Why The Public Doesn’t Trust Biden on Inflation
Biden’s battle with inflation and public opinion Why are Americans so unhappy with President Joe Biden’s economic leadership? Many Americans probably believe that Biden and his allies The most pressing economic issue What Americans are facing: Inflation. Polls all show Americans are deeply dissatisfied with Biden’s economic leadership. For example, the most recent Gallup poll […]
Americans’ inflation expectations creep higher again, key NY Fed survey shows
Former Kansas City Federal Reserve Bank President Thomas Honig responded to Jerome Powell’s comments on “Cavuto Coast to Coast” that the Fed isn’t ready to start cutting interest rates. Americans are bracing for continued high inflation for the next few years, according to a major survey released Monday by the Federal Reserve Bank of New […]
NYC Parents Outraged over $14 Waffle Cone Ice Cream: ‘Taking Advantage of Inflation’
New York City parents were outraged when they had to pay $14 for a waffle cone from an ice cream truck. Several parents decided to buy their kids ice cream from the pink ice cream truck near Astoria Park in Queens, but ended up paying more than they had planned. One parent paid $26 for […]
Is This Green Iron-fist Fantasy a Major Cause of Inflation and Economic Destruction?
Is rich people’s greentopian fantasy causing middle-class misery? The answer is yes, according to analysts such as Marlo Oaks, Utah state treasurer, and longtime investment manager. In fact, Oaks says he knows a major reason why increasing fuel prices, which drive up costs across the board, are so high: Supply is being choked off by […]
‘It’s Just Not’: Fox News Anchors Take Turns Pressing Biden Econ Adviser On Inflation
Fox News anchors John Roberts and Sandra Smith took turns pressing the Biden administration’s chief economic adviser Jared Bernstein on inflation. Biden told Yahoo Finance on May 14 that inflation “was at 9%” when he took office, a false claim he has repeated as recently as May 8 and April 10. Smith and Roberts jumped […]
Americans retirement outlook improves despite inflation: survey
Recent surveys suggest that Americans are feeling more optimistic about their retirement lives thanks to rising wages. (iStock) Confidence among U.S. workers and retirees about their retirement prospects has not yet fully recovered from record lows hit in 2023, but it is slowly improving, according to a recent survey. According to the Employee Benefits Institute […]
Fed’s Wait-and-See on Rate Cuts Further Supported by Extra-Hot “Core Services” PCE Inflation & Hot “Core” PCE Inflation
Housing inflation refuses to cool for the eighth month, and five of the remaining seven core services accelerated further. This is not good. The core PCE price index, which excludes the volatile components of food and energy and is the inflation index the Fed is focused on, jumped by 3.9% annualized in March from February, […]
NY Fed Gauge of Inflation Persistence Shows Stickiness Following Surge
According to a gauge from the Federal Reserve Bank of New York, inflation has only eased slightly after surging earlier in the year. The New York Fed’s model gauging the likelihood of continued inflation has revised upwards its projections for the first three months of the year, data from the bank showed on Monday, after […]
Biden mortgage trick will raise inflation
The Biden administration is doing everything in its power to ensure that Americans can “be happy owning nothing.” The company’s latest tactic is to increase consumer debt spending through second mortgages, which seems more about buying votes ahead of the election than helping Americans. Carol Ross, author of “You Will Own Nothing,” believes Americans need […]
Fed president: People would rather have recession than high inflation
Host Jack Otter and Barron’s Roundtable senior writer Nicholas Jasinski discuss why interest rate cuts are unlikely in 2024. Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, has said one thing we’ve learned over the past few years is that consumers would rather the economy fall into recession than continue to suffer the […]