Inflation
As Recession Fears Grow, Consumers Tap Savings While Banks Sock Away Cash
Cash savings rates for many banks have reached decade-highs. In contrast, savings rates for individuals have reached decade-lows.
Biden's Bear Market Comes After Shortest One in U.S. History
Past bear markets have been as short as a month and as long as nearly two years.
Fact Check: Is Joe Biden's 'Putin Price Hike' Inflation Claim Accurate?
President Joe Biden blamed Russian President Vladmir Putin for the country's record rises in inflation.
Seven in 10 Economists Expect Recession in U.S. Next Year: Poll
Most economists do not believe the Federal Reserve will raise rates by 0.75 percentage points in 2022.
Ecuadorians Fed Up With High Gas Prices, Inflation Begin Demonstrations
Protesters demanded that Ecuadorian President Guillermo Lasso drop gas prices and freeze them at $1.50 per gallon.
Marjorie Taylor Greene Claims Tampon Shortage Fueled by Transgender People
Experts say supply chain issues are to blame for the shortage.
Joe Biden Faces Only Bad Options as Inflation Soars
The issue with the most obvious solution to Biden's problem is that it has its own political cost—one that requires him to have to sacrifice an economic win.
World Bank Predicts Bleak Future as Global Economy Faces Multiple Crises
"Of course, we have the war in Ukraine and its repercussions. We have increasing interest rates, tightening financial conditions," Ayhan Kose said.
Goldman Sachs Strategists Staying Optimistic As Stocks Take Plunge
"Equity valuations remain far from depressed," said David J. Kostin with Goldman Sachs.
Inflation to 'Get Worse' Even After Hitting 40-Year High: Allianz Adviser
"We may well get to 9 percent at this rate," Allianz chief economic adviser Mohamed El-Erian warned Sunday.
Ex-Obama Adviser Critical of Biden Says 'Recession More Likely Than Not'
Larry Summers noted Sunday that periods of high inflation and low unemployment are "almost always" followed by a recession.
Gas Station Owner Who Stopped Selling Fuel Over 'Ripoff' Prices Applauded
Ren's Mobil Station owner Reynold Gladu received praise for protesting oil companies "fleecing Americans."
How Much Did Exxon Make Last Year? Biden Demands Oil Giant Pay Its Taxes
The president said Exxon "made more money than God this year."
Biden Fumes at Shipping Moguls Raising Prices: Makes You Want to 'Pop Them'
"Every once in a while, something you learn makes you viscerally angry," Biden said from America's busiest port on Friday.
Russia's Inflation Is Leveling Out While America Hits 40-Year High
The U.S. Labor Department reported the highest year-over-year Consumer Price Index (CPI) increase since December 1981 on Friday.
Joe Biden Under Pressure From Galloping Inflation
President Joe Biden is attempting to tackle high inflation as the crucial midterm elections approach.
Gas Station Glitch Gives Drivers 69 Cents Per Gallon Price
Gas prices have not been as low as 69 cents per gallon since the late 1970s.
Real Life Vs. Politics
President Joe Biden, his administration and the Democrats in Congress have forgotten a simple rule of American leadership: real life dominates politics.
Jan. 6 Committee Is Battling Monkeypox, Gas Prices, Guns for U.S. Attention
Not only are Americans more worried about issues like inflation, more than half describe themselves as "burned out" over U.S. politics.
Joe Biden on Republican Rule-Breakers: 'We Gotta Send Them to Jail'
The president used a Monopoly reference when discussing with Jimmy Kimmel how the Republican Party don't "play square" in terms of politics.
Gas Prices So High It's 'Cheaper to Buy Cocaine,' Senator John Kennedy Says
The Louisiana Republican said taking the drug and running everywhere is a better option than buying gas for vehicles amid record-high prices.
Five Dollar Gas a Reality for 9 States, More to Follow
The national average for a gallon of regular gas was $4.848 on Jun 5, up 60 cents from a month ago.
Africa Leaders Urge Putin to End Ukraine Blockade on Critical Food Supplies
Acute hunger might increase by 17% globally if the war continues, with the sharpest increases expected in countries in East, West, and Southern Africa.
Ro Khanna Takes Aim at Joe Biden on Inflation as Public Anger Grows
The annualized rate of U.S. inflation in May dipped to 8.3 percent but was still near a 40-year high.
Biden Economy Message Eclipsed by Musk's 'Bad Feeling,' Dimon's 'Hurricane'
Biden spent the week pushing an optimistic message on the U.S. economy, but his detractors are warning Americans: "You better brace yourself."
Biden Is Not Rising to the Occasion When It Comes to Inflation
President Biden needs a history lesson from former President Jimmy Carter.
Fact Check: Has Inflation Gone Up Every Month of Joe Biden's Presidency?
President Joe Biden faces significant midterm election challenges as inflation has pushed up the price of goods throughout his time in office.
The Fed Created the Next Recession
The longer-term structural issue is the fact that we grew the money supply by six and a half trillion dollars.
What Is Joe Biden's Plan to Tackle Inflation? Strategy to Curb High Prices
The White House has stated that it's a priority of President Joe Biden's administration to curb inflation as food and gas prices skyrocket in the U.S.