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Fed’s Preferred Inflation Gauge Show Prices Rising Sharply

The Fed’s recommended inflation measure showed prices rose sharply again in March, confirming that progress in bringing inflation down to the Fed’s 2% target has stalled. The personal consumption expenditure price index for March rose 0.3%, the Commerce Department released Friday. Compared to a year ago, the index is up 2.7%, slightly ahead of Wall […]

Biden assails ‘predecessor’ Trump, GOP in sharply partisan State of the Union speech

President Biden’s third State of the Union address scolded Republican policies and proposals, repeatedly citing his predecessor and Republican opponent, former President Donald Trump, who is seeking the White House in 2024. It was full of political moments. Biden’s speech Thursday night was criticized as similar to a campaign speech, as it touched on a […]

Biden touts cooling inflation, but prices are up sharply from 2021

Former President Reagan economist Art Laffer talks about inflation, recession concerns, and the impact of the election on the economy. President Biden hailed December's inflation report as a sign of progress in combating high prices. The data suggested the road back to normalcy could be bumpy. “We saw the prices of goods and services important […]