The Jobs Report Was Inconclusive, So the Nationâs Eyes Turn to CPI Last weekâs inconclusive jobs data means that this weekâs inflation data has the potential to be very consequential. The Department of Labor reported that the economy added a much higher-than-expected 275,000 jobs in February, according to the establishment survey, but there were large
Breitbart Business Digest: Inflation Is Back and Rising Again
April 26, 2024 by
Weâre No Longer Headed Toward the âLast Mileâ on Inflation Inflation accelerated for the fourth straight month in February, confirming the upward momentum in prices and further undermining the case for rates cuts from the Federal Reserve this year. The consumer price index (CPI) rose 0.4 percent from January, a tick above the 0.3 percent
Breitbart Business Digest: Immigration Will Not Lower Inflation
April 25, 2024 by
Border Chaos Has Added Millions of Foreigners to Labor Force Immigration is not going to bail America out of our inflation mess. The United States is experiencing an enormous surge of migrants. The Department of Labor says that the labor force has increased by 4.6 million foreign born workers during the Biden administration, including an
Yellen on Inflation Upticks: Trend ‘Favorable’ But Don’t ‘Expect This to Be a Smooth Path Month to Month’
April 25, 2024 by
During an interview with the Fox Business Network on Wednesday, Treasury Secretary Janet Yellen reacted to the February CPI and rises in inflation over the past three months by stating that she doesnât âexpect this to be a smooth path month to month, but the trend is clearly favorable.â Fox Business White House Correspondent Edward
Argentinaâs Inflation Slows Down After 3 Months of Milei âShock Therapyâ
April 25, 2024 by
The National Institute of Statistics and Census of Argentina (INDEC) announced on Tuesday that Argentina registered a 13.2 percent inflation rate in February, marking the second month in a row where inflation has slowed down as a result of President Javier Mileiâs austerity policies. Upon taking office in December, Milei applied a series of âshock
White House: PPI Inflation Hitting 11-Month High ‘Tempers’ Worries, ‘Inflation Has Been Coming Down’
April 17, 2024 by
On Thursdayâs broadcast of Bloombergâs âBalance of Power,â White House Council of Economic Advisers member Heather Boushey stated that the March PPI inflation data, which showed the highest level in almost a year, âtempersâ worries in the wake of the CPI report and argued that âWe continue to see this economy delivering for the American
White House: Biden’s Fighting Inflation with Student Loan Plan
April 12, 2024 by
On Thursdayâs broadcast of Bloombergâs âBalance of Power,â White House Council of Economic Advisers member Heather Boushey stated that President Joe Biden is fighting inflation and its impact by âlowering the cost of student debt for all of those borrowersâ with the student loan plan he announced earlier in the week. Boushey said, â[T]he President
Biden Co-Chair Clyburn on Klain Inflation Criticism: ‘I’m Not an Economist’ ‘Don’t Know How These Issues Really Work’
April 11, 2024 by
On Wednesdayâs broadcast of âCNN Newsroom,â Biden Campaign Co-Chair Rep. James Clyburn (D-SC) responded to criticism by Bidenâs former Chief of Staff Ron Klain of President Joe Biden for touting infrastructure when people are dealing with inflation by stating, âWell, Iâm not an economist. I donât know how these issues really work.â But people who
Dem Gov. Walz: ‘General Malaise’ Attached to Biden Due to Inflation, But Eggs Are Up Due to Bird Flu
March 29, 2024 by
On Thursdayâs broadcast of NBCâs âMTP Now,â Minnesota Gov. Tim Walz (D) stated that âprices are still up. So, thereâs kind of a general malaise that gets attached to the president.â But egg prices are up âbecause of bird flu, because of some of the things that have happened, and a president gets attached to
Inflation Reignites: Fed’s Favorite Inflation Gauge Shows Prices Rising Again
March 28, 2024 by
A key measure of inflation in the U.S. showed that prices climbed again in December, suggesting the respite from rising prices seen in the prior month was short-lived. The personal consumption expenditure price index rose 0.2 percent compared with the prior month, in line with expectations and an increase from the negative 0.1 percent reading
Twas the Season: Retail Sales Surge Higher Than Expected, Threatening to Ignite Inflation
March 20, 2024 by
American shoppers eagerly reached for their wallets and credit cards in December to spend far more than expected, figures from the Department of Commerce indicated Wednesday. Retail sales in the U.S. rose 0.6 percent compared with the previous month, far above the 0.2 percent forecast. Compared with a year ago, sales were up 5.6 percent.
Inflation Reignites: Consumer Prices Rose at a Faster Pace in December
March 14, 2024 by
Inflation accelerated more than expected in December, marking the thirty-third consecutive month with annual prices rising significantly faster than the two percent target seen as healthy by the Federal Reserve. The consumer-price index, the Labor Departmentâs broad measurement of what consumers pay for goods and services, rose 3.4 in December from a year earlier. Economists
Bidenomics in Crisis: Majority of Voters Say Biden’s Policies Will Make Inflation Worse
March 3, 2024 by
Most Americans think Joe Bidenâs policies will cause prices to rise, a poll of registered voters by CBS News and YouGov shows. As the U.S. economy approaches the third anniversary of the explosion of inflation that has sent the cost of living soaring and real wages plunging, a solid majority of registered voters think Bidenâs
Inflation Picks Up Slightly as Bidenflation Persists for 32nd Straight Month
December 12, 2023 by
Chip Somodevilla/Getty Images Inflation accelerated slightly in November, marking the thirty-second consecutive month with annual prices rising significantly faster than the two percent target seen as healthy by the Federal Reserve. The consumer-price index, the Labor Departmentâs broad measurement of what consumers pay for goods and services, rose 3.1 in November from a year earlier
Fed Holds Rates Steady, Expects Economic Growth, Hiring, and Inflation to Slow
November 8, 2023 by
Anna Moneymaker/Getty Images Federal Reserve officials voted to leave the central bankâs benchmark interest rate unchanged, saying that it expects tighter financial conditions will weigh on economic activity, hiring, and inflation. The Fed said on Wednesday that it would hold its benchmark rate at a range of 5.25 percent to 5.50 percent, the range it
PCE Inflation Cools To Slowest Pace in Two Years
October 3, 2023 by
Inflation continued to cool in June but remains above the Federal Reserveâs target. The personal consumption expenditures price index was up 0.2 percent compared with a month ago, a slight pickup in prices compared with the 0.1 percent increase in May. Compared with year ago, the PCE price index is up three percent. The Fed
Breitbart Business Digest: Declining Job Openings May Help Bring Down Inflation
September 28, 2023 by
A Soothing JOLTS The doves got everything they could have wished for out of the Job Openings and Labor Turnover Survey (JOLTS) on Tuesday. Job openings fell to 8.827 million in the August report, which estimates vacancies as of the last business day of July. This is the first time openings have fallen below 9
UAW President: Companies Got Billions from Inflation Reduction Act, Workers Haven’t
September 26, 2023 by
On Mondayâs broadcast of CNNâs âThe Lead,â UAW President Shawn Fain talked about endorsing a candidate in the 2024 presidential contest and demands to the White House around guarantees for employees around electric vehicle provisions in the Inflation Reduction Act and stated that âitâs back to the same old story. When the corporations come to
Dem Rep. Slotkin: Inflation Hurting Auto Workers Helped Set the Scene for Auto Talks
September 24, 2023 by
On Thursdayâs broadcast of CNNâs âInside Politics,â Rep. and U.S. Senate candidate Elissa Slotkin (D-MI) stated that âthe scene for these negotiationsâ between automakers and the UAW was set by large profits for auto companies and the fact that âpeople who are working at those facilitiesâŚare struggling and have less money in their pockets because
Sanders: I Don’t Regret that Green Provisions in Inflation Reduction Act May Overrun Cost Estimate
July 2, 2023 by
On Thursdayâs broadcast of MSNBCâs âAll In,â Sen. Bernie Sanders (I-VT) said that he doesnât regret that the green provisions in the Inflation Reduction Act may end up exceeding their projected cost and âwe still have a long way to goâ on climate. Host Chris Hayes asked, âThe Inflation Reduction Act, thereâs something â thereâs
Axelrod: Biden’s Approval on Economy ‘Bad, Especially Relative to What He’s Achieved’ Due to Politics, Unease Largely ‘Driven by Inflation’Â
June 3, 2023 by
On Fridayâs broadcast of CNNâs âAC36src,â CNN Senior Political Commentator and former Obama Adviser David Axelrod stated that President Joe Bidenâs âeconomic approval numbers are actually quite bad, especially relative to what heâs achievedâ because of political polarization and a âsense of uneaseâ that is largely âdriven by inflationâ and also due to a âhangoverâ
CNBC: Majority of People Making $100K or More Say They’re Financially Stressed, Inflation Is Top Cause
April 12, 2023 by
On Tuesdayâs broadcast of CNBCâs âSquawk Box,â CNBC Senior Personal Finance Correspondent Sharon Epperson discussed CNBCâs Your Money Financial Confidence Survey that the network conducted with Momentive and noted that even a majority of people earning $100,000 or more say theyâre stressed about their personal finances and inflation is the top cause of this. Epperson stated
Summers: There’s Not Much ‘Evidence of a Basic Downwards Trend in Inflation’ and Fed ‘Has Considerably More Work to Do’
April 6, 2023 by
During an interview aired on Fridayâs edition of Bloombergâs âWall Street Week,â Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers argued that âwe donât have a lot of evidence of a basic downwards trend in inflationâ and the Federal Reserve âhas
Harvard Prof., Fmr. IMF Economist Rogoff: Bank Issues Not Fixed ‘at All’ and Things Will ‘Break’ Due to High Inflation, Slow China Growth
April 4, 2023 by
On Thursdayâs broadcast of CNBCâs âSquawk Box,â Harvard University Economics Professor and former International Monetary Fund Chief Economist Ken Rogoff argued that the issues around banks have not been fixed âat allâ because in a world with higher inflation and interest rates and poor growth in China, âweâre in a situation where things are going
Fmr. Obama Treasury Official Rattner: February CPI ‘Not a Good Thing’ for Getting Inflation to Goal, ‘What the Fed Really Looks at’ ‘Is Rising’
April 4, 2023 by
On Wednesdayâs broadcast of MSNBCâs âMorning Joe,â Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, stated that the core services inflation metric that the Federal Reserve âreally looks atâ is ârising and that is not a good thingâ to getting inflation down to the target level. Rattner said, â[I]nflation looked
Carney on âKudlowâ: The Fed Has Been Fueling Inflation and May âChicken Outâ from Fighting It
March 3, 2023 by
The Federal Reserveâs accommodative economic policies have been fueling inflation and now Fed officials may âchicken outâ from raising interest rates higher at their next meeting, Breitbart Economics Editor John Carney said in an interview Friday on Larry Kudlowâs eponymously named Fox Business show. The personal consumption expenditure (PCE) data released Friday makes clear that Fed
Carney on âKudlowâ: The Fedâs âHistoric Mistakeâ in Cutting Rates âRefueled Inflationâ
March 2, 2023 by
The Federal Reserveâs decision to scale back rate hikes at their last two meetings will be âlooked at as an historic mistake because that refueled inflation,â Breitbart Economics Editor John Carney said in an interview Wednesday on Larry Kudlowâs eponymously named Fox Business show. âI think that a lot of people thought that inflation was
ExclusiveâAlfredo Ortiz: Todayâs Historic Inflation Discredits Big Government
March 1, 2023 by
Nobel Prize-winning economist Milton Friedman explained, âInflation is always and everywhere a monetary phenomenon, in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.â On the campaign trail, President Biden said, âMilton Friedman isnât running the show anymore.â Talk about tempting
Joe Biden Not Worried About Inflation or Stock Market Plunge: ‘We’re Going to Be Fine’
November 16, 2022 by
President Joe Biden shrugged off the latest unexpectedly high inflation numbers on Tuesday even as they triggered a sudden plunge in the stock market. âI think weâre going to be fine,â Biden told reporters Tuesday night when asked about the disappointing data release earlier in the day. The president spoke briefly to reporters after traveling
Carney on âKudlowâ: The Big Biden âLie That Got Us Inflationâ
November 11, 2022 by
âThis is the lie that got us inflation,â Breitbart Economics Editor John Carney said in response to President Joe Bidenâs remarks on Wednesday touting his administrationâs spending policies and dodging any blame for inflation. Carney appeared on Larry Kudlowâs eponymously named Fox Business show on Wednesday following Bidenâs first press conference after Tuesdayâs midterm elections.