rise in price level in an economy over time
What the Upper-Middle-Class Left Doesn’t Get About Inflation: Liberal politicians and economists don’t seem to recognize the everyday harms of rising costs.
theatlantic.com/ideas/archive/2024/04/inflation-democrats-biden-interest-rates/678047/
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
Fed's Bostic says he is not in a 'mad dash hurry' on rate cuts: Atlanta Federal Reserve President Raphael Bostic on Thursday said inflation is going to return to ...
reuters.com/markets/us/feds-bostic-says-he-is-not-mad-dash-hurry-rate-cuts-2024-04-18/
ECB's Lagarde hints it is too early to review inflation target: European Central Bank President Christine Lagarde hinted on Wednesday that it was too early for ...
reuters.com/markets/europe/ecbs-lagarde-hints-it-is-too-early-review-inflation-target-2024-04-17/
What the Upper-Middle-Class Left Doesn’t Get About Inflation: Liberal politicians and economists don’t seem to recognize the everyday harms of rising costs.
theatlantic.com/ideas/archive/2024/04/inflation-democrats-biden-interest-rates/678047/
Minneapolis Fed president on inflation uptick and when to cut interest rates: Inflation came in higher than expected last month, raising concerns once again ...
pbs.org/newshour/show/minneapolis-fed-president-on-inflation-uptick-and-when-to-cut-interest-rates
Paul Krugman’s Right About the Economy. The Polls Are Wrong.: Polls show the American public still believes the economy is terrible, even though unemployment is ...
nymag.com/intelligencer/article/paul-krugmans-right-about-the-economy-the-polls-are-wrong.html
Fed May Not Cut Interest Rates at All This Year, JPMorgan's Daniel Pinto Says
bloomberg.com/news/articles/2024-04-18/relatively-high-chance-of-no-rate-cuts-this-year-jpmorgan-s-pinto-says
The big Shell plant shut down. Now a Louisiana parish says it needs new taxes to pick up trash.
theadvocate.com/baton_rouge/news/business/after-revenue-loss-from-shell-depature-st-james-seeks-tax/article_9495d968-f9a9-11ee-9651-4f379bc162e9.html
Fed May Delay Rate Cuts Until After 2024, Neel Kashkari Says: The Federal Reserve needs to achieve more confidence that inflation is declining before cutting ...
bloomberg.com/news/articles/2024-04-18/kashkari-says-fed-could-potentially-hold-rates-steady-all-year
Fed's Loretta Mester Expects Inflation to Fall Further: Federal Reserve Bank of Cleveland President Loretta Mester said monetary policy is in a good place ...
bloomberg.com/news/articles/2024-04-17/mester-says-fed-can-hold-rates-steady-not-in-a-hurry-to-cut
Fed should not act urgently to cut rates unless required, Daly says: There is "no urgency" to cut U.S. interest rates, Mary Daly, the president of the San ...
reut.rs/4aBz9T9
Fed’s Williams Still Expects Rate Cuts to Begin This Year: Federal Reserve Bank of New York President John Williams said the central bank will likely start ...
bloomberg.com/news/articles/2024-04-15/williams-says-fed-likely-to-start-lowering-rates-this-year
Paid articlePaid
Fed’s Schmid calls for patience before making any change in interest rates: Resilience of economy ‘creates some uncertainty’ about rate path, Kansas City Fed ...
marketwatch.com/story/feds-schmid-calls-for-patience-before-making-any-change-in-interest-rates-7bcd6cca
Argentina Monthly Inflation Slowed More Than Expected in March: Monthly inflation in Argentina slowed more than expected in March, cooling for the third straight ...
bloomberg.com/news/articles/2024-04-12/argentina-monthly-inflation-slowed-more-than-expected-in-march
Paid articlePaid
DOESN'T ADD UP: The overwhelming evidence debunking the president's claims that he inherited the country's economic issues.www.foxbusiness.com/politics/biden-claims-inflation-skyrocketing-took-office-despite-data-showing-opposite
Argentina Cuts Key Rate to 70% as Investors See Inflation Easing: Argentina’s central bank cut its main interest rate for the third time since President Javier ...
bloomberg.com/news/articles/2024-04-11/argentina-cuts-key-rate-to-70-as-investors-see-inflation-easing
Paid articlePaid Fed's Daly: absolutely no urgency to cut US interest rates: San Francisco Federal Reserve President Mary Daly said on Friday there is still "a lot of work to do" ...
reuters.com/markets/us/feds-daly-absolutely-no-urgency-cut-us-interest-rates-2024-04-12/
Biden says inflation report ‘may delay’ expected interest rate cut: President Biden on Wednesday said that the March report on inflation, which ticked higher ...
thehill.com/homenews/administration/4585927-biden-inflation-interest-rate-cut/
Soaring prices pose threat to consumers, and Biden: Crude's flirtation with levels above $90 are both a political and economic challenge.
axios.com/2024/04/12/crude-prices-inflation-gas
Opinion | Biden’s Green-Energy Price Shock: The cost of electricity has climbed by 29.4% since January 2021.
on.wsj.com/3vQgN1o
Fed's Goolsbee keeps policy focus on PCE after high consumer price readings: Chicago Federal Reserve President Austan Goolsbee said on Friday continued high ...
reuters.com/markets/us/feds-goolsbee-keeps-policy-focus-pce-after-high-consumer-price-readings-2024-04-12/
Inflation is still bad. It's both Trump and Biden's fault. Who will fix it?: Inflation is still high. Trump's stimulus created it. Now Biden won't admit his plan ...
usatoday.com/story/opinion/columnist/2024/04/10/inflation-biden-economy-americans-spending-income-wages/73275197007/
Companies are using inflation to price-gouge Americans – and making it worse: Thanks to near-monopolies in many industries, corporations are seeing record ...
theguardian.com/commentisfree/2024/apr/11/companies-inflation-price-gouging
Javier Milei Races to Ease Argentina Inflation, Keep Voter Support: Javier Milei finds himself up against the clock just four months into his term as Argentina’s ...
bloomberg.com/news/articles/2024-04-03/javier-milei-races-to-ease-argentina-inflation-keep-voter-support
Fed's Loretta Mester Expects Inflation to Fall Further: Federal Reserve Bank of Cleveland President Loretta Mester said monetary policy is in a good place ...
bloomberg.com/news/articles/2024-04-17/mester-says-fed-can-hold-rates-steady-not-in-a-hurry-to-cut
Food Prices Are Up Under Biden, Like Every Other President: Still, it’s a stretch to think Biden can do much about them when no president before him could ...
bloomberg.com/opinion/articles/2024-04-09/food-prices-are-up-under-biden-like-every-other-president
Paid articlePaid
How inflation is hurting Biden's progress on the economy: In dealing with the economy, President Biden faces all too-real consequences of higher inflation ...
latimes.com/business/story/2024-04-10/why-biden-is-getting-little-credit-for-the-good-economy
BIDEN’S BOOST? What experts are saying about the central bank's impact on the president's reelection prospects.www.foxbusiness.com/economy/federal-reserve-slashing-interest-rates-ahead-of-election-day
How It Started ... How It's Going: Inflation-adjusted hourly wages lower today than when Biden took office
foxbusiness.com/economy/started-going-inflation-adjusted-hourly-wages-lower-today-biden-took-office
Fed’s Kashkari Floats Possibility of No Rate Cuts This Year: Federal Reserve Bank of Minneapolis President Neel Kashkari said interest-rate cuts may not be ...
bloomberg.com/news/articles/2024-04-04/fed-s-kashkari-floats-possibility-of-no-rate-cuts-this-year
Paid articlePaid Fed officials see three rate cuts 'reasonable' this year: A pair of Federal Reserve policymakers often considered to have divergent monetary policy leanings on ...
reuters.com/markets/us/feds-daly-says-3-rate-cuts-this-year-reasonable-2024-04-02/
Argentine Poverty Neared Pandemic Levels Before Milei Austerity: Poverty levels in Argentina rose slightly in the second half of 2023 as soaring inflation ...
bloomberg.com/news/articles/2024-03-27/argentine-poverty-neared-pandemic-levels-before-milei-austerity
Paid articlePaid
Dollarization: Argentina hasn't adopted USD as politicians 'play dirty,' Milei says
markets.businessinsider.com/news/currencies/dollarization-argentina-milei-us-dollar-dominance-economy-inflation-debt-pesos-2024-4
Women Could Be the Key to Solving Biden’s Inflation Perception Problem: In 1948, Democratic women amplified a message about inflation to secure Harry Truman's ...
time.com/6958565/inflation-election-campaign-history/
More Black and Latino voters favor Trump. But GOP still needs to change its message.
usatoday.com/story/opinion/2024/04/01/black-latino-voters-trump-biden-election-inflation-economy/73144976007/
Turkey’s Opposition Strikes Elections Blow to Erdogan’s Party: A raft of local election victories by rivals of President Recep Tayyip Erdogan’s governing party ...
nytimes.com/2024/04/01/world/middleeast/turkey-election-results.html
Quick Glance: Erdogan's Fate after Turkey's Local Elections
- Opposition celebrates surprise victory in Turkish local elections as AKP falters
- CHP wins 35 mayor positions, including Istanbul and Ankara
- Media sees Erdogan's power diminishing and speculates on possible consequences
- Erdogan announces self-criticism and may resort to nationalist foreign policy to sway public opinion
FTC calls out profits as a driver of grocery prices: A new Biden administration report is raising questions about the cause of rising food prices ...
thehill.com/business/4564255-ftc-calls-out-profits-as-a-driver-of-grocery-prices/
House Republicans Use a Big Lie to Stand Up for Big Pharma: Republicans rely on the wrong data to try to justify repealing Biden’s Medicare drug negotiation plan ...
rollingstone.com/politics/politics-features/republicans-medicare-big-pharma-1234993455/
Turkey’s Opposition Strikes Elections Blow to Erdogan’s Party: A raft of local election victories by rivals of President Recep Tayyip Erdogan’s governing party ...
nytimes.com/2024/04/01/world/middleeast/turkey-election-results.html
Quick Glance: Erdogan's Fate after Turkey's Local Elections
- Opposition celebrates surprise victory in Turkish local elections as AKP falters
- CHP wins 35 mayor positions, including Istanbul and Ankara
- Media sees Erdogan's power diminishing and speculates on possible consequences
- Erdogan announces self-criticism and may resort to nationalist foreign policy to sway public opinion
House Republicans Use a Big Lie to Stand Up for Big Pharma: Republicans rely on the wrong data to try to justify repealing Biden’s Medicare drug negotiation plan ...
rollingstone.com/politics/politics-features/republicans-medicare-big-pharma-1234993455/
Argentine Poverty Neared Pandemic Levels Before Milei Austerity: Poverty levels in Argentina rose slightly in the second half of 2023 as soaring inflation ...
bloomberg.com/news/articles/2024-03-27/argentine-poverty-neared-pandemic-levels-before-milei-austerity
Paid articlePaid
Biden said Medicare drug price negotiations cut the deficit by $160B. That’s years away
bostonherald.com/2024/03/26/biden-said-medicare-drug-price-negotiations-cut-the-deficit-by-160b-thats-years-away/
Argentina inflation stings as people brace for president’s radical change: Some 100 days into office and Argentina’s Milei struggles to pass legislation needed ...
csmonitor.com/World/Americas/2024/0329/Argentina-inflation-stings-as-people-brace-for-president-s-radical-change
Paid articlePaid Federal Reserve expected to cut rates, lift Biden's prospects: The U.S. Federal Reserve looks on track to cut interest rates as the presidential campaign season ...
reuters.com/markets/us/federal-reserve-expected-cut-rates-lift-bidens-prospects-2024-03-25/
New Biden Advisers on China, Inflation Policy Appointed: President Joe Biden is appointing two new economic advisers, as he advances his administration’s ...
bloomberg.com/news/articles/2024-03-22/new-biden-advisers-on-china-inflation-policy-appointed
Paid articlePaid
Biden and Trump ask voters if they're 'better off' than they were 4 years ago. It's complicated
apnews.com/article/biden-trump-voters-pandemic-era-economy-inflation-597f4f2f2b2e32d8933802e37ef66913
Quick Glance: Biden Contrasts Himself with Trump Through 'Are You Better Off Today' Question
- President Joe Biden used the 'are you better off today than you were four years ago' question as a new line of attack against former President Donald Trump, reminding voters of the challenges during Trump's term.
- Biden also criticized Trump for his 'bloodbath' comment, emphasizing the need to reject political violence. He redirected the narrative by focusing on the 'better off' theme and highlighted the early days of the COVID-19 pandemic in the U.S.
- Furthermore, Biden underscored the progress made since Trump's presidency, including COVID-19 control, the return of 15 million jobs, and stock market recovery. Biden's campaign sees a resurgence of interest in a Biden-Trump rematch among voters.
- The article also mentions Biden's comments on U.S. Sen. Ted Cruz and his support for Rep. Colin Allred, positioning Cruz as an ally of Trump. Biden conveyed the message that the focus should be on Trump's intentions and actions, rather than on himself.
Jim Jordan Trolled Over Post About Jobs Created in Ohio: Jordan touted job growth in Ohio, some of which the White House attributed to President Joe Biden's ...
newsweek.com/jim-jordan-trolled-over-post-about-jobs-created-ohio-1882710
The thriving US economy of discontent: The country’s growth and strong job market has done little to diminish widespread unhappiness about inflation and high ...
english.elpais.com/economy-and-business/2024-03-24/the-thriving-us-economy-of-discontent.html
Morning Bid: No holiday for US core inflation: A look at the day ahead in European and global markets from Wayne Cole.
reuters.com/world/europe/global-markets-view-europe-2024-03-25/
ECB increasingly likely to cut rates before summer break, Nagel says: The European Central Bank may be in a position to cut interest rates before the summer ...
reuters.com/markets/europe/ecb-increasingly-likely-cut-rates-before-summer-break-nagel-says-2024-03-22/
Stock market today: Investors await more Fed commentary, inflation data: Fed President Austan Goolsbee said he expects the central bank to cut interest rates ...
markets.businessinsider.com/news/stocks/stock-market-today-investors-await-more-fed-commentary-inflation-data-2024-3
Chile Central Bank Chief Rosanna Costa Plans to Keep Cutting Key Interest Rate: Chile’s central bank plans to continue cutting its benchmark interest rate ...
bloomberg.com/news/articles/2024-03-19/chile-central-bank-chief-plans-to-unwind-tight-monetary-policy
Paid articlePaid
Fact check: Trump won’t stop inflating inflation numbers: Americans have experienced significant price increases during the tenure of President Joe Biden – but ...
cnn.com/2024/03/19/politics/fact-check-donald-trump-inflation/
Paid articlePaid
Why is the Biden administration going after Big Tech?: A lawsuit against Apple this week followed cases against other tech titans.
abcnews.go.com/Business/biden-administration-after-big-tech/story
Why the 2024 Election Might Turn on Pennsylvania’s Economy: Kevin T. Dugan speaks with Moody’s chief economist, Mark Zandi, about the disconnect between economic ...
nymag.com/intelligencer/article/the-economy-is-roaring-will-it-matter-for-biden.html
Lagarde Says ECB Can’t Commit to Cuts After Likely June Move: The European Central Bank can’t commit to further reductions in borrowing costs after a likely ...
bloomberg.com/news/articles/2024-03-20/lagarde-says-ecb-can-t-commit-to-cuts-beyond-likely-june-move
Paid articlePaidQuick Glance: ECB: Lagarde Emphasizes Data-Dependent Rate Policy
- The European Central Bank (ECB) cannot pre-determine the number of interest rate cuts that will follow even after initiating rate reductions, as this will rely on incoming data, stated ECB President Christine Lagarde on Wednesday.
- Several ECB policymakers are in favor of an initial reduction in interest rates from their current record highs, potentially in June. The current focus of discussion lies in determining the subsequent steps.
- Lagarde aimed to temper speculations by highlighting the necessity of data-driven decisions. She stressed that even after the first rate cut, a fixed rate path cannot be predetermined. Adapting to new information from meeting to meeting is crucial.
- Lagarde outlined the prerequisites for commencing rate cuts: deceleration in wage growth, ongoing decline in inflation, and internal forecasts confirming the return of price growth to the 2% target.
How a Trump presidency could threaten Biden’s signature climate achievement: Democrats’ sweeping Inflation Reduction Act (IRA) has fueled significant progress in ...
thehill.com/policy/energy-environment/4543117-trump-biden-inflation-reduction-act-hamper-climate-gains/
Biden to target 'rent gouging' landlords as high housing costs factor into 2024 race
cnbc.com/2024/03/19/biden-targets-rent-gouging-landlords-as-high-housing-costs-2024-race.html
The Real Reason No One Is Giving Biden Credit for How Good the Economy Is Right Now
slate.com/news-and-politics/2024/03/biden-economy-voters-polling-numbers-covid-recovery.html
On Washington Post Live’s “First Look,” associate editor Jonathan Capehart speaks with The Post’s Abha Bhattarai, E.J. Dionne and Megan McArdle about ... Show more
Soaring Food Prices Undermine Biden's Economic Pitch to Voters: President Joe Biden is regularly promoting signs of a strengthening economy and easing ...
bloomberg.com/news/articles/2024-03-17/grocery-prices-are-up-25-in-four-years-that-s-hurting-biden-s-economic-pitch
Paid articlePaid Americans are frustrated by housing prices ahead of the 2024 election: The shortage is dampening President Joe Biden's assurances that the U.S ...
pbs.org/newshour/politics/americans-are-frustrated-by-housing-prices-ahead-of-the-2024-election
White House economists tout full employment and disinflation in new report: Biden's re-election hopes hinge on the job market remaining robust while ...
axios.com/2024/03/21/biden-jobs-economists-disinflation-2024
Argentina's battered middle class shrinking under Milei: Argentina's middle class is vanishing: with austerity cuts introduced by self-proclaimed ...
france24.com/en/live-news/20240320-argentina-s-battered-middle-class-shrinking-under-milei
Big Profits and High Prices: There Is a Connection: But junk fees, shrinkflation and corporate concentration are probably not the reason ...
on.wsj.com/3wU6QjK
Joe Biden needs to bring the ‘Misery Index’ back into the campaign conversation | GUEST COMMENTARY
baltimoresun.com/2024/03/19/joe-biden-needs-to-bring-the-misery-index-back-into-the-campaign-conversation-guest-commentary/
Point: A far cry from a fair share | Commentary: As tax day approaches, it’s a good time to reflect on the societal agreement that our nation funds necessary ...
delivery.tribunecontentagency.com/preview/202403141221MCT_____NEWS_SVC_58934_kniga/
Trump shows slight lead over Biden in new exclusive poll even as views of economy brighten
usatoday.com/story/news/politics/elections/2024/03/13/poll-trump-leads-biden/72933453007/
Moore: Biden needs a course in remedial math: The president recited a lot of tall tales — and some whoppers — while touting his administration's alleged ...
bostonherald.com/2024/03/13/moore-biden-needs-a-course-in-remedial-math/
U.S. inflation ticks up in February, signaling ongoing price challenges: The prices of some goods, from appliances to furniture to used cars ...
pbs.org/newshour/economy/u-s-inflation-ticks-up-in-february-signaling-ongoing-price-challenges
Quick Glance: Inflation Decline and Consumer Impact
- Inflation in Germany continues to decline, primarily due to cheaper energy prices. Experts predict a further decrease in the year ahead, but with potential challenges. Higher inflation rates diminish consumer purchasing power.
- In February, energy and fuels decreased in price, while food prices increased. Services also became more expensive. Consumer prices rose by 0.4 percent compared to the previous month.
- The German government forecasts rising consumer prices and wage increases above the inflation rate. The expectation is that employees will spend the money and boost private consumption. However, the Bundesbank President warns against premature interest rate cuts.
- Despite the decline in inflation, the Bundesbank cautions against premature interest rate cuts. The European Central Bank aims for price stability in the medium term. Higher interest rates can curb demand but also burden the economy.
Democracy dies in Trumpian boredom: The candidate’s unchecked flow of untruths and bizarre outbursts spell danger but no longer cause sufficient shock
ft.com/content/35106042-2e96-4dde-8cf6-734c6e89fd9e
Paid articlePaid ROCKY ROAD: Biden's treasury secretary explains what's ahead for the nation's economy in an exclusive interview with Fox Business. www.foxbusiness.com/economy/janet-yellen-warns-inflation-decline-might-not-be-smooth
Fact check: Biden is right. The US generally pays double that of other countries for prescription drugs
bostonherald.com/2024/03/12/fact-check-biden-is-right-the-us-generally-pays-double-that-of-other-countries-for-prescription-drugs/
Survey after survey suggests that American voters blame President Joe Biden for the state of the US economy. This pessimism persists despite major indicators ... Show more www.vox.com/politics/24094752/biden-trump-strong-economy-2024-inflation
Why do so many Americans think the economy is bad when the data says otherwise?: Surveys show that Americans are disgusted with the economy. And President Joe ...
dallasnews.com/news/politifact/2024/03/11/why-do-so-many-americans-think-the-economy-is-bad-when-the-data-says-otherwise/
Why are prices still so high? Corporate greed, some say.: Hearing that big corporations are raking in hefty profits frustrates Nick Rosolino ...
cnn.com/2024/03/11/economy/inflation-corporate-greed-biden/
Paid articlePaid
American debt stings like never before in new era for households: Two years after the Fed began hiking interest rates to tame prices, delinquency rates on credit ...
bloomberg.com/news/articles/2024-03-15/american-debt-stings-like-never-before-in-new-era-for-households
Paid articlePaid Argentina inflation, world's highest, slows down in boost for Milei: Argentina's monthly inflation rate slowed down more than expected to come in at 13 ...
reuters.com/world/americas/argentina-inflation-cools-more-than-expected-february-hits-276-annually-2024-03-12/
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