The Fed released a report today showing that a majority of Americans said they were still being impacted by inflation last year. In some cases that meant not being able to pay bills or buy food. Inflation may have slowed last year, but it continued to deal heavy blows — some devastating — on Americans’ […]
It will be unsurprising to most of us that the wildly misnamed “Inflation Reduction Act” from the Biden administration not only did not help American citizens — but actually helped America’s existential enemy, Communist China. There is evidence that Joe Biden and his family have been receiving laundered Chinese […]
Fox Business host Neil Cavuto was not having it when White House Council of Economic Advisers Chair Jared Bernstein tried to explain away President Joe Biden’s repeated claims that the inflation rate was 9 percent when he took office in January 2021. Biden referenced that 9 percent statistic both during a CNN interview on May […]
Inflation dropped by one-tenth of one percent in April, according to the Labor Department. The Consumer Price Index fell to 3.4% in April compared to 3.5% in March. The closely watched “core” rate of inflation that excludes food and fuel costs rose 3.6% in April. That’s the lowest increase since April of 2021. […]
NEW YORK (AP) — Retail sales in April were unchanged from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome. The number followed a revised 0.6% pace in March, according to Commerce Department data released Wednesday. It rose 0.9% in February. That comes after sales fell 1.1% in […]
WASHINGTON (AP) — Consumer inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve as well as President Joe Biden’s re-election team. Prices rose 0.3% from March to April, the Labor Department said Wednesday, down slightly from 0.4% the […]
Home Depot‘s sales continued to soften in the first quarter as the nation’s largest home improvement retailer was not only constrained by high mortgage rates and higher inflation for its customers, but it also had to deal with a delayed start to spring. Sales slipped 2.3% to $36.42 billion for the period ended April 28, […]
WASHINGTON (AP) — The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year. A major concern expressed by both Fed policymakers and some economists […]
WASHINGTON — U.S. consumer sentiment fell sharply in May to the lowest level in six months as Americans cited stubbornly high inflation and interest rates, as well as fears that unemployment could rise. The University of Michigan’s consumer sentiment index, released Friday in a preliminary version, dropped to 67.4 this month from a final reading […]
President Joe Biden finally sat for an interview with CNN, but in doing so, delivered a major — and easily fact-checked — lie about the economy he inherited from President Donald Trump. During his Wednesday interview with the network’s Erin Burnett, Biden was asked about his economy and the possibility of more actions by the […]
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