Published 22 days ago

Stubborn Inflation Offers Headaches for President Biden

Summary by The Epoch Times

The hotter-than-expected inflation data could prove to be a problem for President Joe Biden and his economic philosophy, known as Bidenomics, heading into the November election. The annual inflation rate topped the consensus estimate for the fourth consecutive month, rising to 3.5 percent in March, according to data from the Bureau of Labor Statistics (BLS). The Consumer Price Index (CPI) spotlighted broad-based inflationary pressures, highlight…

0 Articles

All

Left

Center

Right

The Epoch Times

Stubborn Inflation Offers Headaches for President Biden

22 days ago·New York, United States

Read Full Article

Business Times

Federal Reserve will cut interest rates at some point, but no hurry, says Mester

CLEVELAND Federal Reserve Bank Loretta Mester on Wednesday said that she expects price pressures to ease further this year, allowing the Fed to reduce borrowing costs, but “we want to be pretty confident” inflation is heading sustainably to the Fed’s 2 per cent goal before cutting interest rates. Read more at The Business Times.

16 days ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Stories disproportionately reported by the Left or the Right

Ground News Article Assistant

Not enough coverage to generate an Article Assistant.