Inflation cools, but we’re not out of the woods yet
The Bureau of Labor Statistics released its Consumer Price Index report for June 2024 last week, showing a 3% year-over-year inflation rate, beating economists’ expectations. Core CPI, which excludes food and energy costs, rose 0.1% month-over-month, bringing the annual rate to 3.3%. Left-leaning economic experts in the mainstream media are now calling for the Federal […]
It Bothers Me Trump ‘Lies’ and Says 20% Inflation Under Biden Is Worst, There Was Blood on Hand After Shooting
During an episode of HBO’s “Real Time” airing on Friday, host Bill Maher expressed displeasure with former President Donald Trump, a 2024 Republican presidential candidate, for claiming that the 20% inflation rate since Biden took office is the worst on record, and for Trump saying he had blood on his hands after being shot when […]
Trump vows ‘incomes will skyrocket’ and ‘inflation will vanish’ in second term
MILWAUKEE — Donald Trump promised in his Republican nomination acceptance speech Thursday night that if he wins a possible second term, “income rates will soar,” “inflation will disappear” and the Federal Reserve will “cut interest rates.” The 78-year-old former president unveiled an economic plan that includes eliminating the tip tax and tariffs on other countries, […]
Top Fed officials signal possible rate cut as inflation cools
The Federal Reserve’s two top officials signalled the central bank could cut interest rates later this year as inflation shows signs of easing, but warned that no cuts were expected this month. John Williams, president of the New York Federal Reserve Bank, He told the Wall Street Journal He said Tuesday that the cooling labor […]
Taylor Swift tour hotel demand helps keep UK inflation at 2% | Inflation
The chances of an interest rate cut in August were hit after progress on tackling inflation stalled last month due to rising hotel prices that some analysts blame on the “Taylor Swift effect”. The government’s preferred cost-of-living gauge remained at its 2% target for the second consecutive month in June. The Office for National Statistics […]
UK grocery inflation falls to 1.6%; Fed chair Powell hints at US rate cuts – business live | Business
Important Events Julia Korewe The water regulator in England and Wales is taking action against four more water companies, including Severn Trent and United Utilities, over sewage spills, just days after they were accused of “disrespecting” customers over recent water price increases. Ofwat said it had issued formal notice. Dwy Cymru Welsh Water, Hafren Dyfdwy, […]
Back-to-school spending will likely stay flat or drop as inflation persists: survey
Back-to-school spending is likely to remain flat or fall slightly this year as cash-strapped parents, hard hit by inflation, pull back on electronic purchases in favor of value, a new survey finds. Citing consumer research, Deloitte said consumers could spend about $586 per student from kindergarten through 12th grade, or $31.3 billion. By 2023, it […]
Fed’s Powell says officials won’t wait until inflation reaches 2% to cut rates
Gabriela Santos, chief market strategist at JPMorgan Asset Management, analyzes the Fed’s decision-making on “Clamant Countdown.” Chairman of the Federal Reserve System Jerome Powell The Fed chairman said Monday that policymakers are not going to wait until inflation falls to 2% before cutting interest rates. “What that means is that waiting until inflation gets down […]
Wells Fargo Turns to Digital, AI as Inflation Batters Deposits – PYMNTS.com
Banks today are caught between the ongoing digital shift and a challenging macro environment. Together release As Wells Fargo reported its second-quarter 2024 financial results on Friday (July 12), it became clear that juggling the two and keeping compliance and risk management top of mind is a top priority for the financial institution and its […]
Blaze News Tonight RECAP Project 2025 the SAVE Act Inflation
The left is in a state of panic, denouncing Project 2025 as far-right extremism. Really What does the document say? Kevin Roberts, president of the Heritage Foundation and co-author of the effort, joins us to answer questions and expose lies about Project 2025. Next, Senator Mike Lee (R-Utah) discusses the SAVE Act, a bill that […]