The White House emphasized the economic damage Democrats have done to the nation with their 43-day shutdown, as the October Consumer Price Index (CPI) and jobs figures are likely never to materialize.
The Labor Department said it would suspend publication of the monthly jobs report and other major economic data if the government shuts down, including the Consumer Price Index and Producer Price Index, cutting off critical information for businesses, investors and
Inflation rose in August but there was no evidence of broad tariff pass-through to consumers.
White House press secretary Karoline Leavitt laid out on Tuesday why “panicans” are wrong in their doubt of President Donald Trump when it comes to the economy, as wages continue to outpace inflation.
President Donald Trump has decried the “incalculable” damage Federal Reserve Chairman Jerome Powell has done by not lowering interest rates after inflation rose less than expected from a Tuesday report.
Consumer prices continue to defy predictions that tariffs would create inflationary pressures.
U.S consumer prices barely rose at all in May, the fourth straight month of mild inflation and a sign that the Trump administration’s tariffs have not raised prices on American households. The consumer price index, the government’s main inflation indicator,
Prices rose by 0.2 percent in April compared with March. Economists had forecast a 0.3 percent. Compared with a year ago, prices are up 2.3 percent, less than the 2.4 percent forecast.
U.S. consumer prices fell in March, pushed down by a decline in the price of goods and defying predictions that President Trump’s tariff plans would push up prices. This was the first drop in consumer prices in nearly three years and only the second decline since inflation accelerated under Joe Biden to the worst rates in decades.
White House press secretary Karoline Leavitt said Wednesday that January’s inflation numbers show the Biden administration left “a mess” for the Trump administration to handle.
Former President Joe Biden was in office for most of January, which saw an increase in inflation, and a White House official told Breitbart News that President Donald Trump “is quickly undoing the lingering damage of” the Biden administration’s economic policies.
The Labor Department said prices were up 2.6 percent in October compared with 12 months earlier.
The nationwide rent average has shot up by 23 percent under the Biden-Harris administration, new Consumer Price Index (CPI) data from the U.S. Bureau of Labor Statistics shows.
You have to go back to Jimmy Carter to find food prices rising this fast.
Inflation picked up in July, reversing the decline in prices seen in the prior month, but remained cool enough to lock in a rate cut from the Federal Reserve next month. The consumer price index climbed 2.9 in July from
Jason Trennert, the CEO of Strategas Research Partners, warned of a “second wave of inflation” in 2025 unless Donald Trump is reelected.
After the June decline, prices are up 18.8 percent since Biden took office. During the same three-and-a-half-year period of Donald Trump’s presidency, prices rose just 5.3 percent. Prior to the pandemic period, prices rose 6.2 percent under Donald Trump.
The worse than expected inflation likely dashes hopes for a rate cut in June.
In a major setback for the Biden administration and the Federal Reserve, inflation is proving stubborn and is rising again.
The consumer price index unexpectedly jumped higher on a month-to-month basis in January.
Monetary policy may be a dead end. Perhaps it’s time to start looking elsewhere for what is really driving inflation and growth.
On Thursday’s broadcast of Bloomberg’s “Sound On,” White House Council of Economic Advisers Chair Jared Bernstein reacted to the December CPI report showing the CPI increasing by 0.3% for the month after a 0.1% monthly increase in November for a
Inflation picked up by more than expected in December as prices of energy, food, shelter, and services surged higher.
The inflation report released Tuesday is unlikely to do much to support the idea that Bidenomics has been a boon for the American economy.
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
Economists had forecast a rise of 3.6 percent, down from 3.7 percent in August.
Inflation is proving sticky despite record Fed hikes.
On Wednesday’s broadcast of NBC’s “MTP Now,” host Chuck Todd and NBC News Business and Data Reporter Brian Cheung discussed the latest inflation report and noted that prices aren’t falling, they’re just “going up by a slower rate,” and are
Inflation fell by more than expected in June.
On Wednesday’s broadcast of MSNBC’s “Katy Tur Reports,” White House Council of Economic Advisers Chair Jared Bernstein stated that we have seen a trend of “CPI growing more slowly” and the growth in the Consumer Price Index (CPI) is less
During an interview on Bloomberg on Tuesday, White House National Economic Council Deputy Director Bharat Ramamurti reacted to the May CPI showing prices increasing 0.1% in the month of May with core inflation rising by 0.4% in the month —
On Tuesday, ABC News Business Reporter Alexis Christoforous said that the May CPI report shows that prices are “still on the rise,” and that the “uncomfortably high” core inflation measure shows “that inflation is becoming sticky in certain areas of
Federal Reserve Chairman Jerome Powell will get his pause.
The consumer price index, a key barometer of what consumers pay for goods and services, rose four percent last month from a year earlier, the Labor Department said Tuesday. Compared with March, the consumer price index (CPI) rose 0.1 percent. Core
On Wednesday’s broadcast of CNBC’s “Squawk on the Street,” White House National Economic Council Deputy Director Bharat Ramamurti stated that the April CPI report that showed core and overall inflation increasing and the monthly rate of overall inflation increasing from
Nearly six in ten Americans say that high inflation has had a substantial impact on their lives, while a plurality believes it will become worse six months from now, according to a poll.
The April inflation report will keep the Federal Reserve on track to pause rate hikes at its meeting next month.
Inflation has eased from its worst levels last summer but progress has been slower than expected and prices are still rising too fast.
On Wednesday’s broadcast of CNBC’s “Squawk on the Street,” White House National Economic Council Deputy Director Bharat Ramamurti stated that the March CPI report is “very, very positive” and that we’re moving in the right direction on inflation. Ramamurti said, “I
On Wednesday’s broadcast of MSNBC’s “Morning Joe,” Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, stated that the core services inflation metric that the Federal Reserve “really looks at” is “rising and that is not
