FOX Business host provides insight on Biden’s speech on record-high inflation on ‘Kudlow.’ President Biden said Tuesday that bringing down inflation is his “top domestic priority” but there are limits on what any president can do unilaterally to bring down the high consumer costs that have dogged Biden’s approval numbers. Tackling inflation will take the […]
NEWYou can now listen to Fox News articles! The liberal co-hosts of ABC’s “The View” appeared to be playing a game of smoke and mirrors Wednesday as they sought to credit former President Barack Obama for the “soaring” economy Americans experienced under former President Donald Trump’s administration. The liberal ladies also oddly accused Republican administrations […]
Numerous factors are pushing prices up, with regular gasoline hitting a record $4.40 a gallon Wednesday according to AAA’s survey. Gas prices were already expected to breach the $4 a gallon mark for the first time since 2008, with or without shots fired in Eastern Europe or economic sanctions imposed on Russia. The good news […]
Bitcoin (BTC) dropped by $1,500 in minutes on May 11 as the latest United States inflation data delivered mixed sentiment on the economic outlook. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin puts in fresh 10-month lows Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD diving from $31,500 to abruptly pierce the $30,000 support […]
(Bloomberg) — Hang out long enough in the city with the highest inflation in the US, and you’ll quickly understand why the Federal Reserve faces a Herculean task taming prices. Most Read from Bloomberg Midland, Texas, is strung between El Paso and Dallas along Interstate 20, and more than four hours’ drive from either big […]
National Everything from the war in Ukraine to the politics behind oil prices could be blamed for high pump price tags. Average gas prices are at a record high in Massachusetts at $4.44 per gallon, according to AAA. David L. Ryan/Globe Staff If you’ve filled up your tank in recent weeks, it’s possible you won […]
Former Chairman of the council of economic advisers Kevin Hassett argues data from April’s consumer price index report shows the Federal Reserve’s moves to try and curb soaring inflation are not working. Top congressional Democrats Wednesday said they have a lot to do to address inflation, as numbers released Wednesday morning show continued high prices […]
Food prices were 9.4% higher in April 2022 than in April 2021 — the largest annual increase in 41 years, the Bureau of Labor Statistics said Wednesday. Grocery prices jumped 10.8% for the year. (The prices do not reflect seasonal swings.) Individual items, too, are facing unique challenges. Avocado prices soared after the US briefly […]
Check out what’s clicking on FoxBusiness.com. Gas prices hit another record Wednesday, but one expert projects things could get even worse for US motorists. The national average retail price for a gallon of regular gasoline reached $4.40. However, Andy Lipow, the president of Lipow Oil Associates, estimated that the national average could soon arise as […]
Shoppers in New Jersey told Fox News that inflation was forcing them to change their habits, with several saying that aid at home should be prioritized over helping Ukraine. “I hope it goes down eventually, especially gas and food,” one New Jersey resident who said inflation has impacted his daily decisions told Fox News. “I […]