Washington’s latest inflation report shows prices rising by 8.3% over the past year and core inflation (which excludes volatile food and energy prices) continuing to accelerate. Real wages have failed 2.7%. Moody’s Analytics and Penn-Wharton estimate that inflation is costing the average household $300 per month. A Harris poll reveals that 84% of Americans are […]
Elon Musk says Donald Trump should skip the 2024 election even as he vows to restore the former president’s Twitter account. The Tesla CEO shared his views on US politics in a series of tweets Thursday evening. He said Trump shouldn’t run for office because a ‘less divisive candidate would be better in 2024,’ before […]
President Biden warned Democratic donors at a Chicago fundraiser late Wednesday that decades-high inflation will “scare the living hell out of everybody” as the party faces the prospect of big defeats in November’s midterm elections. “We can’t let this happen, guys,” Biden said. “So, we have to — we have to — and it’s going […]
Abortion and the economy are running neck and neck as the most important issues for voters ahead of the upcoming midterm elections, according to a poll released Thursday. The Monmouth University survey found that 26% of Americans say the economy is the top topic influencing their vote for Congress this November, while 25% say abortion […]
WASHINGTON — Inflation slowed in April after seven months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households. Consumer prices jumped 8.3% last month from 12 months earlier, the Labor Department said Wednesday. That was below the 8.5% year-over-year surge in March, which […]
President Biden said Tuesday that soaring inflation was “a real tough problem to solve” and warned it could get worse before it gets better — while offering no new ideas to stem rising prices. “It’s really complicated. I’m not suggesting American people can’t understand it. They understand it, but they have, you know, they’re working […]
President Joe Biden said he could drop some of the tariffs imposed against Chinese imports to help control rising consumer prices in the US — just as Wall Street braces for another inflation report north of 8%. The White House is reviewing the penalties imposed under former President Donald Trump — which raised prices on […]
Christopher Waller, US President Donald Trump’s nominee for governor of the Federal Reserve, speaks during a Senate Banking Committee confirmation hearing in Washington, DC, US, on Thursday, Feb. 13, 2020. Andrew Harrer | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller pledged Tuesday that the rate-setting group wouldn’t make the same mistakes on inflation […]