The construction of a major wind energy project previously touted by the Biden administration as an example of positive “Bidenomics” has been canceled, with developers citing “inflation, interest rates and supply chain disruptions.”
A key gauge of consumer inflation fell on a monthly basis in November, the first decline since April 2020. The personal consumption expenditure (PCE) price index fell 0.1 percent in November, the Commerce Department said Monday. Compared with a year
Prices paid for goods and services to U.S. producers were unchanged in November compared with October, the Department of Labor said. The producer price index for final demand, which is the Labor Department’s longest-running inflation gauge but less closely followed
The inflation report released Tuesday is unlikely to do much to support the idea that Bidenomics has been a boon for the American economy.
Christmas is supposed to be the most wonderful time of year for toy manufacturers. But in Joe Biden’s economy, toy sales are suffering thanks to runaway inflation and other pressures, forcing one of the world’s largest toymakers to deliver lumps of coal to employees just ahead of December 25.
Inflation accelerated slightly in November, marking the thirty-second consecutive month with annual prices rising significantly faster than the two percent target seen as healthy by the Federal Reserve. The consumer-price index, the Labor Department’s broad measurement of what consumers pay
“A lot of people will just categorically say it is nonsense,” Lisa Abramowicz of Bloomberg said.
The market immediately priced in much larger odds of a cut in March and May.
Rejecting the view of most economists on both the left and the right, Biden said in a tweet that companies should be lowering prices because the rate of inflation has come down this year.
Inflation continued to slow in October but the multiyear price increases under President Biden are still at the highest in decades.
The average U.S. household needs an extra $11,434 per year to maintain the same standard of living as before inflation hit record highs in 2021.
The Biden administration returns to the “don’t blame me” tactic on inflation.
Fifty-two percent of the public says the economy is getting worse, according to the latest poll from the Economist and YouGov.
Prices of Christmas trees—both real and artificial—are the latest victims of extreme inflation, new market data revealed.
Price increases sent sales soaring in the third quarter.
U.S. consumers are dealing with double-digit Halloween candy inflation for the second year in a row, with prices being an average of 13 percent higher this month compared to last October.
The cost of goods and services rose 0.4 percent for a second consecutive month in September, challenging the view that the Federal Reserve’s rate hikes are still bringing down inflation.
Nearly 60 percent of Americans are cutting back on spending on live entertainment — including amusement parks, rock concerts, and the performing arts — as prices continue to soar through the roof, according to a new survey of 1,000 individuals conducted by the Wall Street Journal and Credit Karma.
Bidenflation sent government spending soaring and depressed revenue.
Governor-Elect Jeff Landry’s (R-LA) surprise victory in Saturday’s open primary that will send him to the governor’s mansion is an encouraging sign for Republicans heading into the 2024 elections, Republican insiders tell Breitbart News.
High mortgage rates are unexpectedly driving a boom in home building.
“More Americans than ever will be reaching into their wallets and spending a record amount of money to celebrate Halloween this year,” NRF President and CEO Matthew Shay said.
Inflation is proving stickier than expected and core price increases are accelerating.
All I’m saying is this… before you pour all this money into a streaming service run by people who hate you, check out the free streamers.
Sales have dropped to near all-time lows.
Can Republican presidential hopefuls make the case against Bidenflation in this Wednesday’s GOP primary debate?
The national average for a gallon of gasoline continues to surge higher in the U.S. as oil prices keep rising.
The negotiations between the United Auto Workers (UAW) and the Big Three are haunted by the specter of Bidenflation.
Oil prices jumped on Thursday to a new ten-month high, with U.S. crude rising above $90 a barrel for the first time this year. West Texas Intermediate crude rose by more than 1.9 percent on Thursday to reach a high
Higher energy prices are fueling a sharper than expected rise in prices paid to U.S. businesses, a signal that there’s still a long way to go to tame Bidenflation.
Americans spent far more at gas stations in August as fuel prices skyrocketed, pushing retail sales far above expectations.
You can’t feed your kids on happy talk about Bidenomics.
Prices rose rapidly as the summer wound toward its sweltering end in 2023, with monthly inflation rising at the worst pace in 13 months.
After taxes, median real income fell 8.8 percent last year.
Price are up in the corn-belt by 40 cents a gallon.
An explosion of flash mob shoplifting and other retail crime has become one of the biggest threats facing American small businesses. As usual, far-left public policies are to blame.
Americans have overwhelmingly negative opinions of the U.S. economy and most think President Biden is mishandling the issue.
The inflation fight is getting tougher.
The American dream of home ownership is fading into the distant past under the Biden administration with mortgage applications hitting their lowest level in nearly 30 years, the Mortgage Bankers Association (MBA) said Wednesday.
If Biden’s economic programs really were working to grow the economy “from the bottom up and the middle out,” Foot Locker would be thriving.
