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We have been saying for a few weeks that the softness in the April numbers looked like a "blip" and that the economy appeared to rebound in May. The jobs numbers confirm that view, and we expect that will not be lost on Fed officials when they meet next week.
The post Breitbart Business Digest: The Fed Can Take the Rest of the Summer Off appeared first on Breitbart.
As the Federal Reserve prepares for its June Federal Open Market Committee (FOMC) meeting, speculation is rife about its next move.
The post Breitbart Business Digest: The Fed’s High-Wire Act appeared first on Breitbart.
May brought a surprising burst of vitality to the U.S. economy, with robust reports from the Institute for Supply Management (ISM) and S&P Global.
The post Breitbart Business Digest: April’s Showers Bring May Flowers appeared first on Breitbart.
Those looking at the Job Openings and Labor Turnover Survey (JOLT) and seeing it as a roadmap to a July rate cut have taken a wrong turn.
The post Breitbart Business Digest: Consumer Strength Powers Growth Despite Soft Job Openings appeared first on Breitbart.
On Monday’s broadcast of CNBC’s “Last Call,” Professor of the Practice of Economic Policy at Harvard University and the Harvard Kennedy School Jason Furman, who served as Chairman of the Council of Economic Advisers under President Barack Obama and on the
The post Fmr. Obama Adviser: Greed Isn’t Causing Inflation, Companies Didn’t Only Decide to Maximize Profit Under Biden appeared first on Breitbart.
Persistent inflation matches core inflation, suggesting that further progress on bringing down inflation will be hard to come by.
The post NY Fed Gauge of Inflation Persistence Shows Stickiness Following Surge appeared first on Breitbart.
Our view that the Fed would not cut rates this year has gone mainstream.
The post Breitbart Business Digest: ‘No Cuts’ Goes Mainstream appeared first on Breitbart.
On Friday’s broadcast of Bloomberg’s “Balance of Power,” White House Council of Economic Advisers Chair Jared Bernstein reacted to the April Personal Consumption Expenditures (PCE) index by stating there has been a consensus that “the kind of stall in disinflation
The post White House on Annual Core, Overall PCE Holding, Monthly Core Dropping 0.1%: Still Have Good Disinflationary Forces appeared first on Breitbart.
On Friday’s broadcast of HBO’s “Real Time,” CNN Senior Political Commentator and former Obama adviser David Axelrod stated that while President Joe Biden has “a lot to be proud of” economically, “the big but is, cost of living, inflation. Yes,
The post Axelrod: Biden Has ‘a Lot to Be Proud of’ Economically, Just Not in ‘How People Are Experiencing the Economy’ appeared first on Breitbart.
On Friday’s edition of NBC’s “MTP Now,” NBC News White House Correspondent Mike Memoli stated that “the Biden team has seemed to concede that there’s nothing they’re going to be able to do to fix the inflation problem” and are
The post NBC’s Memoli: Biden Team Has Given Up on Trying ‘to Fix the Inflation Problem’ and Is Trying to Argue Style appeared first on Breitbart.
The Fed meeting minutes released on May 22 mentioned "various officials" worrying that rates might not be as restrictive as thought.
The post Breitbart Business Digest: Is the Fed’s Monetary Policy Still Too Loose? appeared first on Breitbart.
Walgreens is lowering prices on more than one thousand items as other corporations also battle inflation in President Joe Biden's America.
The post Bidenflation Backlash: Walgreens Joins Amazon, Target, Walmart, Cutting Prices on Thousands of Items appeared first on Breitbart.
Nolte: The far-left welfare queens and McCarthyites at NPR are freaking over His Fraudulency Joe Biden’s “glaring” problems with young voters.
The post Nolte: Far-left NPR Admits Biden’s Problem with Young Voters Is ‘Glaring’ and Economic appeared first on Breitbart.
It is becoming clearer with each passing day that there will be no interest rate cuts in the immediate future—and maybe not even in the distant future.
The post Breitbart Business Digest: High Rates Here to Stay – Sorry, Biden! appeared first on Breitbart.
Neel Kashkari said that “dramatic increase in immigration” is boosting housing demand, adding to inflation and keeping the Fed from cutting interest rates.
The post Fed President Kashkari: Immigration Surge Keeps Inflation and Interest Rates Sky-High appeared first on Breitbart.
Lending Tree surveyed 2,000 American adults and found 78 percent now consider fast food a luxury.
The post Nolte: Bidenflation Turned Fast Food into ‘Luxury’ for 78% of Americans appeared first on Breitbart.
Because no national figures ever actually go there to interact with the residents, the people of the Bronx are often spoken for, and caricatured, by media and politicians claiming to represent them.
The post Morris: MIA New York Democrats Don’t Know Their Constituents appeared first on Breitbart.
During an interview with CNBC Europe on Tuesday, Minneapolis Federal Reserve Bank President Neel Kashkari stated that right now, inflation is going sideways, we need “many more months of positive inflation data” to get one to two rate cuts and government
The post Minneapolis Fed Pres.: Gov’t ‘Contributed to’ Inflation, Inflation ‘Sideways’, Need ‘Many More Months’ for Rate Cuts appeared first on Breitbart.
The Conference Board's monthly measure of consumer confidence is another piece of evidence suggesting that the economy accelerated in May.
The post Breitbart Business Digest: Inflationary Growth Is Blooming Again appeared first on Breitbart.
Consumer confidence rose in May but households' assessments of their financial health worsened and inflation expectations rose.
The post Despite Surprise Boost in Consumer Confidence, Recession Fears Rose in May appeared first on Breitbart.
After three months of rough inflation news, the April data is expected to give Fed officials at bit of a breather.
The post Fed’s Favored Inflation Gauge Expected To Soften This Week appeared first on Breitbart.
High mortgage rates are holding back the supply of homes for sale, putting homes out of reach for many Americans.
The post Home Prices Soar to Record High, Squeezing Affordability appeared first on Breitbart.
Just 40 percent of the public approve of Biden's handling of the economy. Trump gets a 62 percent approval rating.
The post Swing State Poll Shows Trump Trouncing Biden on Inflation and Economy appeared first on Breitbart.
Who invited Bidenflation to the cookout? Hamburger prices are up six percent and hot dog prices up 7 percent.
The post Cruel Summer: Bidenflation Pushes Memorial Day Cookout Costs Up 10% appeared first on Breitbart.
Voters worry more about Joe Biden's inflationary and open border policies than Donald Trump's abortion policy, per a poll.
The post Poll: Joe Biden’s Rising Costs, Open Border More Worrisome than Donald Trump’s Abortion Policy appeared first on Breitbart.
While Wall Street has finally come around to the view that interest rates are likely to stay higher for longer, it may still be underestimating just how high and how long.
The post Breitbart Business Digest: Rates Will Stay Higher for Longer appeared first on Breitbart.
Americans are bracing for a cruel summer as consumer sentiment takes a significant hit, driven the impression that we cannot shake off persistent inflation and the view that the economy is not out of the woods. The University of Michigan’s
The post Cruel Summer: Consumer Sentiment Plummets as Inflation Fears Grip the Nation appeared first on Breitbart.
Businesses stay optimistic as inflation stubbornly persists and Fed keeps rates high.
The post U.S. Economy Picks Up Speed, Defying Fed Attempts To Cool Inflation and Growth appeared first on Breitbart.
The April-May minutes have a much more hawkish tone than the summary of the previous meeting.
The post Fed Minutes Show Officials Willing To Hike If Needed appeared first on Breitbart.
Fifty-six percent of Americans believe President Joe Biden's economy is in recession and a majority blame the president, a poll found.
The post Guardian Poll: Majority Say U.S. Is in Recession, Blame Biden appeared first on Breitbart.
During an interview with Sky News host and NBC Contributor Wilfred Frost on Tuesday, Treasury Secretary Janet Yellen stated that inflation has declined from where it was and she believes “it will stabilize in the next year or so.” In response
The post Yellen: Inflation Has Fallen, I Think ‘It Will Stabilize in the Next Year or So’ appeared first on Breitbart.
Former President Donald Trump ripped President Joe Biden's release of gas reserves on Tuesday and predicted that gas prices would soar to $10 dollars a gallon if Biden is reelected.
The post Donald Trump Rips Biden’s Release of Gas Reserves: ‘He’s Unable to Drill Properly’ appeared first on Breitbart.
Progress on inflation has been very slight, so any rate cuts will have to wait until the Fed has several more months of data on inflation, Waller said.
The post Fed’s Waller Says Rate Cuts Will Have To Wait Until ‘Several More Months’ Of Good Inflation Data appeared first on Breitbart.
Breitbart News economics editor John Carney said Tuesday on Fox Business Network's "Kudlow" that it was incorrect for President Joe Biden to blame corporate greed for inflation.
The post Carney on Kudlow: ‘They Can’t Say It with a Straight Face’ — Biden Blames Corporate Greed for Inflation But It’s Just Not True appeared first on Breitbart.
You can add the collapse of the U.S. consumer to the list of things that nearly everyone has been expecting but shows no signs of actually occurring.
The post Breitbart Business Digest: We’re Still in a No Landing Economy appeared first on Breitbart.
Americans are not only suffering from "Bidenflation" but "tipflation" as well, an April survey from Talker Research found.
The post Survey Shows ‘Tipflation’ Affecting Americans’ Wallets appeared first on Breitbart.
On Friday’s broadcast of Bloomberg’s “Surveillance,” Bloomberg columnist, economist, President of Queens’ College, Allianz Chief Economic Adviser, and former Obama Global Development Council Chair Dr. Mohamed El-Erian stated that the “sustainable energy” transition has helped create “a world that’s subject
The post Fmr. Obama Econ. Adviser El-Erian: Green Energy Transition Helped Create Higher Inflation Environment appeared first on Breitbart.
On Friday’s broadcast of the Fox News Channel’s “America Reports,” economist, President of Queens’ College, Allianz Chief Economic Adviser, and former Obama Global Development Council Chair Dr. Mohamed El-Erian said that it will be “very hard” to get inflation from
The post Fmr. Obama Econ. Adviser El-Erian: Regulation, Spending Helped Create Inflationary Environment appeared first on Breitbart.
At least six establishment media outlets fact checked President Joe Biden's repeated false claim that inflation was nine percent when he "came into office."
The post Multiple Establishment Media Outlets Fact Check Biden’s Repeated False Inflation Claim appeared first on Breitbart.
While speaking at the Minnesota Republican Party's annual Lincoln Reagan Dinner on Friday evening, former President Donald Trump blasted Bidenomics, rising inflation, and the high cost of groceries.
The post Trump: Biden ‘Has Made It Impossible’ for Americans to Buy Cars, Homes appeared first on Breitbart.
The Job Creators Network's (JCN) latest Times Square billboard calls out President Joe Biden and his administration's false and misleading statements about inflation being nine percent when he took office.
The post Job Creators Network Hammers Biden’s Bogus Inflation Numbers With Massive Times Square Billboard appeared first on Breitbart.
American progressives are in a state of high dudgeon, gnashing their teeth at the realization that the American people favor Donald Trump's economy over Joe Biden's.
The post Breitbart Business Digest: The Real Reason Americans Prefer Trump’s Economy to Biden’s appeared first on Breitbart.
Walmart is reporting an increase in sales as shoppers have reportedly been buying more groceries due to rising fast food prices.
The post Report: Walmart Sees Increase in Sales as Shoppers Buy More Groceries over Rising Fast Food Prices appeared first on Breitbart.
During an interview with Bloomberg on Thursday, JPMorgan CEO Jamie Dimon stated that he sees “a lot of inflationary forces in front of us” including “the green economy, the remilitarization of the world, the infrastructure requirements, the restructuring of trade,
The post Dimon: ‘Green Economy’ Is Inflationary appeared first on Breitbart.
Jerome Powell might want to look away from the stock market. It's making a mockery of the idea that financial conditions are sufficiently restrictive.
The post Breitbart Business Digest: Dow 40,000 appeared first on Breitbart.
On Wednesday’s broadcast of the Fox News Channel’s “Special Report,” Rep. Dean Phillips (D-MN) stated that President Joe Biden needs “a major course correction, acknowledgment of inflation, the immigration crisis, and real attention to addressing both of those issues,” and
The post Dem Rep. Phillips: Biden Needs ‘Major Course Correction,’ ‘Real Attention’ on Fixing Inflation, Border or Face ’24 ‘Wipeout’ appeared first on Breitbart.
The White House says that you shouldn't take Joe Biden literally when he says inflation was nine percent when he took office—and tries to dodge responsibility for the price surge that has plagued his presidency.
The post Fact Check: White House Tries to Justify Biden’s Lies on Inflation appeared first on Breitbart.
One month's worth of data does not make a trend—unless it fits the consensus narrative that the Fed is going to cut interest rates a few times this year.
The post Breitbart Business Digest: Fed Is Still Not Cutting in September appeared first on Breitbart.
The National Institute of Statistics and Census of Argentina (INDEC) announced on Tuesday that inflation in Argentina continued its downward trend in April, reaching an 8.8 percent rate that month and dropping to a single digit for the first time in six months.
The post Argentina: Inflation Drops to 8.8%, Reaching Single Digits for First Time in 6 Months appeared first on Breitbart.
Home builder sentiment unexpectedly turned negative in May as high rates and new regulations hit the sector.
The post Lack of Progress on Inflation Pushes Homebuilder Sentiment Back Into Negative Territory appeared first on Breitbart.
Families racked up credit card debt and went into delinquencies at an increased rate since the pandemic, the New York Fed found Tuesday.
The post New York Fed: Credit Card Delinquency Spikes as Costs Soar Under Joe Biden appeared first on Breitbart.
The historically high inflation under President Joe Biden’s watch is “pushing small business to the brink,” Job Creators Network President Alfredo Ortiz writes in an op-ed at The Hill.
The post Alfredo Ortiz: Biden’s Inflation Is ‘Pushing Small Businesses to the Brink’ appeared first on Breitbart.
Actor John Leguizamo wants Latinos to stop blaming President Joe Biden for the economy, telling them to instead blame record-high consumer prices on COVID and Trump.
The post John Leguizamo Scolds Latinos Blaming Biden for Economy appeared first on Breitbart.
On Tuesday’s broadcast of CNN’s “AC360,” CNN Senior Political Commentator and former Obama adviser David Axelrod stated that while democracy issues are important, “if you’re sitting around the kitchen table talking about democracy and the future of democracy, it’s [probably]
The post Axelrod: Biden Is Self-Congratulating, Not ‘Advocating for People in a Tough Economy Because of the Inflation’ appeared first on Breitbart.
During an interview aired on Tuesday’s broadcast of NPR’s “Morning Edition,” U.S. Trade Representative Amb. Katherine Tai responded to concerns that the Biden administration’s China tariff regime, which includes keeping tariffs from the Trump administration, will be inflationary by stating that
The post U.S. Trade Rep. on Keeping Trump Tariffs: Studies Showed They Weren’t Inflationary appeared first on Breitbart.
On Tuesday’s “PBS NewsHour,” Treasury Secretary Janet Yellen predicted that President Joe Biden’s tariffs won’t cause any meaningful price increases for typical families and responded to a question on her criticism of the Trump tariffs as “taxes on consumers” by
The post Yellen on Calling Trump Tariffs ‘Taxes on Consumers’: Biden’s Are ‘Targeted’ appeared first on Breitbart.
CLAIM: President Joe Biden claimed during an interview with Yahoo Finance that inflation was nine percent when he took office in January 2021.
The post Fact Check: Joe Biden Claims Inflation Was at 9% When He Took Office, Again appeared first on Breitbart.
Jerome Powell still stubbornly resists the idea that the Fed's next move may be a hike rather than a cut.
The post Breitbart Business Digest: Powell Still Won’t Admit Rate Hikes Might Be Coming appeared first on Breitbart.
The producer price index shows that inflation accelerated significantly in April.
The post Inflation Inferno: Producer Price Index Shows Prices Rising Much More Than Expected appeared first on Breitbart.
During an interview aired on Monday’s “PBS NewsHour,” Democratic U.S. Senate candidate Rep. Elissa Slotkin (D-MI) stated that abortion “is the most profound kitchen table issue that we have. It’s not separate from inflation. It’s not separate from the economy.”
The post Dem Rep. Slotkin: Abortion Is ‘Most Profound Kitchen Table Issue’ ‘It’s Not Separate from Inflation’ and Economy appeared first on Breitbart.
During an interview with Bloomberg on Monday, Treasury Secretary Janet Yellen responded to polling data on the economy and falling consumer sentiment by stating that “the cost of living in many areas is very high. And it is a concern
The post Yellen on Polls, Falling Sentiment: ‘Cost of Living in Many Areas Is Very High’ appeared first on Breitbart.
During an interview with Bloomberg on Monday, Treasury Secretary Janet Yellen commented on President Joe Biden’s reported forthcoming announcement of increased tariffs on China by stating that the move is being made because President Joe Biden wants to protect “the
The post Yellen: We Need Tariffs to Protect ‘Stimulus’ from ‘Inflation Reduction Act’ appeared first on Breitbart.
Mothers are back to work in droves in Biden's inflated economy after the government shuttered businesses and closed schools during the pandemic.
The post U.S. Department of Labor: More Mothers Working Than Before Pandemic appeared first on Breitbart.
Gen Z is struggling financially with low income and higher debt-to-income ratios than Millennials did when they were their age, according to a recent study.
The post Report: Gen Z Struggling with Low Income, Higher Debt-to-Income Ratio Compared to Millennials appeared first on Breitbart.
President Joe Biden's policy of mass migration is forcing up housing inflation, so pushing up interest and mortgage rates, according to a report in the Wall Street Journal.
The post Wall Street Journal: Biden’s Migration Spikes Interest, Mortgage Rates appeared first on Breitbart.
Former President Donald Trump referenced his famous words from The Apprentice, a reality television show that aired between 2004 and 2017, saying when he won the 2024 presidential election, he would tell President Joe Biden he was "fired."
The post Donald Trump Says He’s Going to Tell Joe Biden: ‘You’re Fired’ appeared first on Breitbart.
There's really no mystery why so many people are unhappy with the Biden economy.
The post Breitbart Business Digest: One Chart Shows Why So Many People Hate the Biden Economy appeared first on Breitbart.
The British economy bounced back strongly in the first three months of the year, bringing to an end to the technical recession.
The post UK Economy Leaves Recession With Stronger Than Expected Growth, Office For National Statistics Says appeared first on Breitbart.
The specter of inflation haunts the corridors of the West Wing, and the Biden administration's every attempt to exorcise the poltergeist of rising prices only deepens the grip of its possession.
The post Breitbart Business Digest: Inflation Tightens Its Grip on Biden’s Re-Election Prospects appeared first on Breitbart.
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