The University of Michigan’s gauge of consumer expectations for inflation over the next 12 months surged higher in early February, indicating that American households think inflation will go much higher over the coming year. Consumers expect prices to rise 4.3
The latest numbers from the Commerce Department indicate that the inflationary legacy of Joe Biden is still with us.
On Wednesday’s broadcast of Bloomberg’s “Balance of Power,” Rep. Debbie Wasserman Schultz (D-FL) stated that President Donald Trump hasn’t brought down costs after “Joe Biden handed Donald Trump the strongest economy in the entire world.” And is undoing work “to
Jerome Powell did a fine job at his press conference Wednesday of staying out of the way of politics despite being peppered with questions from reporters practically begging him to weigh in against President Donald Trump’s policies.
After four years of gaslighting the American people that inflation was transitory or non-existent, and just days after assuming office, the Democrat Party is blaming inflation on President Donald Trump.
President Donald Trump’s signature bravado was on full display at the World Economic Forum in Davos this week as he vowed to “demand” lower interest rates from the Federal Reserve.
Joe Biden’s tenure as president will likely be remembered as an era of economic mismanagement, a vivid demonstration of what happens when the aimless pursuit of power combines with unbridled ideology to trump prudence.
During an interview with MSNBC aired on Thursday’s broadcast of “The Last Word,” President Joe Biden stated that he decided to proceed with massive stimulus spending despite warnings that it would create inflation by people like Harvard Professor Larry Summers
During an interview with Bloomberg aired on Thursday’s “Balance of Power,” White House Council of Economic Advisers Chair Jared Bernstein acknowledged that there wasn’t an inflation spike caused by tariffs in the first Trump administration, but argued that things in 2025
During an interview with Bloomberg aired on Thursday’s “Balance of Power,” White House Council of Economic Advisers Chair Jared Bernstein stated that “strong demand” did help cause inflation and he accepts that the upward pressure on prices from COVID stimulus
America may be just about done with Joe Biden, but the malevolent economic legacy of his presidency is not done with us.
The December CPI report is a sign that the Fed’s fight against inflation has stalled.
U.S. consumer prices climbed at a faster rate in December, capping off the inflation-plagued Biden administration’s final year and suggesting that the Federal Reserve’s efforts to bring down inflation may have run out of steam. The Consumer Price Index increased
A resilient labor market, the improving outlook among small businesses, and persistent inflation pressures are signals that the Fed’s September and October rate cuts may have been premature.
America is entering the “Make America Wealthy Again” era, Team Trump hypes in a video first obtained by Breitbart News, one week out from Inauguration Day.
The Federal Reserve’s rate-cutting cycle has very likely come to an end—although it may take Fed officials several months to figure this out.
The Fed’s one hundred basis points in cuts at the end of last year has ignited fears of surging inflation.
On Monday’s broadcast of “CNN This Morning,” Rep. Jake Auchincloss (D-MA) stated that people take for granted that they were “allowed” “to move on to concerns about the economy, to concerns about border security” due to the 2020 election being
On Monday’s edition of NBC’s “MTP Now,” Rep. Zoe Lofgren (D-CA) stated that “We have prices that are too high for people” and the large spike in prices “has really been very troubling and difficult for a lot of American
During an interview with C-SPAN on Friday, Rep. Debbie Dingell (D-MI) stated that people are still worrying about the high prices of groceries, seeing rent increases, and “can’t afford to buy a home.” Dingell stated, “I go to Kroger on
People across America are feeling the sting of the rising cost of eggs that is in part being driven by the bird flu outbreak.
On Friday’s broadcast of CNN’s “OutFront,” New York State Sen. James Skoufis (D), who is also running to be the chair of the Democratic National Committee, stated that the Democratic Party has an issue because the American people don’t trust
Biden’s dismissal of inflation concerns wasn’t just a verbal misstep. It was a bizarre signal that Biden wasn’t in touch with the policy discussion going on across the country.
The Big Lots retailer is preparing to shut down all its stores after filing for bankruptcy and closing over 400 stores this year.
A slightly better than expected report on inflation.
Federal Reserve officials this week came as close as they are probably ever going to get to admitting that the aggressive interest rate reduction they enacted weeks before the 2024 election was a mistake.
Tariffs planned by President-Elect Donald Trump next year will not spike inflation, incoming trade advisor Peter Navarro says.
We’ve been told for four years that inflation will soon stabilize and disappear thanks to Joe Biden’s awesome stewardship of the economy, and yet…
The Fed seems bent on cutting rates again this month. Trump’s economic team is worried this could revive inflation.
On Saturday’s broadcast of the Fox News Channel’s “Fox & Friends,” DNC National Finance Committee member and former Harris-Walz Campaign Surrogate Lindy Li stated that, currently, “the economy is ailing under the Biden-Harris administration.” And that while inflation has fallen, “cumulative
Joe Biden and Kamala Harris are leaving office in a little more than a month, but their disastrous economic policies that have led to sky-high consumer prices are still being felt by ordinary Americans — especially in the streaming entertainment field.
The latest sign that the fight against inflation is not yet won.
The Federal Reserve is about to triple down on its September rate cut mistake by reducing its benchmark for a third consecutive time next week.
New York Gov. Kathy Hochul has proposed a one-time $300 payment to individuals earning $150,000 or less, her office announced Monday.
The election of Donald Trump has already sparked a turnaround in sentiment among consumers and businesses, with the vibecession falling away and the rosy-fingered dawn of a new golden age spreading from sea to shining sea.
Federal Reserve officials appear poised to repeat the mistake of September and November by cutting interest rates again when the economic data clearly calls for a pause.
On Friday’s “PBS NewsHour,” Washington Post Associate Editor and MSNBC host Jonathan Capehart stated that “among many things that I found troubling about the 2024 election” was the fact that voters decided “Gas is too high, grocery store prices are
The acceleration of inflation since the Federal Reserve cut interest rates in September suggests that the move was a mistake.
Forty-four percent of Americans hosting Thanksgiving are concerned about the cost of the event as they continue to face inflation in the Biden-Harris era, according to Deloitte survey data.
