Businesses Are ‘Extremely Cautious’ Heading into New Year
American businesses are remaining “extremely cautious” as they head into the new year as recession fears continue to weigh heavy for 2023.
Inflation
Ex-Treasury Secretary: Recession Is Coming and It Won’t Be Mild
Larry Summers, who served as Bill Clinton’s Treasury Secretary and Barack Obama’s National Economic Council advisor, has warned that a recession is coming and that it will not be a mild one.
American Consumers’ Sentiment on Economy Plummets, New Survey Shows
Sentiment regarding the U.S. economy is plummeting among American consumers, a new survey has revealed.
US Inflation Dips Below 8 Percent for First Time since February
Inflation rates in the United States have dipped below 8 percent for the first time since February.
Auto Loan Delinquencies Hit Highest Level in a Decade as Borrowing Costs Soar
Delinquencies on auto loans have hit their highest levels in a decade as growing numbers of American fail to meet their repayments amid soaring borrowing costs.
Rattner: High Inflation ‘Not All on Biden’ as Trillions in Fed Stimulus Partly to Blame
Former Obama administration adviser Steve Rattner said on Thursday that the Biden administration is not entirely to blame for soaring inflation.
MSNBC’s Joy Reid: Republicans ‘Have Taught People the Word Inflation’ to Smear Democrats
MSNBC host Joy Reid has claimed that conservative voters had never heard the word “inflation” until Republicans turned it into a campaign issue to use against Democrats for this year’s midterms.
Biden Lies about Son’s Death Again While Blaming Inflation on ‘War in Iraq’
Democrat President Joe Biden has been caught lying about his son’s death again during a gaffe-filled speech on Tuesday.
Japan Announces $485 Billion Spending Package to Counter Soaring Inflation
Japan’s prime minister has announced a massive spending package that seeks to counter the nation’s rising inflation.
Yellen Admits Inflation Could Get Worse but Has ‘Confidence’ It’ll Get Better, Eventually
Treasury Secretary Janet Yellen has admitted that inflation could get worse but insists that she has “confidence” that price pressures will ease “over the next year or two.”