![]() Now, interest rates aren't that high yet.īut I think people have to get ready for this continued surge in inflation, because it's not going to come down right away. We have been talking about this, and I have been talking about this in my note, that it brings us right back to the late '70s, early '80s. I think it's going to get more difficult. I think prices are going to continue to surge. KENNY POLCARI, SLATESTONE WEALTH: Listen, I think people have to be prepared, the way Susan said. I want to bring in market watcher Kenny Polcari.Īnd, Kenny, just tell us, how much worse is it going to get from here? So, as you see, Charles, it's really a tough balancing act for Jerome Powell and the Central Bank right now. Also, inflation is forcing the Federal Reserve to take action, Wall Street now forecasting three interest rate increases this year, but the latest data also from the Central Bank showed that economic growth moderated, slowed down in the final three months of last year. Government spending, income inequality and supply chain issues came way behind in this list. In fact, it's the overwhelming top issue for respondents, who say it's the number one issue affecting the economy right now. Now, despite the inflation report, the White House is sticking to their promises of easing prices this year, the president saying in the statement that this report really underscores that we still have more work to do, with price increases still too high and squeezing family budgets.Īnd despite the White House trying to calm household concerns, our latest FOX Business poll shows that more than a third of Americans are worried about higher prices. And used cars are still fetching premium pricing. Filling up your gas tanks costs a lot more than it did a year ago. So there's still sticker shock when you go to the grocery stores. And that is the highest year-over-year increase since the summer of 1982, with prices rising almost twice as much as wages were last month. You're paying the highest price jumps in 40 years in December, so consumer prices, as you mentioned, rising 7 percent last month. Get used to these higher prices, because they're going to be here for a while. SUSAN LI, FOX NEWS CORRESPONDENT: Charles, that's right. To FOX Business' Susan Li with more on what's driving this inflation surge - Susan. Inflation expected to be a big topic when the White House holds its briefing this hour. President Biden says the administration is - quote - "making progress" on slowing the rate of price increases, but Americans, at least for now, may not be feeling it. Prices jumping 7 percent in December to the highest level in nearly 40 years, everything from bacon and eggs to beef and gasoline seeing huge price spikes. The selection of the students to be placed on the Honour Roll is made through a process of evaluation established in the constitution or bylaws of the School.CHARLES PAYNE, FOX NEWS ANCHOR: FOX on top of prices over the top and shoppers under siege. In addition the top student shall also receive the Student Medal. The RAIC Honour Roll recognizes those students of an accredited professional degree program of Architecture in Canada who have achieved high academic standing in the top 10% of their graduating class.įor each School of Architecture, a maximum of four students from the top 10 per cent of the graduating class, shall receive honour roll certificates from the RAIC. Resolution for Urgent and Sustained Action on Climate and Ecological Health.RAIC praises Vancouver's moves to fight climate change.National Building Code and Sustainability.Calling for a national plan for energy-efficient buildings.RAIC statement on unpaid internships 2014.National Memorial to Victims of Communism.Federal / Industry Real Property Advisory Council (FIRPAC). ![]() COVID-19: Updates, Information, and Advocacy.RAIC Statement on the Ontario Science Centre.RAIC Statement on Long-Term Care and Inadequate Standards and Codes.Report on International Indigenous Architecture and Design Symposium.Four Case Studies Exemplifying Best Practices in Architectural Co-design and Building with First Nations.A Guide to Determining Appropriate Fees for the Services of an Architect.RAIC Research & Innovation in Architecture Award. ![]()
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