Gas prices have been essentially flat since 2015 plus or minus 10-20 cents. Summer 2020 prices are irrelevant to the conversation for obvious reasons.
I don’t know that beating the “coming recession” drum is a winning message for the Rs. Inflation has been a problem but has gotten better and we’re still seeing wage growth. Individuals on a fixed income are a separate issue that doesn’t have an easy answer.
The overall economy is in a far better place than it’s been arguably since the financial crisis. Rates should have started rising during the T years but we all know why they didn’t. There’s an argument to be made had rates risen normally pre-Covid we could have done more to mitigate the economic issues without printing so much money. Water under the bridge now though. I’m not in favor of lowering rates until we see real lasting soft spots in the economy. Right now there are none I can find.
I don’t know that beating the “coming recession” drum is a winning message for the Rs. Inflation has been a problem but has gotten better and we’re still seeing wage growth. Individuals on a fixed income are a separate issue that doesn’t have an easy answer.
The overall economy is in a far better place than it’s been arguably since the financial crisis. Rates should have started rising during the T years but we all know why they didn’t. There’s an argument to be made had rates risen normally pre-Covid we could have done more to mitigate the economic issues without printing so much money. Water under the bridge now though. I’m not in favor of lowering rates until we see real lasting soft spots in the economy. Right now there are none I can find.