Bidenflation - Page 8

Inflation was a much bigger drag on consumer spending than was thought.

June saw a bigger than expected decline in consumer confidence due to worsening expectations for the economy.

Hollywood went all in for Joe Biden in 2020. And now they are paying the price, literally, as the cost of movie and TV production soars to levels that are giving entertainment executives sticker shock.

Economic contractions can be hidden beneath inflation. You might have a recession that no one notices until you are already months into it.

The latest signal of looming stagflation.

We set a grim record low for consumer sentiment in mid-June. Now it is even grimmer.

If it takes a recession—or even a period of stagflation—to bring down inflation, so be it. So says Fed Chair Jerome Powell.

Powell says the war in Ukraine is not the primary cause of inflation, which started long before Russia’s invastion.

Powell signaled that the Fed is willing to risk a recession in order to tame inflation.

Kellogg’s did real damage to its brands when it decided to take sides in American politics by boycotting Breitbart.

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

The price of gas has risen because demand has far outpaced supply. So, the Biden White House had the brilliant idea of sending people special debit cards to buy gasoline, thereby pumping up the demand while continuing to choke off the supply.

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

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 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.

Smithfield Foods, Inc. is closing a hog processing plant in California because of the exorbitant costs of doing business in the Golden State.

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

Taking care of man’s best friend under the Biden administration is yet another task made more complicated by inflation.

President Joe Biden will spend the weekend partying with Hollywood elites at a chic Los Angeles fundraiser as American families everywhere face yet another round of sticker shock as inflation hits a new record.

Putin ate all our hamburger meat, apparently.

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.

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.

Product sizes on store-bought packages are subtly decreasing while prices remain the same as companies are using the sneaky method of “shrinkflation” to combat rising costs, according to an Associated Press (AP) report.

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

Real wages are plunging, gas prices are at a record high, home affordability at a record low. You decide.

We have to wonder if someone at the White House is thinking that if you’ve lost Cardi B, you’ve lost America.

A majority of independents and Republicans, as well as a plurality of Democrats, say the U.S. economy is in a recession.

The cracks that have started to emerge in the post-pandemic recovery grew a bit more visible in the May jobs report.

Biden misleadingly cited data from last year, when inflation was much lower, to claim Americans feel comfortable with their personal financial situation.

Tesla CEO Elon Musk plans to cut ten percent of the jobs at his electric carmaker because he has a “super bad feeling” about the economy. The Company will also institute a hiring freeze, which has caused an 8% plunge in its stock price in intraday trading.

Labor costs moved much higher in the first three months of the year than previously thought.

The White House launched a campaign this week to shift the public’s perception away from the idea that inflation is the result of the Biden administration’s policies.