Bidenflation’s Last Gasp? December Data Shows A Jump In PCE Inflation
The inflation pace picked up in the last month of Joe Biden's president's position has ended the worst burst of consumer prices that rises in 40 years. The personal consumption expenditure price index increased by 0.3 % in December, accelerating from the 0.1 % increase in November. During 2024, the index, which is a measure […]
Bidenflation’s Ghost Will Keep Haunting the American Economy
Trump inherits Biden's expensive financial legacy America may be almost done with Joe Biden's policies, but malign economic legacy We are not done with his departure from office. The latest economic data shows that Donald Trump will inherit the economy Inflation is entrenched at high levels, manufacturing is moribund, trade imbalances persist, budget deficits are […]
Bidenflation’s Resurgence Sends Consumer Sentiment Tumbling
A major survey of U.S. households on Friday showed a resurgence in inflation is starting to weigh on perceptions of the health of the U.S. economy. The University of Michigan’s Consumer Sentiment Index fell from 79.4 in March to a preliminary rating of 77.9 in April. Economists had expected the index to remain unchanged at […]