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…
Manchin Touts Inflation Bill but Says He Wont…
Senator Joe Manchin, D-W.V., made the morning talk show rounds on Sunday to talk about the Inflation Reduction Act of 2022, a revival of President Joe Biden’s Build Back Better economic bill that collapsed earlier this year.…
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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…
Report: Inflation Soars to 9.1%
The Consumer Price Index (CPI) rose 9.1% between June 2021 and June 2022, meaning that inflation once again surpassed record highs, a Wednesday morning report from the U.S. Bureau of Labor Statistics showed. The most recent year-over-year inflation figure…
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…
Biden Falsely Claims U.S. Inflation at a Fraction…
President Joe Biden once again falsely claimed that inflation in the U.S. is lower than the rest of the world during a Thursday press conference. Biden made the statements in response to questions from reporters…
Liberal City Hikes Minimum Wage for Municipal Workers…
The Austin City Council voted to approve a resolution that would direct the city manager to adopt a minimum wage of $22 per hour for city employees. During the meeting on June 16, several city workers testified…
Energy Expert Says Inflation Has Not Peaked, Expect…
Oil Associates President Andy Lipow argued that inflation has not yet peaked and that higher oil prices are expected following the European Union’s decision to ban the overwhelming majority of Russian imports. Lipow made the arguments…
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Former Fed President Reveals the ‘Big Mistake’ That…
Former President and CEO of the Federal Reserve Bank of Philadelphia Charles Plosser revealed on Thursday who he believes is responsible for the inflation "crisis" as price hikes sit near 40-year highs. Speaking on "Cavuto: Coast to…