Gas Price Average Soars to Over $6 in California Counties
The national gas price average hit a new record high in the U.S. on Tuesday, with counties in blue California seeing average prices well over $6 per gallon.
The national gas price average hit a new record high in the U.S. on Tuesday, with counties in blue California seeing average prices well over $6 per gallon.
“Given where inflation is now, I suspect we’re going to have to move above neutral, but I can’t tell you exactly how far above neutral,” said Loretta Mester.
The national average price for both a gallon of regular gas and diesel broke all-time records Tuesday – two months after gas prices shattered records on five consecutive days.
Inflation and recession worries are holding back small businesses in the U.S.
Anxiety among lower-income households has soared thanks to inflation.
Public expectations of household spending rose to a record high in April, data from the Federal Reserve Bank of New York showed Monday. The New York Fed said that households expect their spending to rise by 8 percent over the
Jerome Powell still believes in immaculate disinflation—and he appears to have won the market over to his view.
The U.S. trade deficit rose an astonishing 22 percent in March to $109.8 billion.
A big jump in factory orders likely reflects prices rising more than real growth.
The recession is expected to start in the second half of 2023.
Prices paid for factory inputs rose substantially in April and at the fastest rate so far this year, the S&P Global U.S. Manufacturing purchasing managers index survey showed.
Crop prices were up 5.6 percent from last month and 23 percent from the previous year. Livestock prices increased 6.7 percent from February and were up 39 percent compared with a year ago.
Real personal income has fallen in 7 out of the last 8 months.
A decline in gasoline prices helped boost expectations.
Bidenflation pushes prices up at the fastest pace since 1981.
The experts have been telling us for months that the economy was doing extraordinarily well once you look past the little problem of inflation. The American people weren’t buying it. And today’s Bureau of Economic Analysis revealed that the people were right.
A disaster start to Joe Biden’s second year in office.
Concern over inflation is at its highest level since 1984.
British oil and gas giant BP has given fresh meaning to the term “sticker shock” by fining a Wisconsin gas station for displaying an image of a grimly smiling President Joe Biden with a pointed finger captioned “I did that!” on a pump.
Inflationary pressures soared in April for both manufacturers and services sector businesses, hurting business confidence and the willingness of consumers to spend.
Pricing pressures just keep going up and up and up even as demand shows signs of slowing.
Forget the idea that inflation has already peaked.
Sales of million dollar plus homes are up 25 percent while sales of less pricey homes are down sharply.
For the first time in the history of the N.Y. Fed’s housing surveys, a majority of renters think they’ll never buy a home.
A plurality of Americans expect inflation to worsen over the course of the next six months, a survey from YouGov/The Economist found.
The price of products on Amazon is likely to increase following the company’s introduction of a five percent “fuel and inflation surcharge” for sellers using Amazon’s fulfillment services.
American families are seeing a challenging time paying energy bills as prices continue to surge while inflation soars, with no end in sight.
American families had a more challenging time putting food on the kitchen table in March as everyday food prices continued to surge. The kitchen table itself even got more expensive
Restaurants across the nation are cutting specific promotions and reworking menu specials amid record inflation levels.
Consumer price index data due out this week will show soaring U.S. inflation hit another four-decade high last month even as President Joe Biden claimed rising prices are more to do with malevolent outside forces than his own economic (mis)management.
Wholesale inventories rose as businesses expect robust demand in the months ahead.
The United States Postal Service (USPS) announced Wednesday that it aims to raise postage prices by July 10 and has filed a notice of the desired changes with the Postal Regulatory Commission (PRC).
Consumers are coping with inflation by piling debt onto their credit cards, but that debt will become more expensive when the Fed hikes interest rates to fight inflation.
A record-high share of Americans think their personal financial condition will worsen over the coming year.
Jeff Brown, a financial analyst, futurist, and founder of Brownstone Research, which provides investing expertise to help everyday investors — and advertising sponsor of Breitbart News — said on Wednesday’s episode of SiriusXM’s Breitbart News Daily with host Alex Marlow that the Green New Deal, Build Back Better, and Great Reset are “in a very frightening way very intertwined with each other.”
The Federal Open Market Committee’s March meeting minutes indicate that the Federal Reserve still believes it can bring down inflation painlessly.
New orders and activity surged higher in March, pushing prices up at record pace.
It’s not just used cars and washing machines anymore.
Republicans are far more trusted on inflation, jobs, and the economy than Democrats.
Inflation is high because the government pumped so much money into the economy, a study from the Federal Reserve Bank of San Francisco finds.