Harris and Biden’s legacy? Inflation, debt, and a leaderless nation
Two realities plague our nation right now, and both will be worse if Donald Trump is defeated in November. Reality 1: The United States does not have a president or vice president. Joe Biden and Kamala Harris hold the titles of president and vice president and have offices in the White House, and their titles […]
Tim Walz Stumped By Question on Inflation; Repeats Lie About Trump ‘Sales Tax’
Democratic vice presidential nominee, Minnesota Gov. Tim Walz, was stumped Tuesday when a reporter asked him to explain what he and Vice President Kamala Harris would do to help families in financial difficulty. in Interview In an interview with WMAZ, a local CBS affiliate in Macon, Georgia, Walz began by saying that he and Harris […]
Argentina: President Milei Vows To Protect The Country’s ‘Fiscal Balance’ As Inflation Rates Stabilize
Argentine President Javier Milley waves at the podium during the Argentine Rural Association Expo in Buenos Aires on July 28, 2024. (Photo by MARCOS BRINDICCI/AFP via Getty Images) By Blake Wolf, OAN StaffMonday, September 16, 2024 2:21 PM Argentina's Liberal President Javier Milley stuck to his 2025 budget commitments during a presentation to Congress on […]
Inflation hits 2.5% in August, keeping the Fed on track to lower interest rates
Inflation is slowing and the Fed is likely to cut interest rates in September. (iStock) Annual inflation continued to rise slowly in August toward the 2% target rate set by the Federal Reserve. Consumer Price Index The Consumer Price Index (CPI) released by the Bureau of Labor Statistics (BLS). Prices rose 2.5% year-on-year in August, […]
Inflation Picked Up Again in August, Producer Price Index Shows
A key measure of U.S. inflation showed prices rising faster in August than the previous month, with prices of services rising sharply while prices of goods remained steady. The Producer Price Index (PPI), a measure of final demand, rose 0.2% from the previous month, beating the expected 0.1% increase, although the previous month's figure was […]
Holiday sales to grow at slowest pace since 2018; inflation wipes out consumers’ savings
U.S. holiday sales are expected to grow at the slowest pace since 2018 amid concerns that persistent inflation will wipe out consumer savings, according to a new survey. Holiday retail sales are projected to grow 2.3% to 3.3% from November through January, totaling $1.6 trillion. According to Deloitte's annual holiday retail forecast. That's a far […]
When Trump Imposed Tariffs, There Was Low Inflation
Republican vice presidential nominee Sen. J.D. Vance of Ohio said on CNBC's “Squawk Box” on Thursday that then-President Donald Trump did not cause inflation when he imposed tariffs. Vance said, “One of the classic examples that economists use to attack Donald Trump's economic policies is the tariffs that he put on washing machines and other […]
Stock market today: S&P 500, Nasdaq rise amid more signs of inflation cooldown – Yahoo Finance
U.S. stocks rose on Thursday as investors digested the latest inflation and labor data, testing lofty hopes for a quarter-point interest rate cut next week. The S&P 500 (^GSPC) rose 0.5%, the Nasdaq Composite Index (^IXIC) added 0.7% after a big closing gain led by tech stocks, and the Dow Jones Industrial Average (^DJI) added […]
Where is inflation the highest? Chicago and New York rank near the top
Eddie Ghabour, co-founder and CEO of Key Advisors Wealth Management, looks ahead to the Federal Reserve's long-awaited interest rate decision on “Varney & Co.” Americans face a very different situation. Inflation rate Inflation varies depending on where you live in the U.S., but the latest data shows that consumers in the Northeast and Midwest are […]
Argentina Measures 4.2% Inflation, Down from 25.5% When Javier Milei Took Office
Argentina's National Statistics and Census Institute (INDEC) announced on Wednesday afternoon that Argentina's inflation rate for August was 4.2%. INDEC Published The company released its latest detailed monthly report at 4 pm local time on Wednesday, explaining that the 4.2% inflation rate in August was an average taken from multiple sectors, with clothing and footwear […]