Germany’s Producer Price Soars to Record High as Inflation Raises Production Costs
Germany’s producer prices hit a record high in May as soaring energy costs and inflation continue to push production costs through the roof.
Inflation
Ex-Obama Economic Advisor Larry Summers Warns ‘Recession Is Ahead’
Larry Summers, the former economic advisor and Treasury Secretary in Barack Obama’s administration, has warned that Democrat President Joe Biden is leading America toward “a recession.”
Jerome Powell: Fed Is ‘Acutely Focused’ on Fighting Inflation
Federal Reserve Chairman Jerome Powell has insisted that curbing inflation and restoring stability to the U.S. dollar is one of the Fed’s highest priorities.
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.
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.
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 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.”
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.
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, and as low as $4.46 … Read more
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.