Inflation Archives - Page 11 of 16

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. The OECD has cut its growth forecast for the U.S. economy, blaming high inflation and supply disruptions. The organization says the issues are remaining…

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. Governor Philip Lowe warned that “further steps” are yet to come as the country battles higher-than-expected inflation Lowe said the…

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." Fink made his comments while speaking with David Westin during an interview on "Bloomberg Markets: The Close." Westin stated that the markets had…

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." The network’s senior reporter Harry Enten put Biden and Speaker Nancy Pelosi (D-CA) on notice after looking at the president’s approval numbers. Enten and host Jake Tapper seemed…

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. The drop was revealed in the final May edition of the University of Michigan’s Sentiment Survey, which was released on May 27. The index fell from 65.2 in April to 59.1 in…

Fed Study Reveals How Long Americans Expect Soaring Inflation to Persist

A New York Fed study has revealed how much longer Americans expect to keep suffering from soaring inflation. The Fed's research paper says U.S. consumers expect no relief from high prices in the near term. Analysts believe that the current bout of booming inflation will keep percolating for the next…

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. The report, from marketing insights firm Acosta, shows that consumers are feeling the bite of inflation. People are responding by dining out less or choosing more affordable restaurants and meal options. In its foodservice-specific…

Biden: High Gas Prices Are Creating an ‘Incredible Transition’ to Green Energy

Democrat President Joe Biden has described the high gas prices, that are crippling families across America, as an "incredible transition" into green energy. Biden made the comments during a press conference on his Asia trip while trying to spin the crisis. “The price of gas at the pump is something…

Gas Price Jumps 33 Cents in 2 Weeks, Analysts Warn of $6 per Gallon by August

As the average gas price continues to soar in the United States, analysts are now warning that Americans could be paying $6 per gallon by August. According to the Lundberg Survey, the average price of regular-grade gasoline spiked 33 cents over the past two weeks to $4.71 per gallon. On…

CNN’s Dana Bash Grills Biden Official on Getting Baby Food Crisis and Inflation ‘So Wrong’

CNN's Dana Bash has called out Democrat President Joe Biden's administration for the nationwide baby food crisis and getting inflation "so wrong." Bash grilled National Economic Council director Brian Deese about the Biden administration’s response to inflation and handling of the baby formula shortage. “Let’s talk about inflation,” Bash said.…