Mortgage Rates Above 7% (UP 158%), Food CPI UP 19%,Gasoline UP 69%, 10Y-2Y Treasury Curve Inverted

Mortgage rates remain elevated, surpassing 7%, in line with the US Treasury 10Y-2Y yield curve.

Under “Lunchbox Joe,” CPI food prices have surged by 19%, and under “Green Joe,”Gasoline skyrocketed by a staggering 69%. While the American middle class continues to suffer the consequences of Bidenomics, it appears that the focus has shifted towards marketing this economic approach.