Bidenflation - Page 8

Seventy-one percent of middle-class Americans say they are reducing spending at restaurants because of high prices.

Trump-endorsed Ohio U.S. Senate candidate J.D. Vance (R) slammed Biden’s 2020 surrogate and Ohio U.S. Senate candidate Rep. Tim Ryan (D-OH) for helping the president “decimate” the economy instead of rebuilding it.

Bank of America now sees a recession as likely and necessary to bring inflation back down to tolerable levels.

Will Biden try to blame inflation in pots, pans, bedding, kitchen furniture, appliances, toilet paper, house plants, dishes, and even garbage collection on greed and Putin?

Bidenflation has prices rising at the fastest pace in decades.

Summer heat has not brought any relief from the worst inflation since 1981.

Inflation has become a drag on real sales as high gasoline and grocery prices force families to cut back on purchases of other goods and services.

Much higher than the 250,000 jobs expected.

Among white women without a college degree, 83% say inflation is very important.

U.S. central bankers hiked their plans to raise interest rates quickly in June when CPI inflation and consumer expectations for price increases both came in higher than expected.

Price growth remains elevated in the services sector even while new orders have gone into contraction.

A much bigger than expected increase in May.

An overwhelming majority (94 percent) of Americans say that the “issue of inflation/prices” is important to them, with 74 percent responding it’s “very important” while 20 percent say it is “somewhat important” to them, according to a recent Economist/YouGov poll. 

The price hike on U.S. Postal Service (USPS) postage products is set to kick in next week as the country grapples with soaring inflation.

Due to inflation, 2022 is turning out to be the worst year for the S&P 500 since 1872, according to the chief investment strategist at Bank of America Securities.

We have put to rest the first half of 2022, and we cannot say we’ll miss it.

Good luck shopping for your Fourth of July cookout!

If corporate greed was responsible for the inflationary price hikes, we would see corporate profits soaring as inflation rose to 40-year highs this year. Instead, corporate profits fell in the first three months of this year.

The Biden gas crisis is now hurting two-third of Americans, up from half in April.

Inflation was a much bigger drag on consumer spending than was thought.

These are the times that try men’s souls—and budgets. This year’s Fourth of July celebrations will be hit hard by inflation.

June saw a bigger than expected decline in consumer confidence due to worsening expectations for the economy.

Hollywood went all in for Joe Biden in 2020. And now they are paying the price, literally, as the cost of movie and TV production soars to levels that are giving entertainment executives sticker shock.

Economic contractions can be hidden beneath inflation. You might have a recession that no one notices until you are already months into it.

Every gauge of the health of the manufacturing economy in Texas showed contraction or stagnation in June. Except prices: those are still rising at an extremely elevated pace.

The latest signal of looming stagflation.

We set a grim record low for consumer sentiment in mid-June. Now it is even grimmer.

If it takes a recession—or even a period of stagflation—to bring down inflation, so be it. So says Fed Chair Jerome Powell.

Fed Chair Jerome Powell bluntly rejected the Biden administration’s claim that the biggest driver of inflation right now is the war in Ukraine.

Powell says the war in Ukraine is not the primary cause of inflation, which started long before Russia’s invastion.

Powell signaled that the Fed is willing to risk a recession in order to tame inflation.

Kellogg’s did real damage to its brands when it decided to take sides in American politics by boycotting Breitbart.

Fifty-two percent say gas prices are soaring because of Biden’s energy policies.

The price of gas has risen because demand has far outpaced supply. So, the Biden White House had the brilliant idea of sending people special debit cards to buy gasoline, thereby pumping up the demand while continuing to choke off the supply.

Retail sales outside of gas stations and car dealers were down 0.4 percent compared with April.

Sixth month in a row of double-digit inflation.