February 7, 2025

Inflation Expectations Surge, Pulling Down Consumer Sentiment, Casting Doubt on Fed Policy

Inflation expectations among American consumers surged in January, according to the latest University of Michigan survey, casting doubt on the Federal Reserve’s 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.

Breitbart Business Digest: Inflation Is Still a Big Problem and the Fed Could Make It Worse

The Inflation Trend Is Not Our Friend The Federal Reserve is about to triple down on its September rate cut mistake by reducing its benchmark for a third consecutive time next week. The federal funds futures market currently implies a 95 percent chance of a Fed cut at the December meeting of the Federal Open

Opinion: JD Vance Epically Fails to Understand How Inflation Works

“So he’s an idiot, right?” The New Abnormal co-host Danielle Moodie asks after the GOP vice presidential nominee’s bungled explanation. Published  Sep. 01, 2024  5:00AM EDT  opinion Photo Illustration by Erin O’Flynn/The Daily Beast/Getty Images Listen to this full episode of The New Abnormal on Apple Podcasts , Spotify , Amazon , and Stitcher .

Trump Vows to Sign Executive Order ‘Directing’ Cabinet Secretaries, Agencies to ‘Use Every Tool’ to ‘Defeat Inflation’

Former President Donald Trump vowed that if elected president, he would “sign an executive order directing” each cabinet secretary and agency head to “use every tool” they had to defeat inflation. “On my first day back in the Oval Office, I will sign an executive order directing every cabinet secretary and agency head to use

Trump hammers ‘defective’ Democrats on border, inflation and foreign policy in a wide-ranging interview with Elon Musk

Former President Donald Trump and billionaire business tycoon Elon Musk chewed over several key 2024 election issues during their much-anticipated X discussion on Monday. More than 1.2 million users of Musk’s social media platform tuned in to the interview — billed as a “conversation” or a “chat” — and heard the Republican nominee for president […]

Denny’s ‘Lumberjack Slam’ Platter Triples in Cost, Rising to $18 amid Inflation

A Denny’s breakfast platter has apparently become extremely expensive amid choking inflation and labor costs. A post on Reddit shows an image of the restaurant’s menu where the price of the Lumberjack Slam sits at $17.99, the New York Post reported on Friday, noting that a decade ago, the meal cost around $5.99: Denny’s $18

Minneapolis Fed Pres.: Gov’t ‘Contributed to’ Inflation, Inflation ‘Sideways’, Need ‘Many More Months’ for Rate Cuts

During an interview with CNBC Europe on Tuesday, Minneapolis Federal Reserve Bank President Neel Kashkari stated that right now, inflation is going sideways, we need “many more months of positive inflation data” to get one to two rate cuts and government spending is “one of the factors that has contributed to the high inflation.” Kashkari began

Axelrod: Biden Is Self-Congratulating, Not ‘Advocating for People in a Tough Economy Because of the Inflation’

On Tuesday’s broadcast of CNN’s “AC36src,” CNN Senior Political Commentator and former Obama adviser David Axelrod stated that while democracy issues are important, “if you’re sitting around the kitchen table talking about democracy and the future of democracy, it’s [probably] because you don’t have to worry about the cost of the food on your table.”

Breitbart Business Digest: All Eyes Turn to This Week’s Inflation Report

The Jobs Report Was Inconclusive, So the Nation’s Eyes Turn to CPI Last week’s inconclusive jobs data means that this week’s 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

We’re No Longer Headed Toward the ‘Last Mile’ 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

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’

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 doesn’t “expect this to be a smooth path month to month, but the trend is clearly favorable.” Fox Business White House Correspondent Edward

Argentina’s Inflation Slows Down After 3 Months of Milei ‘Shock Therapy’

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 Milei’s austerity policies. Upon taking office in December, Milei applied a series of “shock

White House: PPI Inflation Hitting 11-Month High ‘Tempers’ Worries, ‘Inflation Has Been Coming Down’

On Thursday’s broadcast of Bloomberg’s “Balance of Power,” 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, “tempers” worries in the wake of the CPI report and argued that “We continue to see this economy delivering for the American

White House: Biden’s Fighting Inflation with Student Loan Plan

On Thursday’s broadcast of Bloomberg’s “Balance of Power,” White House Council of Economic Advisers member Heather Boushey stated that President Joe Biden is fighting inflation and its impact by “lowering the cost of student debt for all of those borrowers” with the student loan plan he announced earlier in the week. Boushey said, “[T]he President

Biden Co-Chair Clyburn on Klain Inflation Criticism: ‘I’m Not an Economist’ ‘Don’t Know How These Issues Really Work’

On Wednesday’s broadcast of “CNN Newsroom,” Biden Campaign Co-Chair Rep. James Clyburn (D-SC) responded to criticism by Biden’s former Chief of Staff Ron Klain of President Joe Biden for touting infrastructure when people are dealing with inflation by stating, “Well, I’m not an economist. I don’t know how these issues really work.” But people who

Dem Gov. Walz: ‘General Malaise’ Attached to Biden Due to Inflation, But Eggs Are Up Due to Bird Flu

On Thursday’s broadcast of NBC’s “MTP Now,” Minnesota Gov. Tim Walz (D) stated that “prices are still up. So, there’s kind of a general malaise that gets attached to the president.” But egg prices are up “because 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

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

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

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 Department’s 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

Most Americans think Joe Biden’s 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 Biden’s

Inflation Picks Up Slightly as Bidenflation Persists for 32nd Straight Month

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 Department’s 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

Anna Moneymaker/Getty Images Federal Reserve officials voted to leave the central bank’s 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

Inflation continued to cool in June but remains above the Federal Reserve’s 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

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

On Monday’s broadcast of CNN’s “The Lead,” 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 “it’s 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

On Thursday’s broadcast of CNN’s “Inside Politics,” Rep. and U.S. Senate candidate Elissa Slotkin (D-MI) stated that “the scene for these negotiations” between automakers and the UAW was set by large profits for auto companies and the fact that “people who are working at those facilities…are 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

On Thursday’s broadcast of MSNBC’s “All In,” Sen. Bernie Sanders (I-VT) said that he doesn’t regret that the green provisions in the Inflation Reduction Act may end up exceeding their projected cost and “we still have a long way to go” on climate. Host Chris Hayes asked, “The Inflation Reduction Act, there’s something — there’s

Axelrod: Biden’s Approval on Economy ‘Bad, Especially Relative to What He’s Achieved’ Due to Politics, Unease Largely ‘Driven by Inflation’ 

On Friday’s broadcast of CNN’s “AC36src,” CNN Senior Political Commentator and former Obama Adviser David Axelrod stated that President Joe Biden’s “economic approval numbers are actually quite bad, especially relative to what he’s achieved” because of political polarization and a “sense of unease” that is largely “driven by inflation” and also due to a “hangover”

CNBC: Majority of People Making $100K or More Say They’re Financially Stressed, Inflation Is Top Cause

On Tuesday’s broadcast of CNBC’s “Squawk Box,” CNBC Senior Personal Finance Correspondent Sharon Epperson discussed CNBC’s 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 they’re stressed about their personal finances and inflation is the top cause of this. Epperson stated

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