Breitbart Business Digest: There Are No Fed Cuts Ahead This Year
It is unlikely that the Fed will cut rates at all this year; and, if inflation stays hot, it may find that it will need to begin a new cycle of rate hikes sometime next year.
It is unlikely that the Fed will cut rates at all this year; and, if inflation stays hot, it may find that it will need to begin a new cycle of rate hikes sometime next year.
Rising inflation has led consumers to rethink the idea that inflation was going to come down a lot this year.
The PCE index shows that progression on bringing down inflation has stalled.
The pace of economic growth in the first three months of the year was far more sluggish than anyone expected—and inflation was much higher.
On Wednesday’s broadcast of CNBC’s “Squawk Box,” Professor of the Practice of Economic Policy at Harvard University and the Harvard Kennedy School Jason Furman, who served as Chairman of the Council of Economic Advisers under President Barack Obama and on the
A whopping 85 percent of New Yorkers said the cost of food is rising faster than their income in a poll released Tuesday.
President Joe Biden’s approval rating is deep underwater on what Americans rated as their top two issues in an Economist/YouGov poll.
Money printer go brrrrrrrrrrrrrrr
Almost 38 percent of renters in the United States do not believe they will ever be able to call themselves homeowners, per a survey.
Argentine President Javier Milei announced that Argentina registered a 0.2 percent surplus of its GDP for the first time since 2008.
The US economic upturn lost momentum at the start of the second quarter and employment contracted in the services sector, a survey from S&P Global showed.
Breitbart Economics Editor John Carney is calling for a national Inflation Day protest this June to demand policy change on the most pressing issue for Americans.
Perhaps if we started an Inflation Day movement, more attention could be drawn to the fact that rising price levels are the results of public policy choices.
The already insane cost of purchasing a home has hit a new high, thanks to the ongoing horror show that is Bidenomics.
President Biden signature issues are ranked low among Americans’ national concerns.
The country is not moving in the right direction, and the economy is a major a factor. But the legacy media is focused on wall-to-wall coverage of he who is known as “The Bad Orange Man.”
Fast food prices in California jumped during the six-month period before the Democrat-run state mandated a $20 minimum wage for the industry.
On Thursday’s broadcast of the Fox News Channel’s “Your World,” Minneapolis Federal Reserve Bank President Neel Kashkari stated that stimulus spending was “a contributor to the high inflation that we’ve seen.” And “the spending on infrastructure, the spending on new chip
As is so often the case with Bidenomics, even good news is bad news because of the upward inflationary pressure.
A Whole Foods shopper shared her frustration at reportedly paying $7 for an apple as people across America struggle with inflation.
During an interview with Nexstar Media that took place on Tuesday and was released on Wednesday, President Joe Biden stated that inflation “is being stubborn and not going down to the 2% we need. But, it’s significantly different,” than where
The latest edition of the Beige Book provides far more red flags than silver linings.
Actor John Leguizamo isn’t happy that former President Donald Trump is gaining ground with Hispanic voters.
Jerome Powell spoke today from our nation’s capital and indicated what we all know to be true: The Fed has no business cutting rates at this time.
On Friday’s broadcast of CNBC’s “Squawk on the Street,” BlackRock CEO Larry Fink stated that it will be difficult to reach 2% inflation and one reason is “We have a trillion dollars of fiscal stimulus in the CHIPS Act, the
On Friday’s broadcast of CNBC’s “Squawk Box,” Agriculture Secretary Tom Vilsack responded to a question on if spending in the Inflation Reduction Act will create inflationary pressure by stating that “One of the things that I think is missed about the
In the first three months of the year, inflation measured by the consumer price index has run at a 4.6 percent annualized rate, much higher than the 1.9 percent rate in the final three months of last year.
Former Speaker of the House Newt Gingrich has suggested President Joe Biden’s “economic failure” may well be his downfall in November’s presidential election.
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
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”
Donald Trump leads Joe Biden in North Carolina, where inflation and national security are the leading issues for voters, per a poll.
When Biden took office, inflation was running below the Fed’s two percent target. It only took off after he pushed through his $1.9 trillion stimulus package.
Delinquency rates among American credit card holders are at an all-time high, according to a Federal Reserve Bank of Philadelphia report.
Core inflation rose for a third consecutive month, the producer price index showed Thursday.
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,
The victory over inflation that the Biden administration and many on Wall Street were eager to celebrate last year now seems to have been, well, transitory.
President Joe Biden’s former chief of staff Ron Klain complained during a recent event that the president was too focused on taking victory laps on infrastructure projects and not doing enough to address voters’ immediate concerns, such as the price of groceries, according to a report.
Haircare costs increased since 2023 under President Joe Biden, March CPI numbers revealed on Wednesday.
Prices of dental care, eye care, and personal care have increased since 2023, March Consumer Price Index (CPI) data revealed Wednesday.
The prices of auto repair, auto insurance, and parking have surged since 2023, according to March Consumer Price Index (CPI) data.