An economist is blaming both Republicans and Democrats for their “overspending” after the federal government revised inflation numbers upward for the January 2023 report on price increases. “Not only was…
Inflation accelerated on a monthly basis in January, surging past investor expectations as prices continue to climb, according to the Bureau of Labor Statistics (BLS). Prices climbed 0.4% on a…
In his second State of the Union address, President Joe Biden spoke Tuesday night about inflation, which has risen steeply during his presidency. “Inflation has been a global problem because…
President Joe Biden touted the $740 billion spending bill Democrats dubbed the “Inflation Reduction Act,” claiming during his State of the Union Address Tuesday that the bill decreases health care…
President Joe Biden refused to take responsibility Friday for high levels of inflation when asked by a reporter if he was to blame, instead arguing elevated prices were a problem…
Former Secretary of the Treasury Larry Summers urged central banks to not let up on efforts to fight inflation, saying it would be a “grave error” to relent while at…
Inflation may finally be retreating as price increases on wholesale items continue to slow in line with recent consumer inflation trends. Inflation faced by suppliers, as measured by the Producer…
While the Biden Administration is in a self-congratulatory mood about today’s year-end Producer Price Index (PPI) of 6.2%, a closer look at the data and recent history tells a more…