us inflation

No Joe, price gouging, shrinkflation are not the problems

Recently President Joe Biden said that he will take action to reduce high prices. He notes that prices, on average,…

2 months ago

Credit Card Debt Indicative of Inflation Psychology

When the Federal Reserve paused its interest rate increases last September, I worried that it stopped raising rates too soon.…

3 months ago

Inflation Rises to 3.4%,Likely to Go Higher

The Bureau of Labor Statistics just released the inflation data for December 2023. The Consumer Price Index increased by 0.3%…

4 months ago

If Inflation Increases, Forget About Interest Rate Cuts

Recently, Federal Reserve chair Jerome Powell said that with the inflation rate falling and the labor market cooling, interest rates…

5 months ago

Secretary Yellen Looks to Be Wrong Again

Treasury Secretary Janet Yellen recently talked about the progress that the Biden administration and the Federal Reserve have made toward…

5 months ago

Despite Rhetoric, Inflation Remains a Major Problem

The good news is that the annual inflation rate has fallen from a peak of 9.1% in June 2022 to…

5 months ago

UAW Deal Cements Wage-Price Spiral

As noted in a prior column, the country has started to experience the beginning of the dreaded wage-price spiral. This one,…

7 months ago

Latest CPI Proves Inflation Fight Must March On

The September consumer price index (CPI) number indicated that the annual inflation rate was 3.7%. This is the same annual…

7 months ago

Fed’s Rate Pause Contributes to Harmful Inflation Psychology

Once again, the Fed has eased up on its restrictive monetary policy too soon. Late last year the Fed stopped…

8 months ago

Inflation Inches Up in July; More Ahead

The Bureau of Labor Statistics just announced that the Consumer Price Index increased by a modest 0.2% in July. That…

9 months ago

Biden’s inflation reduction victory lap is premature

President Biden recently took a victory lap when the latest economic data indicated the inflation rate for the past year…

10 months ago

Fed’s Pause Will Allow Inflation to Linger

Starting last June, I thought the Fed had it right and was fully prepared, as they said, to make price…

11 months ago

Inflation is tame in May, but likely to accelerate. Fed must raise rates again.

According to the Bureau of Labor Statistics, the Consumer Price Index (CPI) increased by only .1% in May. For the last…

11 months ago

4.9% CPI Proves Fed Must Be More Forceful in Fighting Inflation

The Bureau of Labor Statistics just released the Consumer Price Index for April. The CPI increased by 0.4%, bringing the 12-month inflation…

1 year ago

The Fed Increases Rates a 10th Time — Still Not Enough

The Federal Reserve just announced the Federal Funds rate is raised by another 25 basis points, it's the 10th increase…

1 year ago