All Eyes Turn to This Week’s Inflation Report
Employment data was inconclusive, so public eyes turn to CPI Last week’s inconclusive jobs report means this week’s inflation report could have a huge impact. The Department of Labor reported that the economy worsened further. 275,000 jobs, far more than expected According to a survey of establishments, there was a significant downward revision in February […]
Dow Jones Futures: Meta, Nvidia, Super Micro Slide; CPI Inflation Report Looms – Investor's Business Daily
Dow Jones futures, S&P 500 futures and Nasdaq 100 futures were little changed ahead of Tuesday’s stock market open.leader in artificial intelligence Nvidia (NVDA) and super microcomputer (SMCI) Magnificent Seven stock continued to fall on Monday. meta platform (Meta) sold rapidly. X Late Monday, the AI giant oracle (ORCL) became the driving force behind profits. […]
Democrat economist gets honest about the inflation crisis and why that’s not good for Biden’s narrative
Democratic economist Gary Cohn refuses to let President Joe Biden ignore the American people. To help Mr. Biden’s re-election bid, the Biden administration is pushing a tone that is more bark than bite on the economy. For example, in last week’s State of the Union address, Biden claimed to have minimized inflation and created “15 […]
Americans expect high inflation to linger in latest New York Fed survey
Former Kansas City Fed President Thomas Honig responded to Jerome Powell’s statement that the Fed was not ready to start cutting interest rates “coast-to-coast.” Americans are bracing for continued high inflation for years to come, according to a major New York Fed survey released Monday. The median expectation is inflation rate According to the New […]
Inflation makes essentials unaffordable: ‘Younger generations are ‘paying their fair share in Biden’s economy
FOX News’ Dr. Nicole Saphier sat down with her co-hosts on “The Big Weekend Show” on Sunday to discuss how the current economy under the Biden administration is impacting the spending habits of young people. ”Gen Z and Millennials appear to be paying their fair share in the Biden economy. They buy groceries now and […]
Joe Biden Claims Inflation Trending Down
Claim: President Joe Biden said in his State of the Union address that the record inflation that paralyzed the country during his time in office is trending down. Verdict: Misleading. While it is true that the inflation rate has fallen from 9% to 3.1%, it has been trending upward over the past three months. According […]
Americans dish the truth on Biden’s inflation: Going ‘up and up and up’
FOX Business’ Madison Alworth speaks to diners in Reading, Pennsylvania who are still feeling sticker shock. President Biden may have touted an economic “resurrection” in Thursday night’s State of the Union address, but Americans still woke up Friday morning feeling an inflationary hangover. “We’re going to go grocery shopping now. We go every week and […]
Trump blasts Biden on border and inflation in rebuttal to expected State of the Union address
Former President Donald Trump issued a rebuttal to President Biden’s upcoming State of the Union address Thursday afternoon, slamming the president’s immigration and economic policies and calling the upcoming speech a “sad excuse.” . “Joe Biden is on the run from the record, lying like crazy trying to avoid responsibility for the horrific devastation he […]
Pollster warns Biden losing young, minority voters over inflation ahead of State of the Union address
President Biden plans to tout encouraging economic signs and his planned second-term agenda in Thursday’s State of the Union address, but polls show that young and nonwhite Americans are disgusted by high prices. It shows that they haven’t gotten people back yet. Two Ipsos polls conducted earlier this year found that American adults, by a […]
Fed Chair Jerome Powell says inflation progress ‘not assured’
Federal Reserve Chairman Jerome Powell told U.S. lawmakers on Wednesday that he still expects a rate cut later this year, but added that progress in lowering inflation is “not guaranteed.” “If the economy continues broadly as expected, it would be appropriate to begin tapering policy restraints at some point this year,” Powell said in preparation […]