A strong labor market and the retreat of covid-19 provided some buoyancy to consumer confidence in March, although inflation, gas prices, and the outbreak of war in Ukraine have dimmed expectations for the near-term future. The Conference Board said its
President Joe Biden’s proposed budget for the coming year includes a 4.6 percent pay hike for federal civilian employees, twice as much as the budget’s assumed inflation rate.
The Dallas Fed’s manufacturing survey show price expectations are soaring.
A new survey shows the extent of the American public’s loss of confidence in the Fed and the Biden administration’s inflation fighting skills.
Food banks are feeling strains from inflated prices and increased demand, while President Biden says a food shortage looms, per a report.
How much more of this can we possibly take?
Thirty-two percent of consumers expect their overall financial position to worsen in the year ahead, the highest ever recorded in the history of the surveys started in the mid-1940s.
Prices charged by manufacturers in the Fifth District rose by a seasonally adjusted 9.16 percent over the past twelve months.
Amazon Flex drivers and other gig economy drivers have staged a protest outside an Amazon warehouse calling for an increase in pay to deal with surging gas prices during the unprecedented inflation under President Joe Biden.
Home prices are surging even while mortgage rates are climbing, creating an affordability crunch.
Back up above $100 for Brent and WTI.
A new record high in inflation expectations.
Claim: Speaker of the House Nancy Pelosi (D-CA) claimed that the Democrats’ massive spending bills and proposed Build Back Better bill “does not increase inflation.”
A distress signal for the U.S. economy from the New York Fed.
Prices keep surging higher.
With inflation rates hitting their highest levels in 40 years in President Joe Biden’s economy, key battleground states are among those hardest hit, an Axios report found.
However much you disapprove of the job Biden is doing on inflation, he disapproves of the job you are doing with inflation even more.
The president made his remarks at a Democrat policy retreat to Democrats in Philadelphia in a rambling speech about issues facing his presidency.
Sixty-three percent disapprove of the president’s handling of the issue of inflation.
The readings of current conditions and expectations among Democrats are the lowest of Joe Biden’s presidency.
Inflation is here to stay for the foreseeable future, and the White House would like us to believe it’s all Putin’s fault.
American families have a more challenging time putting food on the kitchen table in February as everyday food prices are surging higher, with no end in sight.
It isn’t just getting more expensive to put food on the kitchen table. It’s getting costlier to just get a kitchen table to begin with.
Prices jumped 2.5 percent in a single month!
Inflation has been running very hot for nine straight months and shows no signs of peaking.
Imports rose while exports fell, pushing the trade deficit up to $89.7 billion at the start of the year.
Nine out of the top ten states with the most expensive cost of gas per gallon are led by Democrats, according to the report.
Consumer credit is closely watched by economists because expansions of consumer credit tend to lead to expansions of overall economic activity.
Hey Joe: What did you say about cutting our costs?
The idea that inflation is caused by the lack of competition was gently dismissed by Fed chair Powell.
The Fed, in its latest Beige Book report that collects business anecdotes from around the country, said that prices charged to customers increased at a “robust pace” across the United States.
We haven’t seen prices rise this fast since 1975.
Consumers’ views of their present situation fell sharply, near-term expectations fell by even more, and the expectation for the long-term prospects for the economy are at a decade low.
Can’t stop. Won’t stop. The Fed’s favorite inflation gauge shows prices rose at their fastest pace in 40 years last month.
The median price of a new home was $423,300 in January, a seven percent from $395,500 the previous month, reflecting the Bidenflation hitting construction materials.
The national median prices for one-bedroom and two-bedroom rental units have skyrocketed as rent climbs across the country, per a report.
It’s like someone has put a neon sign flashing #BIDENFLATION on the White House lawn and the Biden’s are scrambling to pull the plug.
Demand collapsed in February as wildfire inflation burned through the Fed’s Fifth District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia.
Concerns about inflation are on the rise again after easing in December and January.
Desperate Senate Democrats propose a temporary federal gas tax cut to undo some of the inflationary damage they’ve done. But don’t worry, they don’t really mean it. The tax cut, that is.
