Inflation expectations among American consumers surged in January, according to the latest University of Michigan survey, casting doubt on the Federal Reserveâs decision to cut interest rates three times late last year. The findings suggest that while consumers feel marginally better about their personal finances, concerns about rising prices in the months ahead have intensified.
Inflation Expectations Surge, Pulling Down Consumer Sentiment, Casting Doubt on Fed Policy
January 12, 2025 by
U.S. Trade Deficit Narrows Sharply in October, Exceeding Expectations
December 7, 2024 by
The U.S. trade deficit contracted significantly in October, declining 11.9 percent to $73.8 billion, according to data released Thursday by the Commerce Department. This marked a sharper-than-expected narrowing, as economists had anticipated a deficit of $75.4 billion. The September trade gap was revised downward to $83.7 billion from an initial estimate of $84.4 billion. October
‘Your Expectations Are Not Big Enough’: 17 Great Lines from Trump’s RNC Speech
July 23, 2024 by
Evan Vucci / Associated Press President Donald Trumpâs speech Thursday accepting his partyâs presidential nomination at the Republican National Convention made headlines for three reasons. 1. He told the deeply moving story of his experience of surviving an assassination attempt; 2. He broke the record for length for an acceptance speech, at 92 minutes; 3.
âThe Bigotry Of Low Expectationsâ: Horace Cooper Dismisses Bidenâs Claim That Black People Canât Hire Lawyers, Accountants
June 6, 2021 by
Project 21 Chairman Horace Cooper said Saturday that President Joe Biden is guilty of âthe bigotry of low expectationsâ by claiming black people canât hire lawyers or accountants and be successful entrepreneurs. Biden made the remarks Tuesday during a speech to mark the centennial of the 1921 Tulsa Race Massacre. WATCH: âIâm black. Iâm a…
Prosperity: January Jobs Report Beats Expectations With 200K Jobs Added, Wages Grow at Fastest Rate in Years.
February 3, 2018 by
Somewhere, Nancy Pelosi is chewing the inside of her cheek as she glares icily at a life-size Donald Trump ‘FatHead’ decal she’s plastered onto the ceiling over her bed. Â Yes, friends, the news for the US economy and American workers is that good. Â In all seriousness, the January jobs report isn’t a blockbuster, but it’s […]
Economy grew 1.2% in second quarter, far below expectations
July 30, 2016 by
The sputtering, weezing US economy is barely managing to keep its head above water as the Department of Commerce announced second quarter growth of 1.2%, far below the 2.6% predicted by private economists.. In addition, first quarter growth was revised downward from 1.1% to 0.8%. Most indices were equally weak with a couple of exceptions. […]
Bernie Sandersâs Bigotry of Low Expectations
April 22, 2016 by
On the domestic campaign trail, Bernie Sanders has talked repeatedly about economic inequality, a criminal justice system that incarcerates a disproportionate number of black people, and of the need for a political revolution. Sanders portrays the problems of black people as the problem of poor people and those entangled in the criminal justice system. When […]