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.
Inflation
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 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.
US Economy Slowing Due to Persistent Inflation, Supply Woes, OECD Warns
The United States economy is slowing down due to persistent inflation and ongoing supply chain issues, the Organization for Economic Cooperation and Development (OECD) has warned.
Australia’s Central Bank Shocks with Huge Cash Rate Hike to Tackle Inflation
The Australian central bank, the Reserve Bank of Australia, has hiked the cash rate by a massive 50 basis points, from 0.35 percent to 0.85 percent, to tackle soaring inflation.
BlackRock CEO Larry Fink Warns Inflation Will Last a ‘Number of Years’
Larry Fink, the chairman and CEO of the world’s largest asset manager BlackRock, has warned that U.S. inflation is likely to continue “for a number of years.”
CNN Warns Biden: ‘That Is a Very, Very, Very, Very Bad Number on the Most Urgent Issue Facing Americans’
CNN has issued a warning to Democrat President Joe Biden that he is failing the American people on “the most urgent issue.”
US Consumer Sentiment Falls to Near 10-Year Low in May
Consumer sentiment in the United States has fallen to an almost ten-year low in May, new data reveals.
Fed Study Reveals How Long Americans Expect Soaring Inflation to Persist
A New York Fed study has revealed how much longer Americans can expect to suffer soaring inflation.
Report Reveals Inflation’s Growing Impact on Dining Habits
Soaring inflation is having a direct impact on people’s dining habits, a new report has revealed.