John Carney - Page 39

Fifty-two percent say gas prices are soaring because of Biden’s energy policies.

Claim: Putin’s war against Ukraine is the biggest driver of inflation, the White House said Monday. Verdict: False.

Go woke, go broke.

The New York Fed’s economic model sees the economy contracting this year and next year.

Bank of America sees growth falling to near zero in the back half of next year and a 40 percent chance of a recession.

A huge drop in manufacturing of electronics, appliances and home furniture sent output sinking while high energy prices drain demand from the rest of the economy.

The annual tech and media symposium that Allen & Co. organizes at the Sun Valley Resort has been described as a “summer camp for billionaires.” This year it might seem a bit like a week at Easter Lake, the fictional summer camp repeatedly plagued by a hockey-masked serial killer named Jason.

The outlook turned negative for the first time since December 2008, when the national economy was deep in the financial crisis.

Home builders slammed on the brakes in May as interest rates and inflation soared.

While the Federal Reserve did the right thing on Thursday by raising its target by three-quarters of a percentage point, the question of whether the central bank will continue to do the right thing remains open.

The latest reading raises the odds that we could have a second quarter of economic contraction.

Fed officials revised their views significantly since the March meeting but still seem optimistic about the chances of a soft-landing.

The Fed’s biggest hike since 1994.

The New York Fed’s barometer of manufacturing sector activity in New York produced a negative reading for the second month in a row.

Retail sales outside of gas stations and car dealers were down 0.4 percent compared with April.

The Federal Reserve is going to have to play catch up to rein in inflation.

So much for the idea of gas prices souring because of greed and gouging.

Higher borrowing costs are pushing buyers out of the market.

A week ago, the Fed Funds futures market implied a 4 percent chance of a 75 basis point hike. Now it implies a 90 percent chance.

Sixth month in a row of double-digit inflation.

For the second consecutive month, the share of businesses expecting better conditions in the near-future set a new record low.

The Federal Reserve Bank of New York’s monthly survey of U.S. households indicates a dramatic turn for the worse in both current conditions and expectations for the year ahead.

The latest survey of U.S. consumers from the New York Fed shows inflation expectations have continued to rise and households are taking a dimmer view of their financial prospects.

Inflation does not look like the result of “Putin’s price hike” or even supply-chain disruptions. It is being driven by consumer demand pumped up by a legacy of stimulus–monetary and fiscal–and fueled by a red hot labor market.

Consumer sentiment fell to its worst level ever recorded, as did perceptions of buying conditions. Expectations for inflation exploded higher.

Did Putin steal all our ice cream?

It’s been more than four decades since Americans saw prices rising this fast at the grocery store.

Inflation accelerated again in May, defying expectations that price hikes had peaked earlier this year.

There’s blood on the floor of the Mouse House throne room.

Gas prices have surged to a new record high across the United States, causing sticker shock at the pump and prompting many Americans to reconsider summer travel plans.

Two-thirds think the recession hits in the first half of next year. The rest say it will hit in the second half. None believe a recession can be avoided.

Reports are that the explosion may have taken the Texas facility offline for three weeks, heightening the pressure on Europe as it seeks to decouple from Russian energy.

Two-third of Americans think inflation is going to get worse over the coming year.

The most recent poll from the Economist and YouGov is indicative of just how big of a problem inflation is for Biden and the Democrats.

President Biden has lost his own party when it comes to the economy.

Cassandra’s forecasts about the destruction of Troy turned out to be as accurate Republican forecasts about our current economic turmoil, but neither were believed by the powers-that-be.