Skyrocketing home and auto insurance rates are weighing on American households as the average prices for both are projected to have their biggest spikes in over five years.
Three U.S. cities are among the top 10 costliest places to live in the world, according to the latest cost-of-living report from the Economist Intelligence Unit (EIU).
During an interview with Bloomberg TV on Friday, White House Council of Economic Advisers member Heather Boushey stated that higher prices are “a challenge” “and it’s taken a while for things to get to a more steady state” after the
During the “Overtime” segment that airs on CNN of his HBO show “Real Time” on Friday, comedian Bill Maher stated that while there are positive economic statistics and inflation is trending in the right direction, people are generally dissatisfied with
Jerome Powell probably did not mean to trigger a significant easing of financial conditions on Friday, but that’s exactly what he did.
“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.
President Biden’s increasingly brazen attempts to bamboozle the American public on economic matters have more than a whiff of desperation.
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 most striking thing about President Biden announcing a special White House council on supply chains is that it took until this Monday to happen.
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 increased prices will likely impact the 2024 election results since they come after Joe Biden implemented “Bidenomics.”
Does the rule that you cannot fight the Fed apply if the Fed is fighting itself?
Federal Reserve Governor Michelle Bowman said on Tuesday that she expects the central bank will have to hike rates further to bring inflation down to its two percent target. “My baseline economic outlook continues to expect that we will need to increase
The Biden administration returns to the “don’t blame me” tactic on inflation.
Biden’s decision to highlight the increased prices under his leadership — even as they dropped from last year — shows his administration’s concern that inflation is hurting his reelection chances.
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.
Argentina’s outgoing leftist President Alberto Fernández announced in an interview given to the Spanish newspaper El País over the weekend that he will move to Spain after his presidential term ends on December 10.
A new study shows that more Americans will be celebrating Thanksgiving with fast food as opposed to a traditional feast.
Someone forgot to tell American families that inflation has been canceled.
Consumers do not expect lower inflation to last.
On Tuesday’s broadcast of CNBC’s “Squawk on the Street,” White House Council of Economic Advisers Chair Jared Bernstein stated that the White House doesn’t want to see “a broad deflation,” but “in areas where prices went up really a great
The demand for local food banks is on the rise as soaring prices impact average Americans under President Joe Biden.
On Monday’s broadcast of NewsNation’s “Dan Abrams Live,” 2024 Democratic presidential candidate Rep. Dean Phillips (D-MN) stated that while he voted for the infrastructure bill, CHIPS Act, and Inflation Reduction Act and they’re all good pieces of legislation “They’re not
On Monday’s broadcast of CNBC’s “Squawk Box,” Treasury Secretary Janet Yellen acknowledged that “Americans still see increases in some important prices, including food, from where we were prior to the pandemic.” And responded to poor polling data on the economy
Green agenda policies are driving up inflation, raising costs and depressing economic growth, a top advisor to the Bank of England admitted.
On Tuesday’s broadcast of CNN International’s “Quest Means Business,” Professor of Economics at Harvard University and former International Monetary Fund Chief Economist Ken Rogoff said that while we’ve had tight monetary policy with extremely high interest rates, “our government spending fiscal
Democrats are reportedly in “despair” that Biden’s hopes of winning reelection are in “peril” due to his age and the cost of living for taxpayers.
On Friday’s broadcast of “PBS NewsHour,” New York Times columnist David Brooks argued that even though a lot of Democrats don’t like him, outgoing Sen. Joe Manchin (D-WV) saved the Biden administration and the Democratic Party by blocking proposals by the Biden
On Wednesday’s broadcast of CNN International’s “Quest Means Business,” CNN Senior Political Commentator and former Obama adviser David Axelrod stated that the country’s bad mood has “a lot” “to do with inflation” and President Joe Biden has poor approval ratings
The market is convinced the Federal Reserve will start cutting rates in the first half of next year. That’s not as crazy as it sounds.
A near-majority of American voters believe that former President Donald Trump’s top economic focus is to bring down the prices of goods, which they say is their top concern, according to a poll. In contrast, under a quarter believe this is Biden’s chief economic goal.
On Monday’s broadcast of MSNBC’s “11th Hour,” NBC Analyst and former Obama White House Press Secretary Robert Gibbs said that President Joe Biden “needs to stop talking about the fact that America is back.” And should message that “we have
On Monday’s broadcast of CNN’s “The Lead,” Rep. Jared Moskowitz (D-FL) stated that “We can’t tell people the economy is good or things are getting better, if they don’t feel it.” And noted that “Doing anything right now is more
On Monday’s broadcast of CNBC’s “Squawk Box,” White House National Economic Council Director Lael Brainard reacted to negative poll numbers on the economy by stating that “the economy is performing exceptionally well” but “people have been through a very challenging few
Santa Claus is not going on strike this year, but he may have a bit of an easier job hauling his sack from house to house.
On Friday’s edition of Bloomberg’s “Wall Street Week,” former Biden White House Council of Economic Advisers Chair Dr. Cecilia Rouse said that “we had unprecedented demand” due to “the remarkable support that the federal government here and abroad provided to
On Friday’s edition of NBC’s “MTP Now,” USA Today Washington Bureau Chief Susan Page stated that President Joe Biden has gotten “no credit” despite the fact that “The economy is pretty good.” Although she acknowledged, “Inflation’s still a problem,” and said that
