inflation
-
Opinion
Fed Must Get Even More Aggressive. Immediately.
The Federal Reserve just raised interest rates for the fourth time this year. The 75 basis point, or 0.75%, hike…
Read More » -
Money & The Economy
Fed Hikes Interest Rates For Third Time In Four Months
The Federal Reserve has raised target interest rates by 75 basis points for the third time this year following a…
Read More » -
Money & The Economy
Food Prices Hit 40-Year High, Keep Breaking Records Every Month
Food prices have increased every month of 2022, with each month since February breaking 40-year records, according to data from…
Read More » -
In The News
California Dems Pass Bill That Could Pay Fast Food Workers Up To $22 An Hour
Democratic legislators in California passed a bill on Monday that will create an unelected state-run board to impose minimum wage…
Read More » -
Money & The Economy
‘Far Greater Pain’: Jerome Powell Issues Grim Prediction On Reining In Inflation
The Federal Reserve will not stop interest rate raises designed to combat inflation even if the policy leads to damages…
Read More » -
Money & The Economy
Fashion Retailers Are The Latest To Feel The Squeeze
Nordstrom and Macy’s reported their second-quarter earnings Tuesday, with the two fashion retail giants joining retailers such as Walmart, Best…
Read More » -
Money & The Economy
ENERGY CRISIS: Millions Of Americans Can No Longer Afford To Pay Their Utility Bills
At least 20 million American households, or one out of every six homes, are behind on their electricity bills as…
Read More » -
Money & The Economy
Inflation Cuts Into Paychecks as Functional Unemployment Inches Upward for July
Rising prices and workers moving to involuntary part-time status impact living-wage jobs Even though government-reported statistics show inflation easing and…
Read More » -
Opinion
The 5 Cities With the Highest Inflation in America
My wife and I recently were out for our morning walk and she commented on how weird inflation is. Some…
Read More » -
Money & The Economy
‘Bidenflation’: Despite Plummeting Energy Costs, Producer Prices Remain High
The Producer Price Index (PPI), which measures the average change in the prices set by producers, fell 0.5% in July,…
Read More » -
Money & The Economy
Inflation Rages On As Gas, Food Prices Squeeze Americans
Inflation remains at historic highs, at 8.5% from July 2021 to 2022, according to a Bureau of Labor Statistics (BLS)…
Read More » -
White House Watch
Biden Adviser Tries Using European Union To Deflect Inflation Blame
President Joe Biden’s top economic adviser tried to deflect blame about inflation by making an example of the United Kingdom…
Read More » -
In Congress
Dems’ Manchin-Approved ‘Inflation Reduction Act’ Will Have No Effect On Inflation, Analysis Finds
Democrats’ new spending bill, the “Inflation Reduction Act of 2022,” will have a statistically insignificant impact on inflation, according to…
Read More » -
In Congress
Dem’s New Machin-Approved Spending Bill Imposes Methane Tax that Consumers will Pay
Senate Democrats agreed Wednesday to the biggest climate spending package in U.S. history, including billions in new taxes on methane…
Read More » -
Opinion
The US Is Now Officially in a Recession
The Bureau of Labor Statistics just released its first estimate for gross domestic product (GDP) growth in the second quarter.…
Read More »