Text size Traders work at the New York Stock Exchange, Monday, June 13, 2022. The last thing the U.S. economy needs is a drop in consumer spending driven by the…
Americans have been accumulating extra savings during the pandemic, but that money is rapidly shrinking due to inflation. Some 70% of Americans are using their savings to cover rising prices,…
“When do you think they’re going to announce we’re going into a recession?” the rapper tweeted this week. We wish we had known the answer, Cardi. After all, recession forecasting…
The White House puts a positive spin on the economy before the midterm elections, arguing that the president that of Joe Biden policies did not cause inflation but rather puts…
Former President Donald Trump said Friday’s announcement that inflation had hit an 8.6% annual rate would “never have happened” had he been re-elected in 2020. “Just released, very bad CPI…
President Joe Biden slammed Exxon Mobil on Friday for what he described as the oil giant’s greedy reluctance to produce more oil, just hours after US economists said inflation in…
Last week, Treasury Secretary Janet Yellen did something unusual for a Washington policymaker: She admitted she had made a mistake. In an interview with CNN’s Wolf Blitzer about the persistently…
Shares fell sharply on Thursday ahead of a key inflation report as investors worried about the state of the US economy. The Dow Jones Industrial Average fell 638.11 points, or…
Products are seen in a supermarket, in Los Angeles, California, May 27, 2022. Lucy Nicholson | Reuters Tackling runaway inflation won’t be easy or quick, and it can come with…
Stock market drop could drive real economy into recession
Text size Traders work at the New York Stock Exchange, Monday, June 13, 2022. The last thing the U.S. economy needs is a drop in consumer spending driven by the…
‘Prices won’t come back down’: Americans dip into savings to cope with record inflation
Americans have been accumulating extra savings during the pandemic, but that money is rapidly shrinking due to inflation. Some 70% of Americans are using their savings to cover rising prices,…
Confused about the economy? Here’s what you need to know
“When do you think they’re going to announce we’re going into a recession?” the rapper tweeted this week. We wish we had known the answer, Cardi. After all, recession forecasting…
White House talks ‘historic’ economy as inflation-weary voters doubt Biden
The White House puts a positive spin on the economy before the midterm elections, arguing that the president that of Joe Biden policies did not cause inflation but rather puts…
Trump has ‘I told you so’ moment on record inflation numbers
Former President Donald Trump said Friday’s announcement that inflation had hit an 8.6% annual rate would “never have happened” had he been re-elected in 2020. “Just released, very bad CPI…
Joe Biden stings Exxon Mobil on gasoline prices after May CPI inflation report
President Joe Biden slammed Exxon Mobil on Friday for what he described as the oil giant’s greedy reluctance to produce more oil, just hours after US economists said inflation in…
Inflation and consumer woes add to fears recession is already here
Trays of beef are for sale in the meat department of a supermarket in McLean, Virginia on June 10, 2022. Saul Loeb | AFP | Getty Images The case for…
How could Yellen and Powell get inflation wrong?
Last week, Treasury Secretary Janet Yellen did something unusual for a Washington policymaker: She admitted she had made a mistake. In an interview with CNN’s Wolf Blitzer about the persistently…
Stocks drop sharply, Dow drops more than 600 points ahead of pivotal inflation data
Shares fell sharply on Thursday ahead of a key inflation report as investors worried about the state of the US economy. The Dow Jones Industrial Average fell 638.11 points, or…
Bringing inflation down will take time, patience and pain
Products are seen in a supermarket, in Los Angeles, California, May 27, 2022. Lucy Nicholson | Reuters Tackling runaway inflation won’t be easy or quick, and it can come with…