How Harris could tackle food inflation
Vice President Harris' proposal to ban food price gouging has caused a stir in business circles, with traditionalists and business groups worried about shortages, while other economists argue the proposal is well-suited to the nature of post-pandemic inflation. Details of the plan have yet to be released by the campaign, but Harris' initial remarks suggest […]
They know inflation is a killer: Peter Doocy
Fox News senior White House correspondent Peter Doocy discusses how President Biden says Vice President Kamala Harris will … source
Inflation Sends Cost of Cookouts Soaring
Americans are finding that firing up the grill and preparing the marinades over Labor Day weekend is losing out as they find that some of the staple ingredients for traditional barbecue are becoming significantly more expensive. It all starts with firing up the grill, which is more expensive than it was three and a half […]
Most Americans in new survey list inflation, homelessness as 'very serious' problems
The survey found that most Americans cited inflation and homelessness as “very serious” issues, as concerns about anti-Semitism and rising illegal immigration grew last year. New Research. A YouGov poll released Thursday found that inflation topped the list of “very serious” issues for voters for the third year in a row, with 67% saying the […]
Deficit spending, not 'price-gouging,' is driving inflation
In a recent speech, Vice President Kamala Harris announced a plan to ban what her campaign calls “food price gouging.” Americans are certainly concerned about rising costs, with the rising price of eggs being a prime example. 19 percent We've learned over the past year that inflation isn't caused by price gouging. But it can […]
Dow hits record close again as inflation data raises hopes of Fed rate cut
Wall Street closed higher on Friday, with the Dow Jones Industrial Average surging more than 200 points to close at another record high, as the latest U.S. economic data stoked hopes that the Federal Reserve will deliver a small interest rate cut in September. The Dow Jones Industrial Average rose 0.6% to 41,563.08 after hitting […]
Inflation Climbed At Moderate Pace In July as Consumer Spending Picked Up
Consumer prices rose at a slightly faster pace last month than the month before, Commerce Department data released Friday showed. The personal consumption expenditures price index rose 0.2% in July from June, accelerating from June's 0.1% increase from May, the acceleration was in line with economists' expectations. Over the past year, the personal consumption expenditures […]
Fed’s preferred inflation gauge ticked up in July as likely interest cut looms
The Federal Reserve's preferred measure of inflation rose slightly last month and consumer spending also grew robustly, suggesting the economy remains strong and providing a case for the central bank to oppose a half-percentage-point interest rate cut next month. The Commerce Department said on Friday that the personal consumption expenditures (PCE) price index rose 0.2% […]
Inflation measure closely watched by the Fed rises 2.5% in July
Mark Heppenstall, chief investment officer at Penn Mutual Asset Management, joins “Mornings with Maria” to share his thoughts on some of the headlines in the U.S. economy. The inflation indicator is Federal Reserve System It rose slightly in July as rising prices continue to weigh heavily on millions of Americans. The Commerce Department said Friday […]
Inflation holds steady as Fed nears rate cuts
Inflation held steady in July as U.S. households increased spending and saw their incomes rise slightly, according to data released Friday by the Bureau of Economic Analysis. The personal consumption expenditures (PCE) price index, the Federal Reserve's preferred way of measuring inflation, rose 0.2% last month and 2.5% over the past year. Both the monthly […]