Exit polls in South Korea’s midterm elections on Wednesday predicted a landslide win for the left-wing Democratic Party (DP) and its “sister party,” the Democratic United Party (DUP).
The worse than expected inflation likely dashes hopes for a rate cut in June.
During an interview with Univision that took place on March 20 and was released on Tuesday, President Joe Biden responded to a question on what he would say to people who don’t feel economic growth or job creation in their
On Tuesday’s broadcast of CNBC’s “Squawk Box,” White House National Economic Council Director Lael Brainard responded to a question on real wages declining over the last three-and-a-half years by stating that “it is difficult for American consumers,” but “people actually
There’s a specter haunting Wall Street. The specter of resurgent inflation.
Inflation is once again the top worry of small business owners.
During an interview with CNBC released on Monday, Treasury Secretary Janet Yellen responded to a question on whether she is confident that inflation will hit the target rate of 2% by stating that she expects that inflation “will continue to
All 371 locations of the 99 Cents Only stores are shutting down, with company executives blaming the “difficult” decision on such causes as “inflationary pressures.”
A $100 grocery haul in 2019 costs almost $140 today for the same common items, causing consumers to “become creative to cope.”
On Thursday’s broadcast of “CNN Newsroom,” Harvard Economics Professor and former Chief Economist at the International Monetary Fund Kenneth Rogoff stated that even if the Federal Reserve is successful in bringing inflation down to 2% in the short run and
Breitbart economics editor John Carney said Thursday on Fox Business Network’s “Kudlow” that former President Donald Trump’s trade philosophy was about “reciprocity.”
On Wednesday’s broadcast of MSNBC’s “All In,” former Biden Chief of Staff Ron Klain stated that “Prices are too high” and “the price of gasoline is still high, other prices are still high, and people feel that pinch.” And President
In the economic seas we’re currently navigating, the idea of a Fed rate cut is starting to look like a theoretical exercise detached from the practical realities on the ground.
The Atlanta Fed said inflation is falling much more slowly than expected, so the Fed will probably not cut rates until the end of the year.
The potential that the Fed’s next move is up instead of down is arguably the most underpriced risk in the market.
Bidenflation is freaking people out as they look forward to their retirement years.
On Monday’s broadcast of NBC’s “Today,” President Joe Biden responded to a question on what he would say to people whose money isn’t going as far due to inflation by saying, “we have the best economy in the world. We’ve
The cost of Easter celebrations is nearing a historic high as inflation sends the prices of staples such as eggs and chocolate soaring.
The job of rebuilding the collapsed Francis Scott Key Bridge in Baltimore is going to take a lot longer than many people initially thought—and cost a lot more money.
The Fed targets two percent inflation.
On Thursday’s broadcast of CNN’s “AC360,” CNN Political Commentator and former Obama adviser Van Jones said that the economy is an issue where “actual reality and emotional reality have not lined up” for President Joe Biden because while there are many
On Thursday’s broadcast of NBC’s “MTP Now,” Minnesota Gov. Tim Walz (D) stated that “prices are still up. So, there’s kind of a general malaise that gets attached to the president.” But egg prices are up “because of bird flu,
A majority of voters are “worse off financially” under Joe Biden, up 25 points since he assumed office in 2021, according to a poll.
On Wednesday’s broadcast of MSNBC’s “Andrea Mitchell Reports,” Treasury Secretary Janet Yellen stated that a key plank of President Joe Biden’s agenda to lower costs is by “creating incentives to dramatically improve the use of clean energy in the United
On Wednesday’s broadcast of the Fox News Channel’s “Fox & Friends First,” Rep. Jeff Van Drew (R-NJ) stated that the impacts of the collapse of the Francis Scott Key Bridge in Baltimore earlier this week on the supply chain will
“BlackRock CEO Larry Fink said that he thinks “we’re going to have higher inflation than most people believe, and much of that is going to help those people who are worried.”
The economic consequences of the calamity in Baltimore are likely to be substantial.
A big supply chain disruption is just what the U.S. economy does not need right now.
President Joe Biden’s easy-migration policies are the top issue facing the United States, according to the latest Harvard Harris poll.
During an interview aired on Friday’s edition of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers stated that the “huge set of
On Friday’s broadcast of HBO’s “Real Time,” host Bill Maher stated that while food prices have gone up significantly under President Joe Biden, 2024 Republican presidential candidate former President Trump is doing better among younger voters because he lies and
President Joe Biden is underwater on the 3 top issues facing voters in 2024, a poll found, raising a red flag for Biden’s reelection chances.
A record number of Americans have been using “buy now, pay later” apps amid the surging inflation seen in Biden’s economy.
The Biden administration’s push for electric vehicles (EVs) is exacerbating the country’s inflationary woes by driving up the price of auto insurance, Breitbart Economics Editor John Carney told Fox Business host Larry Kudlow.
The latest dispatch from the Federal Reserve left the expected path of interest rates over the next year unchanged. Yet it hinted at a potentially tumultuous shift beneath the calm facade, a shift to a higher rate of interest over the long term.
Fed officials now expect it will take slightly higher interest rates to get inflation down to their two percent target and to keep it there.
It’s getting harder each day to avoid the conclusion that the Federal Reserve’s supposedly tight leash on the economy might be more of a myth than a reality.
The Joann Fabrics and Crafts company recently filed for bankruptcy but said it will continue serving customers in stores and online.
A majority of voters are “struggling” under President Joe Biden’s soaring inflation, a McLaughlin and Associates poll found Monday.
Despite the Fed’s belief that monetary policy is restrictive, the U.S. economy was frolicking along at a robust four percent growth rate in the latter half of the previous annum.
