How it started … How it’s going: Inflation down in June, but food, housing prices still up under Biden
“The Big Money Show” co-host Brian Bremberg breaks down the latest inflation data and discusses California’s $20 minimum wage hike. President Biden Though prices remain uncomfortably high for millions of Americans, the U.S. government celebrated a victory on Thursday after inflation fell to its first decrease in four years. The U.S. Department of Labor said […]
Inflation turns corner at precarious moment for Biden
After years of high inflation, the economy is shifting in Biden’s favor, but his highly criticized debate performance has overshadowed concerns about his age and overall health. Biden has struggled for months to convince voters of his handling of the economy after three years of high inflation and persistent, though unrealized, fears of a recession. […]
Consumers Finally Get Some Relief From Inflation As Prices Decline for First Month Since 2020
Consumers are experiencing their first relief from inflation since the peak of the 2020 pandemic. In an unexpected development, the Labor Department said on Thursday that prices for consumer goods and services fell in June. The big drop signals a recent slowdown in inflation and is raising hopes that the Federal Reserve may sharply cut […]
Inflation unexpectedly drops to 3% in June
Nancy Tengler, CEO and CIO of Laffer Tengler Investments, explains why she recommends investing in stocks over bonds over the long term. Inflation rate fell more than expected in June Federal Reserve Prices remained uncomfortably high for millions of Americans. The Labor Department said Thursday that the Consumer Price Index (CPI), a broad gauge of […]
ALFREDO ORTIZ: Democrats Have Mastered The Art Of Inflation
Inflation has eased, but the damage is already done. Government data released Thursday showed the Consumer Price Index rose 3% from last year, while the core CPI rose 3.3%, still high levels and 50% above the Federal Reserve’s target rate. Even more problematic is that today’s inflation A historic 20% increase Prices have been rising […]
Inflation Falls Below Expectations As Economy Cools
Rising prices continue to weigh on the finances of the average American, with inflation falling slightly in June compared to a year ago, according to the latest data released by the Bureau of Labor Statistics (BLS) on Wednesday. According to the Bureau of Labor Statistics, the Consumer Price Index (CPI), a broad gauge of the […]
Inflation has spread to your air conditioner, and federal regulations are the cause
Fourth of July kicks off the hottest two-month stretch of the year in the United States, and for much of the nation, it is hard to imagine getting through it without air conditioning. But millions of homeowners whose systems conk out will soon learn that air conditioning has joined the long list of items hit by […]
Stock futures dip slightly as traders brace for key consumer inflation report: Live updates – CNBC
13 minutes ago European stocks open higher See the chart… Stoxx 600 Index. 8 hours ago Federal Reserve Fines Citigroup $60.6 Million The Federal Reserve on Wednesday fined Citigroup $60.6 million for violating a 2020 enforcement action. press release. “Citigroup failed to adequately remediate its data quality control issues and failed to implement compensation controls […]
Fed Chair Jerome Powell focused on soft landing, says inflation fight isn’t over
Federal Reserve Chairman Jerome Powell said on Wednesday he is not yet ready to declare that inflation has been conquered but believes the U.S. remains on a path to continued price stability and low unemployment. Powell and other Fed officials have said they won’t cut interest rates until they have more confidence that inflation, which […]
The GOP needs to stay focused on inflation, not cognition
The media has finally woken up and noticed Joe Biden’s cognitive decline, which has been obvious to anyone who has seen him since at least 2019. The sudden shift in media discourse reveals just how dishonest the corporate media has been on a range of topics, including the president’s intellectual acuity. But this new circus […]