September's inflation numbers were tied for the record since 2008, and were above consensus expectations yet again. With inflation being so severe and persistent, the messaging about inflation is about to change. First, it was…
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Yellen Says No Signs of Recession Despite GDP…
Treasury Secretary Janet Yellen said Thursday that the U.S. economy doesn’t appear to be in a recession despite two straight quarters of negative gross domestic product (GDP). During a Thursday press conference after the release of GDP…
Mclaren 720s New Car
Average Car Payment Hits New Record Causing Americans…
The average car is getting less affordable for the average person, with typical monthly payments hitting all-time highs. According to a report by Cox Automotive and Moody's Analytics, the affordability of new vehicles continued to climb in…
This is Where Americans Are Cutting Spending Due…
Inflation rates keep climbing which is causing Americans to cut back on their spending. “The pace of price increases moderated, but not as much as expected,” said Greg McBride, chief financial analyst at Bankrate, in…
Former White House Economist: This is Why Inflation…
Former Chairman of the council of economic advisers Kevin Hassett argued on Wednesday, shortly after the release of April's inflation data, that the Federal Reserve’s policies to try to alleviate soaring prices are not "having any effect at…
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What Sanctions Really Do To a Country
In Ukraine today, President Volodymyr Zelenskyy accused Russia of war crimes over its continued bombardment of the port city of Mariupol, after reports of a military strike on an art school sheltering hundreds of civilians.…
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Mike Pence Takes a Shot Over Gas Prices
FIRST ON FOX: Former Vice President Mike Pence has launched a second ad within his policy organization's $10 million campaign targeting Democratic lawmakers and demanding support for America's energy independence amid the Russia-Ukraine war. Pence's advocacy and policy…
See the Biggest Economic Risks for 2022
The Covid years are littered with predictions that didn’t work out. For anyone looking ahead into 2022, that should be enough to give pause. Most forecasters, including Bloomberg Economics, have as their base case a…
Economic Growth Rate Slows to 2%
The U.S. economy grew at a 2% rate in the third quarter, its slowest gain of the pandemic-era recovery, as supply chain issues and a marked deceleration in consumer spending stunted the expansion, the Commerce…
