Report: OPEC Snubs Biden, Rejects Plea for More Oil
The Saudis, Russians, and other members of the oil cartel have rejected President Joe Biden’s request that they produce more oil to lower U.S. gasoline prices.
Bidenflation - Page 17
Stagflation Nightmare: Empire State Factory Index Plunges While Inflation Hits New Record High
Record setting price increases did not spur an acceleraton of manufacturing activity in August, a survey from the New York Fed showed Monday.
Consumer Sentiment Crashes to Lowest Level in 10 Years
The confidence of Americans in the economy suffered an unexpected severe collapse in the first weeks of August. The University of Michigan’s Consumer Sentiment index fell to 70.2 from the end of July score of 81.2, the lowest score since
Bidenflation: Producer Price Index Jumps to Record High in July
Instead of cooling off, producer inflation came in even hotter in July.
Carney: Transitory Inflation Is Fading, Sticky Inflation Is Growing
The great used car inflation of 2021 has slowed down, but inflation is still rising in less volatile categories of consumer goods and services, data from the Bureau of Labor Statistics showed Wednesday.
Anchors Aweigh! Inflation Expectations Sail into Uncharted Waters
The Atlanta Fed’s survey of business expectations show that firm think inflationary pressures are mounting, not subsiding.
Bidenflation Stays High with Prices Jumping 5.4%
The Consumer Price Index shows prices jumping even higher in July.
Bidenflation: Real Hourly Pay Suffers One of the Worst Collapses Ever
Adjusted for inflation, hourly compensation fell 2.7 percent in the second quarter, data released by the Bureau of Labor Statistics on the nonfarm business sector showed Tuesday.
Bidenflation: Older Americans Expect Far Higher Prices Than Younger Americans
Inflation expectations are running at a record high in the New York Fed’s consumer survey.
Inflation Takes A Bite Out of Olive Garden Owner Darden
Rising labor and food costs are likely to eat into the returns, according to an analyst.
Bidenflation Still Burning White Hot Throughout Services Sector
All 17 subsectors of the American economy’s services side experienced rising prices in July.
Carney: Bidenflation Concealed Falling Factory Orders in June
Inflation may be creating an illusion of growth right now.
Bidenflation: Soaring Costs Bulldoze Gains in Home Construction Spending
Spending on the construction of single family homes is not keeping up with the rising costs of goods and services for residential building.
Core Inflation Hits Highest Level in 30 Years
Excluding food and energy, consumer prices were 3.5 percent higher last month than they were in June 2020, the briskest pace of inflation since the summer of 1991 and an acceleration from a month ago.
‘Inflation Storm’ Looms as Expectations Hit 13-Year High, Consumer Sentiment Sinks
“While most consumers still expect inflation to be transitory, there is growing evidence that an inflation storm is likely to develop on the not too distant horizon,” said Richard Curtin, the chief economist of the University of Michigan’s consumer sentiment survey.
Bidenflation: 3M CFO Says ‘We Are Raising Prices Everywhere’
The company is “raising prices everywhere,” Chief Financial Officer Monish Patolawala said on a call to discuss the company’s second-quarter results.
Bidenflation: Majority of Americans Say Economy is In Poor Shape
People see prices rising everywhere and worry if they’ll be able to make ends meet even if the economy keeps growing.
Inflation Still Rages Across Texas Even as Business Index Disappoints
Texas manufacturers say prices are still rising and they expect them to keep going up.
U.S. Services Sector Slows Unexpectedly as Bidenflation Hits Consumers
Consumers are growing wary of high prices and snarled supply chains continue to drive up costs.
Heritage Action Launches ‘Save Our Paycheck’ Tour to Highlight How Biden’s Policies Hurt Americans
Sen. Rick Scott and Gov. Brian Kemp will speak during Heritage Action’s national tour to spotlight Biden’s failed economic policies.
#Bidenflation: Cost of Gas, Used Cars Up 45%, Car Rentals 88%
Most Americans expect inflation to worsen, even as the cost of gas and used cars is already up by 45 percent, the Washington Examiner reported.
Bidenflation Nation: Consumer Prices Jump 4.2 Percent
The Consumer Price Index climbed 4.2 percent annually in April. Compared with March, prices rose 0.8 percent.
Stronger Than Expected Consumer Sentiment Risks Prolonged Bidenflation Surge
The University of Michigan’s final sentiment index for April rose to 88.3 from the midmonth reading of 86.5, data released Friday showed. This was up from 84.9 in March.
Pinkerton: Joe Biden, First Elected in the 1970s, Is Bringing Back the 1970s
Joe Biden’s policies are echoing Jimmy Carter’s in what’s typically the most important issue-area for any president: economic policy.
Carney: Welcome to Biden’s America, Where the Poor Pay More
Black unemployment is up. Gasoline prices are up. Food prices are up.
Bidenflation: Consumer Prices Crept Up in February
The Consumer Price Index rose 0.4 percent compared with January, in line with expectations. Compared with a year ago, prices were up 1.7 percent, also in line with the forecast by economists.
