Inflation

A new report about the economy could deal another blow to the president's already lagging popularity.

The German financial powerhouse has suggested the Fed could raise interest rates sharply as it attempts to battle inflation.

"The economy is going through a difficult period," said Alexei Kudrin, chairman of Russia's accounts chamber.

Colorado Governor Jared Polis cited the "impacts of inflation and the cost of living" as reasons for the tax rebate program.

It's a disgraceful dereliction of duty—and the American people shouldn't stand for it, not least because it means inflation won't be mitigated.

I don't want to see the United States become Argentina, but it's possible.

A survey found that 37 percent of Americans expecting a tax refund this year will use it to pay bills or debt, while another 31 percent will save or invest it.

"They're the same in this aspect—when you believe that men can become women, why wouldn't you also believe that you could print wealth?" Kirk asked.

Inflation has jumped to its highest level in 40 years according to government figures from March, which could put a squeeze on wallets.

A report released Tuesday from the Labor Department showed that inflation increased at the highest rate in decades over the last 12 months.

March's inflation report is the first to reflect the full impact of the Russia-Ukraine war on prices for gasoline, food and other necessities.

"I think people need to know that and they're blaming everyone else except themselves," the GOP Senate candidate said Sunday.

The USDA said grocery store and supermarket food costs are expected to rise by 3 to 4 percent this year.

The findings come as Biden battles rising inflation and the Russia-Ukraine war, and Trump looks to assert his influence over the 2022 midterm elections.

"This to me is a Band-Aid," one expert told Newsweek, "and we have to really look at a longer-term solution."

Recent polls have found Biden trailing Trump in a hypothetical 2024 presidential matchup despite the two taking differing stances on Russia and Putin.

The White House says the move, the largest-ever release of oil reserves, will be a bridge until the end of 2022, when U.S. oil production is expected to rise.

The Commerce Department's figure shows the largest year-to-year rise in inflation in over 40 years.

Just 34 percent of U.S. adults approve of President Joe Biden's handling of the economy, a new poll found.

More than 40 percent of ride share drivers are still driving less or have quit working for the ride sharing apps despite the surcharges, a new poll shows.

The executive said in an email earlier this month that inflation would mean people would be willing to work at the restaurant for less money and longer hours.

"Democrats want gasoline 'stimulus' checks," GOP Senator Marsha Blackburn tweeted. "Let's deal with the root cause instead."

A group of Democratic lawmakers has proposed a stimulus bill that would be intended to offset the increased price of gasoline.

From electric vehicles to vegetarianism, the advice is intentional. It's about promoting Green New Deal-style policies.

Since Joe Biden was sworn in back in January of 2021, his time in the Oval Office has been a disaster for America.

One bill would send Americans a rebate of $100, as well as $100 for each dependent, for any month where the national average gas prices exceed $4 per gallon.

Some are experiencing difficulty meeting household expenses due to the increase in prices, according to a report.

The knock-on effects of the war will add further strain to global food supply and price inflation.

Tesla CEO Elon Musk said increasing raw materials costs and logistics are causing the price hikes.

Manufacturers are seeing their bottom line squeezed by inflation, pandemic-related supply chain bottlenecks and labor shortages.