Consumer spending continued to surge in Year Two of the pandemic but there were some shifts in what Americans chose to buy.
Leading Democrats just admitted that immigration depresses American workers' wages—and they're arguing that it's a good thing.
A majority of voters said in a new poll that the economy is likely to determine how they will vote in November.
The annualized rate of inflation reached a 40-year high of 7.5 percent in January as the price of basic goods increased.
The Labor Department announced Thursday that annual inflation had increased at its fastest pace in 40 years.
"That's a sign of the real progress we've made in getting Americans back to work over the last year," he said about the unemployment claims.
The figures released on Thursday show the biggest year-on-year increase in consumer prices since 1982.
For the quarter, Tyson said the average price of beef rose by nearly 32 percent, raking in $5 billion.
Beef prices increased more than 20 percent from 2020 to 2021, and not everyone believes the industry is being honest about why.
The Republican senator was roundly criticized for a trip to Cancun during 2021's freak winter storm in Texas.
The Illinois Family Relief Plan would save families an estimated $1 billion dollars, but the suspended grocery tax would cost local governments $360 million.
Americans got hefty raises last year, but those fatter paychecks failed to keep the typical worker afloat as consumer prices soared.
Pennsylvania's Lieutenant Governor John Fetterman and Attorney General Josh Shapiro cited scheduling conflicts ahead of Biden's visit to the state.
Americans reported that groceries, housing and paper goods are harder to find now than they were two months ago.
The controversial remark came after Doocy asked the president if inflation will be a "political liability in the midterms."
Overall, less than a quarter of small businesses think the economy is in a good or excellent state, the survey reported.
"Food prices are so high. I swear milk is more expensive these days. It's easier to eat once a day and saves money," one commenter wrote.
From COVID mismanagement to record inflation, the 46th president of the United States has had a tumultuous path so far.
This goes deeper than the usual demand-side (fiscal and monetary policy) and supply-side (transportation gridlocks, regulatory bottlenecks) polemics.
Inflation levels have risen by 7 percent in the last 12 months, marking a 40-year high for the country.
The banks say the major profit increases are due to improving economy and consumers, as well as businesses, willing to spend and take on loans.
Food and beverage and hourly wage costs both rose 9 percent during Darden Restaurants' most recent quarter.
In a Congressional hearing on Tuesday, Fed Chair Jerome Powell said supply-side shortages and labor shortages have contributed to recent inflation in the U.S.
If policymakers hope to deliver, they'll have to address inflation's root causes and not paper over its symptoms.
"You can think about it as if they're flying a plane and now, they want to land the plane but don't want it to be a sort of a bumpy ride," one economist said.
The average used car in the U.S. has grown in value by about 35 percent since January 2021, which in Kentucky affects the taxes owners have to pay on their cars.
Powell spoke on Tuesday before the Senate Banking Committee, which will decide whether to confirm him for a second four-year term as Federal Reserve chair.
Powell will face questions from the Senate Banking Committee on Tuesday about the economy as they decide if he should be confirmed for another term.