Feds Raise Interest Rate Historic .75% - Retail Sales Fall in May - Inflation Likely to Get Worse - Biden Administration Clueless Feds bumped the reserve rate by .75%, largest rise since 1994. - Retail sales fell .03% in May, the first decline this year. - The stock market is down 16% for the year. - Gas prices are rising to the highest levels ever. And the new Biden spokesperson claims a $2 Trillion stimulus (money from nothing) puts us in a place where we can actually take on inflation. Take a minute (54 seconds) and listen to her response on the economy on the linked page below. https://bit.ly/39sg1MT - Completely economically clueless Kind of like claiming that the best way to put out a gasoline fire is to throw more gas on it because it is wet. You don't spend your way out of inflation! Expect this inflationary trend to continue and likely accelerate more quickly. Prepare accordingly. #inflation #bidenadministration #economy #fed