Inflation Archives - Page 8 of 16

30 Percent of Gen Z Americans Permanently Living with Parents amid Inflation Squeeze

Almost 30 percent of Gen Z Americans are living with their parents amid recent pressures from inflation and the pandemic, according to a new survey. The large number of Americans born in the late 1990s and early 2000s who still live at home with their parents or relatives comes amid…

Morgan Stanley Warns Bear Market ‘Not Over,’ Even If We Avoid Recession

American multinational investment bank Morgan Stanley has warned that the current bear market is "not over" amid recent positive signals. A brief bounce back in the stock market may be short-lived amid chronic inflation, according to analysts at Morgan Stanley and Goldman Sachs Group, Inc. The likelihood of a recession being on…

Retail Sales Rose in June but Down When Inflation Taken into Account

Retail sales in the United States saw a 1 percent rise in June but were down when the impact of inflation is taken into account. The change is largely due to higher prices for food and gas, led by inflation and not sales volumes. The news was revealed by the…

Key Democrat Rep Warns Biden to Stop Lying about Inflation: ‘People Can Feel and See Spin’

Rep. Elissa Slotkin (D-MI), a former CIA analyst and member of the House Homeland Security Committee, has called out Democrat President Joe Biden and other Democratic leaders for lying about inflation. Slotkin is accusing the Biden White House and Democrat House Speaker Nancy Pelosi (D-CA) of spinning the issue of…

Defaults to Soar amid ‘Extremely High’ Recession Risk and Rising Borrowing Costs

Credit defaults in the United States are expected to soar as borrowing costs continue to rise amid an "extremely high" risk of recession, a group of finance industry leaders is warning. An association of fund managers issued a dire prediction about the growing risk of credit defaults. The International Association…

Chelsea Clinton Bashes Trump, Praises Biden for Having ‘Taken Action’ on Inflation

Chelsea Clinton has taken a swipe at President Donald Trump while praising Joe Biden for having "taken action" to tackle soaring inflation. Clinton appeared on ABC’s “The View” and attempted to suggest that Biden has been a great improvement over Trump. During the show, Clinton helped the hosts steer blame…

Joe Manchin Scolds Biden and Pelosi for Ignoring Warnings ‘about Rising Cost of Inflation’

Democrat Senator Joe Manchin (D-WV) has scolded President Joe Biden and Democratic Party leadership for ignoring his warnings on inflation. Now, inexplicably, the Democrats and Biden are pushing for more spending as the cost of living crisis continues to soar. However, Manchin is refusing to comply with his party's agenda.…

Economist Who Correctly Predicted Inflation Is Now Predicting More to Come

The economist who correctly predicted today's inflation is now warning that there's more to come. Hundreds of economists employed by the Federal Reserve were apparently blindsided by the current wave of inflation. Meanwhile, there were economists who got their predictions right. Not only have they got the overall inflation number…

Biden’s Inflation-Tackling Just ‘Theater,’ Top Republican on Ways and Means Committee Warns

The top Republican on the House Ways and Means Committee has warned that Democrat President Joe Biden’s efforts to tame soaring inflation are nothing more than a “political gimmick” and “theater.” Rep. Kevin Brady (R-TX), the Republican Leader on the House Committee on Ways and Means, argues that Biden's proposals—like rolling…

Trump Reveals What Inflation Would Be like If He Were Still President

President Donald Trump has declared that the Biden administration's decades-high inflation would have never happened on his watch. Trump discussed the economy in his Fourth of July message as many American households are battered by soaring everyday costs. In a post on his Truth Social platform, Trump wished his 3.4…