{"id":39953,"date":"2025-12-02T14:41:30","date_gmt":"2025-12-02T14:41:30","guid":{"rendered":"https:\/\/agooka.com\/news\/usa\/bi-readers-told-us-their-grocery-bills-keep-going-up-thats-bad-news-for-more-rate-cuts\/"},"modified":"2025-12-02T14:41:30","modified_gmt":"2025-12-02T14:41:30","slug":"bi-readers-told-us-their-grocery-bills-keep-going-up-thats-bad-news-for-more-rate-cuts","status":"publish","type":"post","link":"https:\/\/agooka.com\/news\/usa\/bi-readers-told-us-their-grocery-bills-keep-going-up-thats-bad-news-for-more-rate-cuts\/","title":{"rendered":"BI readers told us their grocery bills keep going up. That&#8217;s bad news for more rate cuts."},"content":{"rendered":"<figure><img decoding=\"async\" src=\"https:\/\/i.insider.com\/6924b80d89026fbb4d0e4d17?format=jpeg\" alt=\"People at a Costco location\"\/><figcaption>\n<p>Lindsey Nicholson\/UCG\/Universal Images Group via Getty Images<\/p>\n<\/figcaption><\/figure>\n<ul>\n<li><em>This post originally appeared in the Business Insider Today newsletter.<\/em><\/li>\n<li><em>You can sign up for <\/em><a href=\"https:\/\/www.businessinsider.com\/subscription\/newsletter\/insider-today\" rel=\"noreferrer\" target=\"_blank\"><em>Business Insider&#039;s daily newsletter here<\/em><\/a><em>.<\/em><\/li>\n<\/ul>\n<p><strong>Sometimes you have to take matters into your own hands.<\/strong><\/p>\n<p>The government shutdown ended a while ago, but there&#039;s been at least one lingering effect: a lack of inflation data.<\/p>\n<p>The last CPI report was for September and released way back on October 24. November&#039;s inflation report \u2014 sorry October, we&#039;ll catch you next year \u2014 was scheduled to drop December 10, but got bumped to December 18.<\/p>\n<p>But who wants to wait another two-plus weeks?<\/p>\n<p>Business Insider took matters into its own hands, surveying readers about how prices have changed. We heard from roughly 200 of you, and BI&#039;s Madison Hoff has the results, along with some personal anecdotes from readers about what they are seeing.<\/p>\n<p>Unfortunately, one area readers feel prices keep climbing is something they can&#039;t skip: Food. Whether it&#039;s groceries (90%) or dining out (87%), the vast majority said those prices have gone up.<\/p>\n<p>The data shows the affordability issue that many Americans say they&#039;re facing.<\/p>\n<p>Despite a stock market that continues to rise, people are finding themselves stretching their budgets. And unlike luxury items that one can hold off on purchasing, groceries are a day-to-day expense that Americans continue to feel the pain of.<\/p>\n<p>&quot;It&#039;s so frustrating that people like us who are financially responsible, who are doing everything right, are still just feeling like we&#039;re stretched every step of the way,&quot; one reader told Madison.<\/p>\n<p><strong>That puts the Fed in an interesting position when it comes to rate cuts.<\/strong><\/p>\n<p>Central bankers will convene next week for their final meeting of the year. As always, Jerome Powell and co. aim to strike a balance between keeping inflation in check and maintaining a robust job market.<\/p>\n<p>While our survey is far from scientific, the main takeaway is clear: most people feel prices keep going up. If you&#039;re looking to address those concerns, cutting interest rates risks pushing inflation (and prices) even higher.<\/p>\n<p>On the other hand, the job market remains largely frozen. And the best way to kickstart things on that front would be to continue easing up the policy.<\/p>\n<p>So what will the Fed do? Wall Street seems bullish on another cut, with 87.6% of interest-rate traders betting on one next week, according to CME FedWatch.<\/p>\n<p>Read the original article on Business Insider<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lindsey Nicholson\/UCG\/Universal Images Group via Getty Images This post originally appeared in the Business Insider Today newsletter. You can sign up for Business Insider&#039;s daily newsletter here. Sometimes you have to take matters into your own hands. The government shutdown ended a while ago, but there&#039;s been at least one lingering effect: a lack of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":39954,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":{"0":"post-39953","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-usa"},"_links":{"self":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts\/39953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/comments?post=39953"}],"version-history":[{"count":0,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts\/39953\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/media\/39954"}],"wp:attachment":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/media?parent=39953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/categories?post=39953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/tags?post=39953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}