During an interview with the “Pod Save America” podcast that took place on Monday and was released on Tuesday, White House Council of Economic Advisers member Heather Boushey responded to President Joe Biden acknowledging that the Inflation Reduction Act “has
On Friday’s broadcast of CNBC’s “Squawk Box,” White House Council of Economic Advisers Chair Jared Bernstein acknowledged that the declines in the inflation rate just mean “prices are rising more slowly.” And “People want to see some deflation” where prices
The price of diapers has skyrocketed since the pandemic, causing financial strain for parents and low-income families.
On Monday’s broadcast of CNN’s “OutFront,” Treasury Secretary Janet Yellen responded to an analysis by Moody’s on how much American households are spending due to inflation and a question on whether prices will drop by stating that “I don’t want
While speaking with Bloomberg on Thursday, Deputy Treasury Secretary Wally Adeyemo discussed the July CPI report where headline inflation and core inflation grew by 0.2% in the month, the same rate as the month before and the annual rate increased
On Friday’s broadcast of “CNN News Central,” CNN Business Editor-at-Large and CNN International Business Correspondent Richard Quest noted that the decrease in the rate of inflation doesn’t mean prices are falling, and “Prices are still going up. They’re just not
During an interview with Bloomberg on Friday, acting Labor Secretary Julie Su claimed that “prices are lower than they were a year ago, and significantly so.” And that gas prices “continue to come down.” Host Joe Mathieu asked, “Well, so
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
Kohl’s is apparently slashing prices on its Pride items weeks after facing calls for an online boycott.
On Tuesday’s broadcast of CNN’s “Inside Politics,” NPR White House Correspondent Franco Ordoñez stated that the August Consumer Price Index (CPI) numbers are “a wrench” in President Joe Biden’s plan to “turn this liability of the economy into a positive.” And
On Monday’s broadcast of CNN’s “New Day,” CNN Business Editor at Large and host Richard Quest stated that inflation will “continue to rise for the foreseeable future. It might slow down a bit, but prices are going to continue to
Seventy-nine percent of adults believe the American economy is in bad condition, and Democrats are contributing to that view.
A majority of Americans surveyed think the best indicator of an economic recession is inflation, according to a recent The Economist/YouGov poll.
On Tuesday’s broadcast of C-SPAN’s “Washington Journal,” Moody’s Analytics Chief Economist Mark Zandi stated that price gouging is not “a significant factor here in the high inflation that we’re observing,” and “I don’t think the reason why consumer price inflation
The cost for diesel fuel — used by farmers and truckers to supply Americans with products they need — is up 75 percent from last year.
Academy Award-winning actor Jon Voight posted a video Saturday on “freedom,” accusing President Joe Biden of having “lowered our nation’s standards and heightened our prices for his benefit,” while calling to “build up our country” and asserting Americans would “stand our ground for our truths” in the face of the nation’s temporary decline.
On Tuesday’s broadcast of CNBC’s “Squawk on the Street,” National Economic Council Director Brian Deese said that if we continue to act now, we’ll see “moderation in the price increases through the second half of next year.” Deese said, “I
Get ready for the most expensive Thanksgiving ever.
During a town hall on CNN on Thursday, President Joe Biden said that whether inflation lasts well into next year will depend on whether we make needed investments, and “If we stay exactly where we are,” inflation will last for
During an interview with ABC News on Thursday, Deputy Treasury Secretary Wally Adeyemo stated that the economy is in transition, “and as part of that transition, we are seeing high prices for some of the things that people have to buy.”
On Wednesday’s broadcast of CNN’s “OutFront,” University of Chicago Economics Professor and Chairman of the Council of Economic Advisers under former President Barack Obama Austan Goolsbee stated that he feels the supply chain issue and its upward pressure on prices
During a portion of an interview broadcast on Tuesday’s “CBS Evening News,” Treasury Secretary Janet Yellen said that as “we get the pandemic under control, the global economy comes back,” price pressures will be mitigated and prices will go back
The Consumer Price Index shows prices jumping even higher in July.
On Monday’s “CNN Newsroom,” New Jersey Gov. Phil Murphy (D) stated that enhanced unemployment benefits might be one cause of labor shortages, one way that the shortage is being resolved is by increasing wages, which Murphy conceded “may be a
Price hike announcements are feeding fears that inflationary pressures may be stronger than anticipated.
The price of men’s suits have fallen by more than 20% compared with a year ago.
A big jump after months of the federal government’s massive fiscal response to the coronavirus pandemic.
The Consumer Price Index showed that prices for many goods and services ticked up a bit in June but no sign of rising inflationary pressure.
Margins were squeezed in June as the economy grappled with an unsteady reopening, rioting, and widespread social unrest.
Beef prices jumped 69 percent in May, according to the Producer Price Index.
The latest Producer Price Index data debunks the idea that tariffs have squeezed American consumers.
For the second month in a row, the survey of manufacturing businesses in New York came in better than expected.
Inflation has been slowing down for the last two months, suggesting that the Fed will not hike rates this year.
The biggest surprise: prices of materials for consumer goods are falling and business margins are improving.
A federal requirement requiring hospitals to post how much they charge for their services online will go into effect on January 1, 2019.
Prices of goods imported from China actually fell after new tariffs kicked-in.
There’s a mysterious category in PPI called “trade services” that might have created an illusion of inflation in October.
Farm deflation could pressure the Fed to back off on interest rates.
Still no signs that tariffs are a “tax on consumers.”
