Democratic Party (United States) (Dem) & Inflation
American political party
Yellen says economy performing well, inflation will ebb: Treasury Secretary Janet Yellen said on Thursday that the U.S. economy "continues to perform very ...
reut.rs/3QePZz6
Oil prices rise as US official eases market concerns over economic headwinds: Oil prices rose in early trade on Friday, as players took stock of the U.S ...
reuters.com/markets/commodities/oil-prices-rise-us-official-eases-market-concerns-over-economic-headwinds-2024-04-26/
JPMorgan Chase CEO Jamie Dimon says Bidenomics is only ‘partially’ working as many Americans aren’t feeling ‘lifted up by this economy’
fortune.com/2024/04/25/jamie-dimon-on-bidenomics-jpmorgan-chase-economy-inflation-infrastructure/
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Jamie Dimon says US has less than 50% odds of nailing a soft landing: "It looks a little bit more like the '70s to me, and I point out to a lot of people ...
businessinsider.com/jamie-dimon-soft-landing-outlook-recession-inflation-jpmorgan-geopolitics-2024-4
Jamie Dimon warns world order is being challenged, bashes crypto again: JPMorgan's CEO warned of sticky inflation, rising interest rates, recession ...
businessinsider.com/jpmorgan-jamie-dimon-economy-inflation-recession-stagflation-geopolitics-crypto-bitcoin-2024-4
Quick Glance: JPMorgan CEO Dimon Praises US Economy
- Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co., speaks to the Economic Club of New York.
- Dimon expressed confidence in a robust U.S. economy with strong employment and healthy consumer finances.
- However, he warned about the potential economic effects of rising national debt, inflation, and geopolitical conflicts.
- Dimon also discussed the need for a more harmonious relationship between lenders and regulators, as well as praised U.S. leadership and economic power.
Poll: Biden economy is a big concern for independent Mass. voters: Independents are less likely to share Democrats’ rosy take on the state’s economy ...
bostonglobe.com/2024/04/25/business/massachusetts-voter-poll-independents-biden-economy/
Reuters NEXT Newsmaker with Janet Yellen, US Secretary of the Treasury, to discuss the crisis in the Middle East, lingering inflation pressures and the state ...
reut.rs/4b9JlCc
Grocery bills drive views on economy. Wisconsin is gloomy heading into election. | Opinion
jsonline.com/story/opinion/2024/04/24/inflation-uw-madison-wisconsin-voters-campaign-politics/73415984007/
Biden needs to face facts: He’s still losing to Trump : For President Biden and the Democrats, thing are looking ugly in November.
thehill.com/opinion/campaign/4604865-biden-needs-to-face-facts-hes-still-losing-to-trump/
Trump campaign blasts Biden for ‘largest tax hike ever' as Americans face 'record-high inflation'
foxbusiness.com/politics/trump-campaign-blasts-biden-largest-tax-hike-americans-face-record-high-inflation
5 worries keeping Biden, Democrats up at night: President Biden’s campaign is feeling good about where it is in its battle for reelection ...
thehill.com/homenews/campaign/4605899-five-worries-keeping-biden-democrats-up-at-night/
What the cost of insulin may mean for Biden's campaign: President Joe Biden frequently cites insulin prices as he promotes a $35 price cap for Americans with ...
apnews.com/article/biden-insulin-prices-cap-campaign-impact-f969191c3c5178c91cc973a1b89c2200
Few in new poll say Biden law has helped fight climate change: Very few Americans believe the Inflation Reduction Act (IRA), signed into law by President Biden ...
trib.al/XuRnSYN
Inflation in U.K. Slows to 3.2%, Lowest in More Than 2 Years: As the economy cools, pressure is building on the Bank of England to cut interest rates.
nytimes.com/2024/04/17/business/uk-inflation-economy-interest-rates.html
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.
More Americans worried about climate change, but few think Biden's climate law will help, AP-NORC poll says
pbs.org/newshour/politics/more-americans-worried-about-climate-change-but-few-think-bidens-climate-law-will-help-ap-norc-poll-says
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
Biden's new take on inflation: Trump would be worse: Biden's team knows there's not a lot it can do to lower it before the Nov. 5 election.
axios.com/2024/04/13/biden-trump-inflation-worse-tariffs
Quick Glance: Biden's New Perspective on Inflation: Trump Would Be Worse
- The White House warns that inflation would worsen if Trump is re-elected as a strategy to sway voters.
- March's inflation increase surpassed expectations, undermining Biden's claim of lowering prices.
- Rising oil prices due to geopolitical tensions could lead to higher gas prices, a concern for the White House.
- Biden emphasizes fighting inflation as top priority while experts debate the impact of his economic stimulus packages.
Why Democrats are losing Asian Americans: Asian American voters in 2024 are increasingly engaged in politics given recent inflation, crime and education ...
thehill.com/opinion/4581602-why-democrats-are-losing-asian-americans/
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
Why JPMorgan bosses are skeptical of an M&A comeback: JPMorgan's Jamie Dimon pointed to factors including inflation and geopolitical tensions as representing red ...
businessinsider.com/jpmorgan-bosses-are-skeptical-mergers-deals-comeback-2024-4
March's inflation data had good and bad news about food: It's getting increasingly cheaper to eat at home.
axios.com/2024/04/10/march-cpi-food-inflation
JPMorgan opens earnings season with profit rise and risk warning: JPMorgan reports a 6% rise in 1Q profits as bank earnings season begins. Wells Fargo profit ...
euronews.com/business/2024/04/12/jpmorgan-opens-earnings-season-with-profit-rise-and-risk-warning
Tom Saler: Experts were wrong about the U.S. economy falling into recession. Here's why.
jsonline.com/story/money/business/2024/04/11/tom-saler-experts-predicted-a-recession-heres-why-they-were-wrong/73148992007/
March's inflation data had good and bad news about food: It's getting increasingly cheaper to eat at home.
axios.com/2024/04/10/march-cpi-food-inflation
JPMorgan CEO warns interest rates could rise to 8 percent ‘or even more’: JPMorgan Chase CEO Jamie Dimon warned that interest rates could rise to 8 percent or ...
thehill.com/business/4585341-jpmorgan-ceo-dimon-warns-interest-rates-8-percent/
Jamie Dimon warns rates could stay high as market mood shifts: JPMorgan chief says inflation could be ‘stickier’ than markets expect in annual letter to ...
ft.com/content/9c3b136c-79c0-4347-9cc9-b90e5489a85f
Quick Glance: Jamie Dimon warns of potentially prolonged high rates
- JPMorgan chief Jamie Dimon warns in his annual letter to investors of potentially prolonged higher inflation and interest rates due to high government spending.
- Dimon mentioned that the economy is being fueled by government deficit spending and past stimuli, which could lead to potentially stickier inflation and higher rates.
- Financial markets have significantly reduced their expectations for the number of expected rate cuts by the US Federal Reserve, with only two quarter-point cuts planned in 2024.
- Dimon also warns of the risks of the private credit market boom and emphasizes that regulations may increasingly focus on this market, warning of geopolitical risks due to events like Russia's invasion of Ukraine.
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/
Republicans more likely to say cost of living has gone up since 2020: survey: Pandemic-era inflation has placed a financial burden on many Americans ...
thehill.com/business/personal-finance/4581240-most-americans-cost-of-living-up-survey/
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
Jamie Dimon’s inflation worries look prescient. Now what?: Perhaps it could be not just ‘higher for longer’ but ‘higher forever’
ft.com/content/3312b9aa-7e34-4e3a-a0ab-b27f05198f26
Quick Glance: O.J. Simpson's Failed Attempt at Rebranding
- O.J. Simpson tried unsuccessfully to improve his image through social media.
- Despite attempts at normalization through videos, he could not alter his negative image.
- Expert Bernt Ullmann explains Simpson's lack of remorse, crucial for a successful comeback.
- Simpson's controversial videos further polarized and isolated him from the public.
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
Biden's bad news on inflation: Inflation is rearing its ugly head again and it's a nightmare for Biden on several fronts.
axios.com/2024/04/10/cpi-inflation-report-biden-march
People Are Angry to the 'Anti-Core' Over Inflation: The pessimism of small business owners and the aftermath of the huge spike in food and fuel prices will ...
trib.al/05SznNN
Focus on South Korea President Yoon Suk Yeol, cost of living, inflation as country goes to polls
channelnewsasia.com/asia/south-korea-election-yoon-suk-yeol-cost-living-inflation-people-power-party-democratic-party-4252651
Quick Glance: South Korea’s ‘Luke Skywalker’ Triumphs Against President Yoon
- Former minister Cho Kuk aids in leftwing alliance's electoral victory
- Former justice minister Cho Kuk, convicted on corruption charges, played a pivotal role in the defeat of conservative President Yoon Suk Yeol in parliamentary elections.
- Cho calls for Yoon and PPP leader Han Dong-hoon, both former prosecutors, to be held accountable for abuse of power.
- The leftwing alliance narrowly missed the 200-seat mark that would have allowed them to bypass a presidential veto. Yoon now faces over three years as a lame duck, while the country heads towards more than three years of stagnation.
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
Five Things You Need to Know to Start Your Day: Asia: Good morning. Wells Fargo becomes Wall Street’s biggest equity bull. Yellen offers China a blunt warning ...
bloomberg.com/news/newsletters/2024-04-08/five-things-you-need-to-know-to-start-your-day-asia
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/
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/
Chicago Fed president still sees inflation on ‘golden path’ to 2%, but housing costs need to come down before rates cut
chicagotribune.com/2024/04/04/chicago-fed-president-austan-goolsbee-inflation-rate-cuts/
More Americans say they are worried about illegal immigration, terrorism in 2024: Survey
thehill.com/blogs/blog-briefing-room/4564228-more-americans-say-worried-illegal-immigration-terrorism-2024-survey/
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/
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/
Here’s What’s Really Going on With Skyrocketing Food Prices: Rising grocery prices are frustrating consumers across the nation — including President Biden ...
foodandwine.com/usa-inflation-food-costs-8622334
“We don’t need to be in a hurry to cut."Fed Chair Jerome Powell repeated that the US central bank isn’t in any rush to cut interest rates during an ... Show more www.bloomberg.com/news/articles/2024-03-29/powell-says-latest-inflation-data-in-line-with-expectations
Quick Glance: US February Inflation Data Aligns with Fed's Expectations, Powell States
- The latest U.S. inflation data aligns with what the Federal Reserve wants to see, according to Federal Reserve Chair Jerome Powell. The personal consumption expenditures (PCE) price index data released on Friday matched expectations and showed less of a slowdown than last year. However, Powell emphasized that the February report did not undermine the Fed's baseline outlook.
- Some details of the PCE data showed improvements in inflation aspects considered important by the Fed, even though the overall numbers showed little progress in the first two months of the year. Last week, the Fed kept its benchmark overnight interest rate steady at 5.25%-5.50% and narrowly confirmed the baseline projection of a 0.75 percentage point rate decrease by the end of this year.
- Powell has had to reconcile expectations for rate cuts with data indicating a slowdown, if not a halt, in the improvement of inflation numbers in recent weeks. He stated that recent high inflation does not alter the overall narrative of easing price pressures, but acknowledged that the recent data cannot be completely dismissed as a sign of slowed progress.
Ingham County is reliably Democratic, but enthusiasm for Biden is lagging: Concerns about inflation and other issues have hit home in Ingham County ...
freep.com/story/news/politics/elections/2024/03/28/ingham-county-democratic-voting-biden-election/73070547007/
Letters to the editor: Herald readers sound off on climate change and the price of food, lowering emissions, and RFK. Jr. on the ballot
bostonherald.com/2024/03/27/letters-to-the-editor-602/
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/
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/
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