WASHINGTON >> A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid.
Economic growth increased at a slower pace than economists had predicted in the first quarter, while President Biden continued to deliver a positive message about the economy. NBC News' Peter Alexander reports.
An already-fraught economic backdrop for the Albanese government’s third federal budget has been complicated by hotter-than-expected inflation data. Consumers were slugged with price hikes for hard-to-avoid expenses such as rents, education fees, insurance and medical bills in the first three months of the year, latest data from the Australian Bureau of Statistics shows. On a […]
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“Our estimations suggest that the 10.6% year-to-date depreciation of the Ghanaian Cedi could elevate Ghana’s annual inflation profile by between 80 basis points – 100 basis points at end of 2024 as the FX [foreign exchange] pressures pass through higher transport fares, utility tariffs, and imported items.”
Retail inflation has lessened, but businesses are still swamped by huge price increases in materials and servicesConsumer prices ticked up again in March, rising to anywhere from 3.2% to 3.8% year-over-year, depending on the rate you’re tracking. Of course, that’s way down from what it was back in 2022. But don’t tell that to any of my clients – or people running businesses in just about every industry across the country. For them, prices are not only rising but are significantly –...
Doling out relief payments largely caused inflation to soar.
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An inflation measure closely watched by the Federal Reserve rose faster than expected in March as high prices continue to weigh on millions of Americans. The personal consumption expenditures index showed that consumer prices rose 0.3% from the previous month, according to the Labor Department, in line with expectations. On an annual basis, prices climbed 2.7% – higher than both the 2.6% forecast from LSEG economists and the 2.5% reading recorded the previous month. In another sign that progress...
We’ve often said that the Regime Media, often cast President Joe Biden as the truest, purest victim of whatever calamity they happen to be reporting on. And so it is with inflation, which is at or near the top of the list of voter concerns ahead of the 2024 presidential election. Here is how NBC Chief White House Correspondent Peter Alexander began his report on inflation: PETER ALEXANDER: Tonight after more than a year and a half of strong spending, some of the steam is now coming out of...
We’ve often said that the Regime Media, often cast President Joe Biden as the truest, purest victim of whatever calamity they happen to be reporting on. And so it is with inflation, which is at or near the top of the list of voter concerns ahead of the 2024 presidential election. Here is how NBC Chief White House Correspondent Peter Alexander began his report on inflation: PETER ALEXANDER: Tonight after more than a year and a half of strong spending, some of the steam is now coming out of...
Literally the day after President Biden bragged, "We're following my blue collar blueprint to rebuild America, and guess what? It's working!", Bidenomics struck with a vengeance Thursday.