Fed paints worrisome economic picture as study shows increasing gap between rich and poor

[Yo_Mama_Been_Loggin]

Soaring gas prices have put the brakes on the spending habits of millions of Americans, hitting their wallets hard and fueling America’s persistent economic inflation-driven K-shaped divide, according to a new study by Federal Reserve economists.

The energy price shock from the Iran war has caused what the study of March gas consumption shows is the highest gap to date in U.S. gas spending, severely curbing the purchasing power of lower-income households at the pump.

And that gap is expected to grow with higher inflation spikes as the supply chain continues to be restrained in the dispute over the Strait of Hormuth.

The study by the New York Fed looked at gas consumption during March 2026, the first full month of the war.

https://www.msn.com/en-us/money/markets/fed-paints-worrisome-economic-picture-as-study-shows-increasing-gap-between-rich-and-poor/ar-AA22z4lb

[bucolic_frolic]

1. Exploitation and slavery makes for fat corporate profits.

Owners set the rules.

[Midnight Writer]

2. The goal of Project 2025.

[Sowhat13]

3. Remember, they think 1984 was a "how to" manual

Don't worry about trump. He will do with any negative information, what he always has done. He will lie, and dissemble.
Remember? " We will stop testing for covid, if the number of new cases keep rising. This would lower the number of new cases"
In his, the republicans, and MAGA's version of logic, that would fix the problem.
However, now the whole right wing movement has stepped up their game. They are deleting mechanisms, and methods of collecting data, which will say they are wrong, before people ask questions, to which Chump, to keep from looking bad, will be forced to lie. Why wait for the death tolls and inequality to rise, when you can just remove any trace of their trumpfuckery, before the fact?
https://www.medpagetoday.com/special-reports/features/115044

Now if the republickcans really wanted to make things better for Americans, they have had the information for the past 20 years.
https://www.aamc.org/news/author-david-ansell-exposes-inequalitys-deadly-influence
They would have only had to read a book, verify the data, and have had the will to act in the best interest of America, instead of following
their far right wing ideology. Yet why would they, if people can be controlled with their drama theater, and psyopps?