The Federal Reserve’s preferred inflation gauges showed underlying price pressures easing in May, reinforcing the case for interest rate cuts later this year as price growth continues to drift downward. The Personal Consumption Expenditures (PCE) price index, released Friday by
Durable goods prices—the category most directly exposed to international trade—were flat month-over-month, showing zero growth after a 0.5 percent gain in April.
Argentina’s annual Gross Domestic Product (GDP) growth stood at 5.8 percent during the first quarter of 2025, outpacing China, the National Institute of Statistics and Census of Argentina (INDEC) shockingly revealed this week.
Sen. Bernie Moreno (R-OH) tore into Federal Reserve Chair Jerome Powell during a tense Senate hearing accusing him of staying silent on Democrat-driven inflation while opposing President Trump’s trade policies and costing the U.S. government $400 billion a year.
The Fed chair once warned against using speculative forecasts to drive policy. Now he’s doing exactly that.
Fed chair tells lawmakers inflation could rise again due to Trump’s tariffs, keeping rate cuts on hold for now.
Bowman’s comments come just days after Fed Governor Christopher Waller also said he could support a July cut. T
The Federal Reserve announced definitively on Wednesday that President Trump’s tariff policies are forcing a more aggressive stance on inflation.
Retail sales fell in May, but beneath the surface, the picture of the American consumer remains solid—and in many categories, unexpectedly strong.
Pre-tariff measures show subdued cost pressures despite trade tensions.
Consumer sentiment soared in early June, rising for the first time in six months and posting its strongest monthly gain since January 2024, according to preliminary data released Friday by the University of Michigan. The university’s closely watched index of
Tariffs aren’t squeezing consumers. They’re squeezing foreign suppliers and protecting the American wage base.
Tariffs are not raising prices for final demand goods and services in the U.S., as another round of inflation data comes in softer than expected.
Real wages are rising. Prices are not. The economy is healing—not in theory or through tortured revisions, but in real-time and at the household level.
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,
Since Trump took office in January, the average price for a dozen eggs has plummeted from $6.49 on January 21 to just $2.52 today.
Over the past year, core prices are up 2.5 percent, the smallest year-over-year increase since March of 2021.
Japan’s economy contracted in the first quarter of 2025 – its first contraction in a year and a much worse showing than analysts expected.
On Wednesday’s broadcast of CNN’s “The Lead,” Sen. Peter Welch (D-VT) stated that while former President Joe Biden “had a good economic record,” “The fact that there was the Inflation Reduction Act and these other big bills wasn’t dealing with
Britain’s annual inflation rate charged upwards in April led by household energy and water bills, official data showed on Wednesday.
It’s axiomatic that if you follow a bad map, you will end up in a bad place. Such is the power of bad ideas, including the bad thinking that guided U.S. economic policymaking in the latter half of the 1960s and all through the 1970s.
April’s inflation reports were supposed to show the U.S. consumers were bearing the burden of President Trump’s new tariffs, but they didn’t.
Eggselent news!
Prices paid to U.S. producers of goods and services unexpectedly declined in April, defying predictions that tariffs would reignite inflation. The producer price index for final demand fell 0.5 percent last month, the Labor Department said on Thursday, the largest
Trump is keeping up the pressure on the Fed to cut rates.
April’s CPI came and went with no sign of the Trump administration’s new tariffs pushing up inflation.
Far-left NBC News, all of a SUDDEN, decided that a necessary public service it can offer is one that tracks grocery store prices.
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.
Kenya’s President William Ruto raised his arm to block a shoe that was thrown at him during a rally in the western county of Migori on Sunday, where he delivered a speech about the rising cost of living that has angered the Kenyan public.
Yesterday’s Breitbart Business Digest explained that the front-running on tariffs came from businesses and not from consumers. Today we expand on the evidence and explain why this is bullish for the economy.
The disappointing headline GDP number was enough to spark another round of recession hand-wringing across Wall Street and the financial press. But the details tell a different story.
100 days into the Trump administration, inflation has come down to zero.
Democratic sentiment hits all-time low as concerns about inflation, trade policy weigh on outlook.
Removing Jerome Powell as Fed chair might not give Trump the interest rate cuts he wants.
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.
Argentina’s poverty rate fell from 52.9 to 38.1 percent during the second half of 2024, per the National Institute of Statistics and Census.
Media attacks on the Trump administration due to the Atlantic’s leak of Signal messages do “not seem tied to evaluations of Mr. Trump overall,” according to a CBS News poll that found the president’s approval rating to be 50 percent.
The persistence of inflation above the Fed’s 2 percent target underscores that price pressures are building before the newly announced tariffs on imports have taken effect.
The notion that tariffs cause inflation has become a super-virus infecting the minds of President Trump’s critics, seemingly immune to the usual antibiotics of economic evidence and logic.
The Expectations Index — a gauge of how consumers view future income, business, and labor market conditions — plummeted to 65.2, the lowest level in 12 years.
