Biden Blames Inflation on Trump
CLAIM: President Joe Biden claimed Wednesday that inflation was “soaring” when he took office. “Look, we’ve dramatically lowered inflation from 9% to nearly 3%. We’re in a better position, and we’re in a better position than we were when we took office,” Biden said Wednesday at a White House press briefing. “We are in a […]
Why inflation could be Biden’s downfall in swing state he’s eager to capture to get reelected
Inflation coming in hotter than expected in March poses a major problem for President Joe Biden, as residents of one swing state identified the topic as a major issue heading into November. A report released on Wednesday by the Bureau of Labor Statistics revealed that inflation rose 3.5% in the year ending in March. North […]
Gas, housing and car insurance costs soar, fueling inflation in March
March inflation rates showed gas, home and auto insurance to rise for another month (iStock) A stronger-than-expected rise in consumer prices in March pushed up inflation and gave the Federal Reserve more reason to delay cutting interest rates. On an annualized basis, prices rose 3.5% in March, higher than last month’s 3.2% rise and also […]
Democrat claiming ‘inflation rates are down’ interrupted by higher than expected inflation report
On Wednesday morning, reality collided with Democratic lawmakers’ efforts to defend President Biden’s record on inflation. South Carolina Representative James Clyburn spoke on MSNBC’s “Morning Joe” about a recent focus group in which he accused the president of “gaslighting” on the economy. Although Clyburn acknowledged that people are worry about inflationHe said that the inflation […]
Can Biden Quickly Reel In Runaway Inflation? Experts Weigh In
Prices continued to rise in March, and experts told the Daily Caller News Foundation that runaway federal spending was the main problem, but it remains unclear how much the Biden administration’s spending cuts will affect inflation. He said there was no consensus on whether it would have an impact. Inflation rose 3.5% year-on-year in March, […]
Wholesale inflation rose 0.2% in March, slightly below estimates
Wholesale prices last month posted the largest year-on-year increase in 11 months, but the following day, stock prices plummeted on a report on higher-than-expected U.S. inflation, raising concerns that the Fed won’t cut interest rates soon. It was the day after that. According to the U.S. Department of Labor, the producer price index, which tracks […]
Wholesale inflation jumps to highest level since April 2023
Former White House Chief Economist Joe LaBogna and JPMorgan’s Kelsey Bello discuss whether strong consumer spending is a “money-making” concern for the Fed. Inflation at the wholesale level picked up steam in March, the latest sign that price pressures within the economy remain uncomfortably high and difficult to control. The Labor Department announced Thursday that […]
High inflation is costing Americans an extra $1K a month
Inflation is falling, but food is still expensive to buy. According to the Bureau of Labor Statistics, food prices have risen 21% over the past three years, outpacing the overall inflation rate of 18% over the same period. Inflation is picking up steam again, forcing the average American to spend even more on everyday necessities. […]
The inflation vs. abortion, borders vs. democracy election
The 2024 election is a rematch between President Joe Biden and former President Donald Trump, but it will be a repeat in other ways, too. This year’s race is shaping up to be a contest over a handful of dominant issues, with inflation and the border benefiting Republicans while Democrats see abortion and what they […]
March Inflation Report Kills Chance of a June Rate Cut
Inflation shock sends tremors across Wall Street Was that an earthquake? The Ministry of Labor reported: Consumer Price Index (CPI) March rose by four-tenths of a percent, beating expectations and matching February’s readings. The so-called core consumer price index, which excludes food and energy prices, also rose 0.4%. of The year-on-year headline inflation rate was […]