Inflation Reignites: Fed’s Favorite Inflation Gauge Shows Prices Rising Again
After a brief respite from rising prices in November, the personal consumption expenditure price index shows inflation picked up in December.
personal consumption expenditures
Breitbart Business Digest: Taylor Swift’s (Not So) Cruel Summer Economy
Let’s face it. This is Taylor Swift’s economy. The rest of us just work in it.
Breitbart Business Digest: Americans Went on a Summer Spending Spree
Jerome Powell has frequently said that the Federal Reserve sees the stance of monetary policy as “restrictive.” The American consumer, however, begs to disagree.
Inflation Unexpectedly Surges Higher, Putting Pressure on Fed To Keep Hiking
Inflation is on the rise again. Can the Fed afford to pause at the next meeting.
Breitbart Business Digest: Hot Inflation Means at Least One More Fed Hike
The bottom line for next week’s meeting of the Federal Open Market Committee is another 25 basis point hike.
Breitbart Business Digest: The Federal Open Market Committee Disagrees with Fed Staff on Inflation
Now we know why Federal Reserve officials at the March meeting yanked down their expectations for economic growth for this year and next: the economics staff of the central bank warned that a recession is on the way.
Breitbart Business Digest: Powell Does Not Like Goldilocks
At first glance, the Commerce Department’s report on personal income and spending in October looks like what some people have referred to as Goldilocks data.
House Republicans: Schumer-Manchin Tax Increases ‘Likely to Worsen Economy’
House Republicans slammed Democrats’ newly unveiled Inflation Reduction Act of 2022 on Friday, saying it is “likely to worsen the economy.”
Fed’s Favorite Gauge of Inflation Surges to New 40 Year High
More bad news on inflation.
U.S. Slouches Toward Recession as Inflation Drags Down Income and Spending in May
Inflation-adjusted spending and income fell in May, raising concern that the post-pandemic economic recovery may have already run out of steam.
Key Inflation Rate Surges to 6.6%, Highest Since 1982
Bidenflation pushes prices up at the fastest pace since 1981.
Bidenflation: Prices Are Rising Even Faster Than We Thought
It’s not just used cars and washing machines anymore.
Bidenflation Pushes Durable Goods Prices Up Most in 47 Years
We haven’t seen prices rise this fast since 1975.
Bidenflation: Consumer Prices Rise at Fastest Pace in 30 Years
Consumer prices rose at their fastest annual pace since 1991.
U.S. Personal Spending and Incomes Fell More Than Expected in February
Personal consumption expenditures fell one percent, a deeper drop than the 0.7 percent forecast by economists.
Personal Income Jumped 10% in January
Personal income rose 10.0 percent in January and consumer spending rose 2.4 percent, the Department of Commerce said Friday.
Dark Winter: Household Spending Drops For First Time in Seven Months
Household spending and incomes were down by much more than expected in November, indicating a weakening economy.
