Inflation Archives - Page 10 of 16

US Refiners Increase Heavy Crude Oil Imports as Biden Threatens Executive Action

The United States has increased imports of heavy crude oil as Democrat President Joe Biden threatens to use executive powers to force companies to help with soaring gas prices. Amid Western sanctions on Russia, Biden sent a letter earlier this week calling on U.S. energy producers to make more gasoline…

UK Central Bank Hikes Interest Rates to Tackle Runaway Inflation

The UK's central bank has raised its benchmark interest rate for the fifth time in a row as the country battles to tame the nation’s cost-of-living crisis. The bank has become the latest monetary authority to tighten in response to runaway inflation. Policymakers at the Bank of England (BOE) decided…

Biden Admin Officials Privately Admit Russian Sanctions Are ‘Exacerbating Inflation, Worsening Food Insecurity’

White House officials are leaking about America's mounting economic crises, admitting privately that Democrat President Joe Biden's sanctions against Russia are "exacerbating inflation and worsening food insecurity." Biden admin insiders are reportedly raising concerns the sanctions on Russia are causing massive "collateral damage" to the American and the world economy.…

Biden Gets Angry, Comes Clean about ‘Reckless’ Spending: ‘We’re Changing People’s Lives’

Democrat President Joe Biden appeared angered over allegations of his "reckless" spending during a Tuesday speech, arguing that "we're changing people's lives." Biden seemingly gave up the game during his speech at AFL-CIO’s convention in Philadelphia. In a sudden outburst of rage, Biden yelled, “I don’t want to hear any…

Red Flag Flashes for Recession as Bellwether 2-10 Yield Curve Inverts

A red flag for recession was raised on Monday when the yield curve inverted on the bellwether 2-year/10-year U.S. The indicator is being seen as a sign that the U.S. economy is about to slide into a recessionary period. Treasury spread on expectations that the Federal Reserve might tighten monetary policy…

Average Gas Price Hits $5 for First Time in US History

The national average price of a gallon of gas has just hit $5 for the first time in U.S. history. According to the American Automobile Association (AAA), which tracks prices, the average price hit $5 on June 11. The average is as high as $6.43 in some states, including California,…

Lauren Boebert Shuts Down AOC: ‘Your Policies Are Failing America and You’re Going to Lose the House’

Republican Rep. Lauren Boebert (R-CO) has shut down Rep. Alexandria Ocasio-Cortez (D-NY) by reminding the New York congresswomen that the November midterm elections are looming. Rep. Boebert fired back at AOC after she tried to blame the GOP lawmaker for the Jan. 6 riot on Capitol Hill. Boebert said on…

Dow Jones Plummets 880 Points after Inflation Hits 40-Year High

Stocks on Wall Street have plummeted across the board after a highly anticipated inflation report and consumer sentiment survey produced shocking results. The May Consumer Price Index (CPI) report by the U.S Bureau of Labor Statistics surprised experts with a rapid rise in prices due to inflation, and bad news from the…

Biden Doomed as Grocery Store Prices Rise at Fastest Pace Since 1979

President Joe Biden and the Democrats' doomed fate may have just been sealed after the latest figures show grocery store prices rising at the fastest pace since 1979. Biden went to California and had no choice but to address the shocking inflation numbers. After two years of Biden telling us…

Biden Comes Clean on Inflation: ‘It’s Not Coming Down as Quickly as We Must See’

Democrat President Joe Biden has admitted that inflation "is not coming down as sharply and as quickly" as we need it to. After today’s stunning inflation numbers, there is no end in sight to the economic gloom. The Labor Department’s report hit Biden hard showing the consumer price index jumped…