John Carney

This week’s wrap is all about the long-awaited consumer price index report released Thursday, the one the legacy media immediately tried to bury because it wrecked their story about America caught in an affordability crisis.

President Trump tipped his hand a bit on Wednesday night, hinting that the inflation report issued Thursday morning by the Department of Labor was going to be good news.

Inflation comes in much lower than expected, supporting President Trump’s claim that the Bidenflation crisis has been overcome.

Inflation eased significantly in November, indicating that consumers are seeing relief from anxieties about affordability.

Tuesday’s chaotic employment report had something for everyone from hawks to doves, bulls to bears.

U.S. retail sales were essentially flat in October, but the headline figure concealed underlying consumer strength as Americans began their holiday shopping before Halloween. Retail and food service sales totaled $732.6 billion in October, virtually unchanged from September, the Census

A long-delayed government report on Tuesday showed that the unemployment rate jumped in November to 4.6 percent, as a decline in government employment offset gains in the private sector. The U.S. economy added 64,000 jobs in the month, the Department

More than one-third of Americans plan to spend at least $1,000 on holiday shopping this year, a significant increase from recent years and the highest share in at least 15 years, according to the CNBC All-America Economic Survey released Sunday

Federal Reserve Governor Stephen Miran argued Monday that inflation is significantly closer to the central bank’s two percent target than official measures suggest, making the case for faster interest rate cuts while systematically dismantling claims that tariffs are driving price

This is the Breitbart Business Digest weekly wrap, in which we coincidentally run through the economic and financial news of the previous seven days.

Are Americans feeling worse this holiday season than in recent years? That’s the narrative emerging from the legacy press but there’s very little to support it. The Associated Press published a widely distributed story this week claiming American shoppers face

The Federal Reserve’s latest Summary of Economic Projections reveals that the inflation hawks have stood down, and Fed Governor Christopher Waller was right all along.

Treasury Secretary Scott Bessent on Thursday outlined a sweeping reset of the U.S. government’s main financial stability watchdog, arguing that the Financial Stability Oversight Council should treat economic growth and economic security as preconditions for stability, not competing goals

Exports surge while imports slow, delivering on the Trump administration’s core economic goal.

A Trumpier Fed Isn’t An Inflation Threat The financial press has been trying its best for months to gin up a panic over the independence of the Federal Reserve. We’ve had a number of dress rehearsals for the supposed death

The Federal Reserve approved a quarter-point interest rate cut Wednesday, the third consecutive interest rate reduction since the Fed resumed easing monetary policy in September.

Real wage gains offer relief on affordability.

The conservative movement in America is now decisively in favor of tariffs.

Job openings unexpectedly rose in recent months, climbing to 7.7 million in October, according to data released Tuesday by the Bureau of Labor Statistics. Openings were last reported at 7.2 million in August, according to a report released on September

Until very recently, there was lots of talk on Wall Street and among Federal Reserve officials of the danger of inflation expectations becoming “unanchored” due to tariff-induced price increases.

Consumer inflation expectations held steady in November while perceptions of job security reached their strongest level of the year, according to the Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations released Monday.

Paramount took its battle for Warner Bros. Discovery directly to shareholders Monday, launching a $30-per-share all-cash tender offer for the entertainment giant just days after Warner agreed to a deal with Netflix.

Weekly Wrap: Netflix Cuts In On Paramount’s Dance With Warner Bros Discovery Welcome back to Friday! This is our weekly wrap-up of economic, financial, and business news—proving that you can never step into the same stream twice. It’s been quite

Core PCE inflation holds steady as consumer expectations improve heading into final Fed meeting of 2025.

Consumer sentiment improved in December as Americans became more optimistic about their personal finances and inflation expectations declined. The University of Michigan’s index of consumer sentiment climbed to 53.4 from November’s reading of 51. This 4.5 percent rise was better

The Fed Will Cut Next Week The Federal Reserve is all but certain to cut interest rates by 25 basis points next week, bringing the federal funds rate down to a range of 3.5 to 3.75 percent. Markets are pricing

New unemployment claims were filed by the fewest Americans in over three years last week, far fewer than economists had been expecting. There were 191,000 initial claims for unemployment benefits in the week that included Thanksgiving, the Department of Labor

Gloom to Boom: A Holiday Shopping Odyssey American consumers sure have a funny way of expressing their gloomy mood. For months, U.S. consumers have been telling pollsters that the economy is precarious, that they can’t afford anything, and that buying

Payrolls at U.S. businesses shrank by 32,000 jobs in November, according to payroll processor ADP, highlighting concerns about the health of the labor market. This was the largest monthly job loss since early 2023, according to ADP data. “Hiring has

The man Trump calls a “stubborn ox” might prove stubborn enough to stick around when his term as Fed chairman expires, operating as a kind of monetary policy resistance leader for the next two years.

Costco has filed a lawsuit in the U.S. Court of International Trade seeking to preserve its right to a refund of tariffs paid under President Donald Trump’s use of the International Emergency Economic Powers Act. The warehouse club chain filed

President Trump has floated the idea of sending $2,000 checks to most Americans, funded by tariff revenue.

Americans are finally seeing relief at the gas pump. Gasoline prices across the U.S. fell to the lowest national average since May of 2021, according to the American Automobile Association. The driver’s club says that on Monday, the national average

Two closely watched surveys of U.S. manufacturing activity painted sharply divergent pictures in November, with one showing continued expansion and the other reporting accelerating contraction.

Retail sales jump 4.1% as consumers show spending power amid falling inflation.

A record number of Americans say they plan to shop this weekend and holiday sales are expected to hit a record high.