caused only by quantitative easing. This inflation is caused by the scarcity of goods. We need to increase the oil production by opening up the oil fields that we have closed down. We need to restart the Keystone pipeline. We need to ease the supply chain with cheaper fuel. We need to force the oil companies to reopen the refineries that they closed. We need to start digging more coals to increase the production of fertilizer. There are so many thing we can do. And we are not doing any of it to increase the production.
Now we are tightening the money even to increase this production. We will further suffer more scarcity or shortage. Get ready for food shortage too. This is because you voted for a disaster for our president listening to the mainstream media and get brainwashed.
I flat out do not believe the AAA statement that 88% of consumers drive less due to higher gas prices.
they dont tell you its only 5% less
I love it! Stop paying your mortgage and car payments. Don’t go to work anymore. Rack up credit card debt please!
I can’t wait to buy your foreclosed house!
Hahahaha……good one.
Yeah I hate going to the grocery store now
After watching so many YouTube
tutorials about trading I
was still making losses until Cyberghosthacks start
managing my investment
now I make 0.5BTC weekly…may God continue to bless you sir
he’s been a blessing to my family legitimate working software 💯
Loudon County…WOW.
Horrible administration and stupid Biden this is what you get
Darth Vader a.k.a. dummy Biden
Common definition? It is the literal definition
Thanks to this whole biden administration and Obama, nancy, schumer whose holding bidens strings
Keep in mind you got rid of the guy that wouldn’t have allowed any of this to happen. We have a WEF traitor in the White House sabotaging the country.
Fux nues caused this bout of inflation! Just ask Clucker Karlson!
Liberals are buying up all the farmland.. price of milk and eggs went up 50%.. Make sure you vote red to stop this garbage.. LGB
Trump forced Yellen to resign, she was no good, now she is back
Okay so everyone redoing their taxes at work?? Exempt??
Crazy. Almost every single top comment for dozens, are bot comments. Something huge is on its way. The bots have taken over YouTube.
Biden just destroyed the economy….so sad
My friend said the other day gas will go down to 2 dollars per gallon🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Just like a Democrat to redefine what a recession is, so as to avoid its existence — Stop voting for these fools !
Bro wtf Suave 3 in 1 men shampoo is almost $7! Last month it was $5.59 now its $6.79!!! It was always 4 dollars. This is how inflation looks
Stop having so many kids, and get a smaller house
Why doesn’t Biden just use it like his personal piggy bank like Trump did. Trump looked at the price of the vaccination and immediately thought about how he could benefit.
I work in F&B – 10% increase? Please! Try closer to 40% for some items wholesale.
Fed will pee in the ocean again and expect it to raise the level of the ocean! Lol
They just cut our power off this morning / We have until Friday to make our hose payment / that want happen / So we will try to get help / Last night / Another killing in our neighborhood /
And Biden thinks he’s going to win 2024 yeh nope.
In the current case, a significant portion of the inflation is caused by supply chain disruptions. To reduce current inflation the government should be using tax incentives to compensate consumers for delaying their purchase of homes and other high priced items until next year and the following years, when the supply chains should be more stable, and our productive capacity will be restored. This would allow people to save more money, while demand is reduced, instead of the Fed taking away their money to reduce demand.Read more
How can i get started when it comes to investing and passive income?
<<<<
@David Young <<<<<<<<<
My coach is” Rachael Irene Cronin ” In terms of portfolio diversity, she’s a genius. You can glance her name up on the internet and verify her yourself. she has years of financial market experience.
thanks for sharing.
But the market. Isnt down
This regime doesnt give a dam about anyone but themselves. They tell all of us that every day are people deaf?
So America. If you brought these industries back to your country, you will never suffer a recession. One day you’ll learn. But for now… you have to suffer.
Thanks Joe Biden. Liberal’s, mean tweets don’t seem so bad now do they.