Federal Reserve officials agreed on Wednesday to hold interest rates steady for the sixth consecutive meeting, signaling that it is willing to keep rates at the highest level in more than two decades for longer than previously expected and noting that progress on bringing down inflation has stalled. | Economy
With the decision to hold the line on rates, the committee noted a "lack of further progress" in getting inflation back down to the central bank's 2% target.
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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.
U.S. economic growth in the first quarter fell below the Federal Reserve's estimates of the economy's long-run potential for the first time in nearly two years, but the signs of slowing were accompanied with fast inflation that, if sustained, would pose a particular dilemma for the central bank.
President Joe Biden's approval rating is deep underwater on what Americans rated as their top two issues in an Economist/YouGov poll.
Relentlessly rising auto insurance rates are squeezing car owners and stoking inflation. Auto insurance rates rose 2.6% in March and are up 22% from a year ago. Premium costs have been marching steadily higher since 2022, even as inflation at the consumer level steadily cooled from its 9.1% peak in the middle of that year. Consumers have had some relief as the rate of cost increases for food and energy, two key components of most budgets, has eased greatly. But auto insurance and car...
Breitbart Economics Editor John Carney is calling for a national Inflation Day protest this June to demand policy change on the most pressing issue for Americans.
There is a reason we call them Regime Media: their propensity to file stories that protect President Joe Biden from any scrutiny whatsoever, and absolve him from responsibility over the present-day calamities. Case in point: the latest CBS Weekend News report on high car and insurance prices. Watch as anchor Jericka Duncan introduces correspondent Jeff Nguyen’s report, wherein she assures viewers that Nguyen will explain why car prices are so doggone high: JERICKA DUNCAN: Drivers are...