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Brown Cafe UPS Forum
UPS Union Issues
COLA is a 33 cent adjustment to top scale
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<blockquote data-quote="Up In Smoke" data-source="post: 5297698" data-attributes="member: 79702"><p>The dollar is at 10 year highs and up nearly 15% year over year. The 10yr treasuries are at 12 year highs and up nearly 150% year over year. Treasuries themselves are up nearly 500% since 2020. By the Fed raising rates and reducing the bond purchasing we are strengthening our dollar versus the rest of the world. Reducing subsidies from 750 billion in 2020 to something closer to the 75 billion (pre pandemic) will also strengthen our dollar. We reduced the deficit by 300 billion last year and if they maintain QT, we are looking at 1.3 trillion in deficit reduction this year. Weaning the economy off of near 0% interest rates and into something more sustainable is the goal of the Fed.</p></blockquote><p></p>
[QUOTE="Up In Smoke, post: 5297698, member: 79702"] The dollar is at 10 year highs and up nearly 15% year over year. The 10yr treasuries are at 12 year highs and up nearly 150% year over year. Treasuries themselves are up nearly 500% since 2020. By the Fed raising rates and reducing the bond purchasing we are strengthening our dollar versus the rest of the world. Reducing subsidies from 750 billion in 2020 to something closer to the 75 billion (pre pandemic) will also strengthen our dollar. We reduced the deficit by 300 billion last year and if they maintain QT, we are looking at 1.3 trillion in deficit reduction this year. Weaning the economy off of near 0% interest rates and into something more sustainable is the goal of the Fed. [/QUOTE]
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COLA is a 33 cent adjustment to top scale
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