Inflation remains at historic highs, at 8.5% from July 2021 to 2022, according to a Bureau of Labor Statistics (BLS) report released Wednesday, as the Biden administration takes a victory…
President Joe Biden’s top economic adviser tried to deflect blame about inflation by making an example of the United Kingdom and the European Union during a Tuesday Fox News appearance.…
The labor market is beginning to cool, as the number of job openings fell in June and labor force participation remained lower than pre-pandemic levels. Economists predict that the number…
Rising prices mean that Americans are spending more on the same goods and services, and as a result more than 60% of U.S. consumers are living paycheck-to-paycheck or dipping into…
The Inflation Reduction Act is set to increase taxes on virtually every income tax bracket despite promises from the Biden administration and arguments from Democrats that regular Americans would not…
As American families are looking to cut costs amid historically high inflation, shopping at dollar and discount stores has increased precipitously. Spending on grocery products at discount chains surged by…
Credit card debt amongst young consumers surged in the second quarter as high inflation caused challenges at the cash register and led to increased debt delinquency, Reuters reported Monday. Cardholders under…
Neel Kashkari, president of the Minneapolis Federal Reserve, poured cold water on optimism that the Fed could rein in inflation and begin lowering interest rates by 2023 during an appearance…