The Federal Reserve’s preferred measure of inflation, the personal consumption expenditures (PCE) price index, surged past economists’ expectations in January, breaking a recent downward trend, according to the Bureau of…
It’s tax season, and the IRS has a new $80 billion slush fund at its disposal, thanks to the misnamed Inflation Reduction Act, which was signed into law in August.…
It is frustrating that so many otherwise competent, knowledgeable economists and commentators are failing to land a punch on President Joe Biden regarding inflation. It’s not that people don’t know…
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…