Inflation dampens Biden campaign’s fundraising gloating, just as it threatens Biden’s re-election hopes
President Joe Biden's campaign has touted its recent fundraising numbers, but inflation has undermined the significance of those totals. campaign Said On Monday, the company announced it raised $97 million in the fourth quarter of 2023, ending the year with a whopping $117 million in cash. The latter figure is “the highest amount ever raised […]
Credit card delinquencies surge as Americans battle high inflation, interest rates
Portfolio Wealth Advisors President and Chief Information Officer Lee Manson talked about the expected earnings releases of major banks, the Federal Reserve's interest rate cuts, and gave his outlook for the market this year. More Americans are falling behind on their monthly credit card payments as the country continues to battle high inflation and interest […]
Inflation still hitting Americans hard, new survey finds
Inflation still looms large over the heads of many Americans as they head to the grocery store. A recent study by Axios Vibes found that 59% of respondents felt “angry, anxious, or resigned” while grocery shopping, with anger being the most common emotion. Additionally, 72% of respondents said food items would be most affected by […]
Fed’s Bostic warns US progress on inflation is likely to slow
Atlanta Fed President Rafael Bostic said inflation could “see-saw” if policymakers cut rates too soon, and the decline in inflation toward the central bank's 2% target will slow in coming months. The Financial Times reported on Sunday that it was likely to happen. “We expect inflation to move more slowly going forward,” Bostic, a voting […]
Boeing, bitcoin, SEC hacked and inflation pops
BlackRock CEO Larry Fink says Fox Business' Charlie Gasparino's ingenuity is “driving” the economy and talks about ESG and Bitcoin on “Craman Countdown.” – Dummy door comes off during flight, deepening crisis between Boeing and Alaska Airlines -Bitcoin gets its first ETF after SEC final approval.The move came in the wake of an embarrassing cybersecurity […]
How the Establishment Media Lies about Inflation
The ruling media has no idea what the PPI measures… There is growing evidence that the economic factors that slowed the pace of price growth in the first half of last year have subsided. The Ministry of Labor said on Friday: Producer Price Index (PPI) for final demand Compared to the previous month, it fell […]
Red Sea attacks hike shipping costs 600% risk prolonging inflation
Terrorist attacks on commercial ships in the Red Sea have driven up shipping costs by more than 600% since the outbreak of the conflict between Israel and Hamas, potentially undermining the Federal Reserve's efforts to curb U.S. inflation. Crude oil prices briefly topped $80 a barrel on Friday, but rose to $78.29 a barrel as […]
Credit card delinquency soars above pre-pandemic level amid high interest rates, inflation
Credit card delinquencies have surpassed pre-pandemic levels and are approaching highs not seen in more than a decade as high interest rates make it harder for shoppers struggling with inflation. Credit card balances exceeded $5 trillion for the first time last November, and all stages of credit card delinquency (30-day, 60-day, and 90-day delinquency) were […]
Oil Prices Surge As Red Sea Conflict Escalates, Threatening More Inflation
Oil prices rose as much as 4% on Friday after the US and UK launched missile attacks on Iranian-backed Houthi rebels in retaliation for a Red Sea ship attack. The price of Brent crude, the world benchmark, soared above $80 a barrel to its highest price this year, before falling to around $79 a barrel […]
Wholesale inflation cools more than expected in December
Mark Smith, SVP of Wells Fargo Advisors, and Phil Brancato, chief market strategist at Ozaik, analyze December's inflation data and discuss how investors should act in the bond market when it comes to “making money.” Discuss Kika. Wholesale-level inflation slowed more than expected in December, providing evidence that price pressures within the U.S. economy continue […]