Fed Chair Jerome Powell notes consumers are trying to save money due to inflation.
Fed Holds Interest Rates Steady Amid Ongoing Economic Concerns The Federal Reserve has decided to maintain interest rates at their current level, as reported by Edward Lawrence from FOX Business. This announcement comes during a time of rising inflation that continues to affect many American households. Chairman Jerome Powell noted that a significant number of […]
Expenditure, Employment, and Decreasing Inflation Indicate Quicker Growth in 2026
This Economic Expansion Appears Stronger than Expected The widely held expectation of a 2% growth in the economy for the upcoming year seems increasingly disconnected from what’s actually happening. Consumer spending maintained a steady rise in November. American consumers, benefiting from increasing incomes, moderate inflation, and stable job levels, are showing impressive confidence as they […]
Preferred inflation measure rises, impacting expectations for rate cuts
Inflation Measure Increases in November In November, the inflation measure recommended by the Federal Reserve saw an increase, indicating that while consumer spending remains robust, prices are still elevated. The Department of Commerce reported that consumer prices rose by 2.8% compared to November of the previous year, up slightly from October’s annual rate of 2.7%. […]
Pound Sterling strengthens as UK inflation increases beyond forecasts
During Thursday’s European trading session, the British pound (GBP) saw an uptick against most major currencies, with a few exceptions. This rise followed the announcement that the UK’s Consumer Price Index (CPI) had unexpectedly increased in December. Recent data revealed that the annual inflation rate climbed to 3.4%, surpassing the anticipated 3.3% and up from […]
US Dollar Index remains steady around 99.00 before GDP and PCE inflation figures
The US dollar index (DXY), which gauges the dollar’s value against six key currencies, has held steady after slight increases in the prior session. As of Thursday, DXY is hovering around 98.80 Asian time. Traders are looking ahead to the weekly jobless claims, annualized GDP, and personal consumption expenditure (PCE) inflation data for fresh insights […]
Business Inflation Expectations Decline Again, Strengthening Trump’s Argument for Rate Reductions
Federal Reserve officials are feeling more pressure to rethink their interest rate approach, especially after recent surveys indicate that businesses anticipate costs to rise at the slowest rate since the pandemic began. At the same time, the Trump administration is highlighting this data in its push to lower borrowing costs. On Wednesday, the Atlanta Fed […]
Pound Sterling struggles despite higher-than-expected inflation in the UK
The British pound (GBP) struggled against other major currencies on Wednesday following a report from the Office for National Statistics (ONS) that showed inflation climbed more than anticipated in December. The annual inflation rate in Britain reached 3.4%, surpassing the expected 3.3% and the 3.2% from November. Month-on-month, the Consumer Price Index (CPI) rose by […]
Social media reacts strongly to how inflation is portrayed under Biden and Trump.
CNN is receiving criticism on social media as users highlight discrepancies in the network’s portrayal of the economy during President Donald Trump’s and former President Joe Biden’s tenures. This follows a post shared by CNN on X regarding inflation under Trump, which Daily Wire senior editor Cabot Phillips utilized to illustrate different perceptions of inflation […]
December’s CPI Report Seals the Fate of Tariff Inflation
Goodbye Tariffs – Fear of Inflation The December Consumer Price Index (CPI) released by the U.S. Bureau of Labor Statistics indicates that the anticipated surge in prices due to tariffs has largely not occurred and is, in fact, behind us. Everyday essentials excluding food and energy were unaffected by tariffs on imported industrial goods, showing […]
Beef prices increase by 16.4% year-over-year in December inflation report
Beef Prices Surge as Stocks Reach Historic Lows Nate Lempe, President and CEO of Omaha Steaks, commented on the rising prices of beef as the holiday season approaches. He emphasized that the U.S. needs to focus on rebuilding its beef herd. Recent inflation data indicates that U.S. households are spending more on beef products like […]