Financial Times: US inflation rose to 3.3 per cent in March, the highest since May 2024, fuelled by a surge in petrol prices as the impact of the Iran war ricocheted across the world’s biggest economy.
My Opinion: The unjust war against Iran, is not in the interests of American consumers, with rising petrol prices and inflation. It is in the interests of the fossil fuels and defence companies. With inflation over target, the Fed cannot cut interest rates. When will the American people learn that the president is looking after his own interest and the interests of big business, at the expense of the majority of American consumers?
Inflation in US, 3.3% in March
byu/truthandfreedom3 ineconomy
Posted by truthandfreedom3
4 Comments
I get the frustration tbh—higher inflation + expensive gas hits people directly.
That said, I’d be careful jumping straight to “it’s only for big business.” Inflation spikes like this are usually a mix of things: energy prices (petrol is a big one), supply chain shocks, and broader global tensions. Wars—whoever is involved—tend to push oil prices up, and that flows into everything else.
On the Fed point, yeah you’re right in principle: if inflation is still above target (~2%), they’re less likely to cut rates soon. But they also look at core inflation, jobs, and growth—not just headline numbers.
Real talk: geopolitics + economics is messy. Some policies benefit certain industries more than others, but it’s rarely a single clear motive. It’s more like overlapping incentives, trade-offs, and sometimes just bad outcomes for consumers.
There is absolute delusion in the strocks subs. This is going to be a big issue. The consumer is far weaker than in 2022-23. Higher healthcare. Student loans being paid. Less stimulus. People are commuting to work in greater numbers. Plus there is a credit squeeze.
I freak out at 5%. 3% is normal
Looks like manipulation. Ain’t no way inflation is up only 3%