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premiums all up. the cost of food consumed at home rose nearly 12%, food away from home, 7.4%. the gasoline index has increased 48.7%. the average national price of a gallon of gas this week, is at $5, highest in california at $6.42. trying to stem inflation, the fed said it will raise interest rates by three quarters of a percentage point, the biggest hike since 1994. new projections show interest rates may hit 3.4% by the end of the year, but because inflation is rising far faster than any of those rates, any money in savings is still being eroded. there s also a spade of layoffs adding to investor fears. cnn reports two u.s. real estate companies that had flourished in the pandemic announced layoffs of 8 and 10%. coin base laid off 18% of its staff. spotify plans to reduce hiring by 25%. elon musk, who already said he wants to lay off 10% of the tesla staff, is now intimating that if he acquires twitter, job cuts could follow. meanwhile, meanwhile, you ve got the january 6

Inflation rateBallot boxU s8 6January 6thStock marketLaying siege to american s pocketbooks and life savings11 trillion1 trillionJanuary 6th 20213 trillionAuto insuranceS p 5 8Fixed rate mortgageCredit card rate auto loans5 8