Bidenflation - Page 9

The latest survey of U.S. consumers from the New York Fed shows inflation expectations have continued to rise and households are taking a dimmer view of their financial prospects.

Consumer sentiment fell to its worst level ever recorded, as did perceptions of buying conditions. Expectations for inflation exploded higher.

Taking care of man’s best friend under the Biden administration is yet another task made more complicated by inflation.

President Joe Biden will spend the weekend partying with Hollywood elites at a chic Los Angeles fundraiser as American families everywhere face yet another round of sticker shock as inflation hits a new record.

Did Putin steal all our ice cream?

It’s been more than four decades since Americans saw prices rising this fast at the grocery store.

Inflation accelerated again in May, defying expectations that price hikes had peaked earlier this year.

The most recent poll from the Economist and YouGov is indicative of just how big of a problem inflation is for Biden and the Democrats.

Product sizes on store-bought packages are subtly decreasing while prices remain the same as companies are using the sneaky method of “shrinkflation” to combat rising costs, according to an Associated Press (AP) report.

President Biden has lost his own party when it comes to the economy.

Real wages are plunging, gas prices are at a record high, home affordability at a record low. You decide.

We have to wonder if someone at the White House is thinking that if you’ve lost Cardi B, you’ve lost America.

A majority of independents and Republicans, as well as a plurality of Democrats, say the U.S. economy is in a recession.

The cracks that have started to emerge in the post-pandemic recovery grew a bit more visible in the May jobs report.

Biden misleadingly cited data from last year, when inflation was much lower, to claim Americans feel comfortable with their personal financial situation.

Tesla CEO Elon Musk plans to cut ten percent of the jobs at his electric carmaker because he has a “super bad feeling” about the economy. The Company will also institute a hiring freeze, which has caused an 8% plunge in its stock price in intraday trading.

Labor costs moved much higher in the first three months of the year than previously thought.

The White House launched a campaign this week to shift the public’s perception away from the idea that inflation is the result of the Biden administration’s policies.

More than 33 percent of Americans who earn $250,000 a year report living paycheck to paycheck, a new survey revealed.

The index tracking poultry prices is up 94% compared with a year ago.

The S&P Global Manufacturing PMI comes in lower than expected as inflation drags down optimism and shortages weigh on production.

It looks like Federal Reserve Chairman Jerome Powell might be the Biden administration’s next fall guy for inflation now that the corporate greed and Putin Price Hike narratives have failed to work.

U.S. consumers are cooling plans to buy big-ticket items or spend on summer vacations.

Another regional Fed report shows deteriorating business conditions.

Eighty-five percent of Americans have a negative view of the U.S. economy.

The prices of food purchased by American households were up by 10 percent in April, the biggest jump in  since 1981. The personal consumption expenditure price index for food consumed off-premises rose one percent compared with the prior month, a

Inflation has pulled down both the assessment of current conditions and expectations for what is still to come.

Pending home sales fell by more than twice what was expected.

Manufacturing activity slowed in the central U.S. while inflation pressures remained very high.

April’s orders for longer-lasting manufactured goods were below expectations. This may foreshadow an even deeper slowdown for U.S. factories that appears underway in May.

Leaked documents reportedly show that Amazon employees are quitting at twice the rate of recent years due to low pay and increased competition. The documents show that “regretted” attrition, the loss of employees that Amazon wanted to keep, has reached more than 12 percent, or double the recent average.

The latest evidence that U.S. factory activity is contracting in May.

A sharp slowdown in home sales can be a tell-tale sign that an economic slump is lurking ahead.

Joe Biden is discovering a political truth that no president has had to confront in decades: Americans hate inflation.

Seventy percent of Americans disapprove of Biden’s handling of inflation.

The Fed’s first hike in March did not appear to slow growth in April, raising the risk that inflation will remain high.