Biden pays the price for causing runaway inflation as Americans are buried in bills

Article Title: Biden pays the price for causing runaway inflation as Americans are buried in bills
Snippet of Article: "...Is the Democratic Party incurably out of touch? On MSNBC Wednesday morning, Rep. Jim Clyburn (D-SC), who delivered black primary voters and secured Biden the Democratic presidential nomination in 2020, was gushing praise for Biden and denouncing complaints about inflation as “disinformation” from social media.

The host interrupted him to announce the report of the higher inflation number.

At a brief press conference Wednesday, Biden boasted the inflation rate isn’t as bad as earlier in his presidency.

Biden vindicated himself by falsely claiming “inflation was skyrocketing” when he took office in early 2021. Actually, the rate was 1.4% — less than a third of the current 4.8% annualized rate based on last month’s data. ..."

Source: nypost.com

[tag] Democrat Rule Failures, [/tag]

March 2024 CPI Report: Inflation Comes In Hot, Dashing Hopes for Fed Rate Cuts

Article Title: CPI Report: Inflation Comes In Hot, Dashing Hopes for Fed Rate Cuts
Snippet of Article: "The consumer price index climbed 3.5% year over year in March, according to data released today by the Bureau of Labor Statistics, faster than February's 3.2% pace. Economists surveyed by FactSet had expected an annual increase of 3.4%. The strong pace was driven by upticks in the cost of housing and gasoline. Core inflation came in at 3.8% year over year in March..."

Source: www.barrons.com

[tag] Why does inflation always rise under the Democrat Party rule, Bidenomics, [/tag]

What To Expect From March’s CPI Inflation Report | Not Good Again

Article Title: What To Expect From March’s CPI Inflation Report
Snippet of Article: "...The CPI report for March 2024 will be released by the Bureau of Labor Statistics on April 10 at 8:30 a.m. ET. As of February’s CPI report, annual inflation is 3.2%, or 3.8% excluding food and energy. That data compares with the FOMC’s annual inflation target of 2%.

Nowcasts currently suggest March inflation data will come in at 0.34% for CPI and closer to 0.25% for PCE. Stripping out food and energy prices, the corresponding nowcasts are currently 0.31% and 0.23%, respectively. These inflation nowcasts are modeled by the Federal Reserve Bank..."

Source: www.forbes.com

[tag] March 2024 CPI, Bidenomics,Inflation,The Biden Years,Destruction of Retirees, [/tag]

Fed Chair Jerome Powell pumps brakes on rate cuts

Article Title: Fed Chair Jerome Powell pumps brakes on rate cuts
Snippet of Article: "...“On inflation, it’s too soon to say whether the recent readings represent more than just a bump,” Powell said. ..."

Source: abcnews.go.com

[tag] Inflation [/tag]

Fed's still sees 'no rush' to cut rates amid sticky inflation data

Article Title: Fed's Waller still sees 'no rush' to cut rates amid sticky inflation data
Snippet of Article: "NEW YORK, March 27 (Reuters) - Recent disappointing inflation data affirms the case for the U.S. Federal Reserve to hold off on cutting its short-term interest rate target...no rush to cut the policy rate" right now, Waller said in a speech at an Economic Club of New York gathering. Recent data "tells me that it is prudent to hold this rate at its current restrictive stance perhaps for longer than previously thought to help keep inflation on a sustainable trajectory toward 2%. ..."

Source: www.reuters.com

[tag] Sticky Inflation Data, Inflation Continues to Climb,Inflation,2024,Democrat Legacy,The Biden Years, [/tag]

Inflation | Oil Prices Soar

Article Title: Oil prices are rising despite a rough start to 2024
Snippet of Article: "...Oil's bumpy start in 2024 has turned into a steady climb in recent weeks, with futures for West Texas Intermediate (CL=F) and Brent (BZ=F) up more than 9% and 7% year to date, respectively.Oil's bumpy start in 2024 has turned into a steady climb in recent weeks, with futures for West Texas Intermediate (CL=F) and Brent (BZ=F) up more than 9% and 7% year to date, respectively. On Friday, WTI traded above $78 per barrel while Brent hovered above $83 per barrel, both on pace for their fourth weekly gain out of the past five. ..."

Source: finance.yahoo.com

[tag] Inflation [/tag]

Bidenomics | Biden slammed for bragging he is bringing prices down - even though they are UP since he entered office

Article Title: Biden slammed for bragging he is bringing prices down - even though they are UP since he entered office
Snippet of Article: "FACT: Since Biden took office, airfare is up 21%, Thanksgiving dinner was up 25%, and gas prices are $0.86/gallon higher ...Inflation may have slowed and some prices may have dropped since last year, but most prices are still higher than they were before the pandemic. ...inflation raced out of control because of Biden's stimulus spending."

Source: www.dailymail.co.uk

[tag] Destruction of Retirees,destruction of the working class,Destruction of America,Destruction of U.S. Eldery,Bidenomics,Biden Legacy,Inflation, [/tag]

Bidenomics | West Texas Intermediate crude (WTI) Hits $90 a Barrel

Article Title:
Snippet of Article: "...Oil prices jumped on Thursday, with U.S. crude topping $90 a barrel, as expectations of a tighter supply grew. West Texas Intermediate crude (WTI) gained 1.6% to reach a high of $90.04 per barrel, touching its highest level since November 2022. Brent crude was up 1.5%, at $93.23, reaching a 10-month high. ..."

Source: twitter.com

[tag] Biden Energy Prices,Bidenomics,Biden Legacy,West Texas Intermediate crude (WTI),Root Causes of Inflation,Inflation,Biden Admins Attack om U.S. Oil Industry,Destruction of America, [/tag]

Surging oil prices: Blame Biden’s ‘put America last’ energy policies

Article Title: Surging oil prices: Blame Biden’s ‘put America last’ energy policies
Snippet of Article: "...gas prices will soon rise well above $4 a gallon nationally. These price hikes are like a multibillion-dollar tax on American families and drivers, with money going straight into the coffers of the OPEC nations and Russia. The Saudis and Vladimir Putin couldn’t have scripted it better. But there’s another villain here: President Joe Biden’s “put America last” war against our domestic fossil fuels. ..."

Source: nypost.com

[tag] Gas Prices,Root Causes of Inflation,Biden Legacy, [/tag]

Biden Admin Continues Attempts To Increase Fuel Prices For America

Article Title: Biden admin quietly reverses Trump-era rule, bans transporting fossil fuels by train
Snippet of Article: "The Biden administration quietly rescinded a Trump-era regulation allowing companies to transport liquefied natural gas (LNG) via rail in a victory for environmental groups. ... "

Source: www.foxnews.com

[tag] Bidenomics,Biden Admin Fails,Biden Legacy,Destruction of American Independence, Inflation, Fuel Costs Under Biden Admin (2023) , liquefied natural gas (LNG), [/tag]

Average transaction price of a new car in December of last year reached $49,507

Article Title: What Does the Average New Car Cost Now?
Snippet of Article: "...According to Kelley Blue Book, the average transaction price of a new car in December of last year reached $49,507..."

Source: www.autolist.com

[tag] Average New Car Transaction Price (Dec. 2022),Inflation,Destruction of America,Bidenomics,Biden Legacy, [/tag]

Gas prices hit 2023 high as oil prices spur concerns of inflation uptick

Article Title: Gas prices hit 2023 high as oil prices spur concerns of inflation uptick
Snippet of Article: "The national average for a gallon of gas sat at $3.82, up $0.29 from one month ago, according to AAA. Gasoline's upward price movement is largely due to US crude prices rallying 15% in July. West Texas Intermediate (CL=F) currently hovers above $81 per barrel. ..."

Source: yahoo.com

[tag] Bidenomics, Inflation 2023,Inflation, [/tag]

Biden bucks Supreme Court to spend your tax dollars on student debt

Article Title: Biden’s Department of Education to cancel $39B in student loans
Snippet of Article: "...Republicans criticized the Biden administration for “fixing” the loan forgiveness plan just weeks after the Supreme Court overturned an earlier Education Department scheme to cancel $400 billion in student debt. “The Biden administration’s blatantly political attempt to circumvent the Supreme Court is shameful...The Biden administration is trampling the rule of law, hurting borrowers, and abusing taxpayers"

Source: nypost.com

[tag] Who Pays vs Who Gets Working Class Dollars, [/tag]

The Fed will be forced to surrender on rate hikes after SVB's failure

Article Title: The Fed will be forced to surrender on rate hikes after SVB's failure
Snippet of Article: "The Federal Reserve will be forced to end its interest-rate hikes following SVB's collapse, according to Mohamed El-Erian. ..."The immediate move in 2-year bonds points to the view that, by treating this as a systemic threat, the #Fed will also retreat from its #inflation battle," he added. ..."

Source: businessinsider.com

[tag] Federal Reserve, Interest-rate hikes,Root Causes of Inflation,Inflation, [/tag]

U.S. consumer spending posts biggest gain in nearly two years; inflation picks up

Article Title: U.S. consumer spending posts biggest gain in nearly two years; inflation picks up
Snippet of Article: "This report all but insures the Fed will continue on its rate hiking campaign for a lot longer than markets anticipated just a few weeks ago. Consumers boosted purchases of long-lasting manufactured goods like motor vehicles, household furnishings and equipment as well as recreational goods and vehicles. They also bought clothes. Goods outlays rebounded 2.8%. Spending on services was also strong, rising 1.3% as Americans frequented restaurants and bars. There were increases in spending on healthcare, recreation and transportation services. ..."

Source: yahoo.com

[tag] Consumer spending vs Inflation,Inflation,Root Causes of Inflation, [/tag]

Americans name the US’ worst problem

Article Title: Americans name the US’ worst problem
Snippet of Article: "...Americans say a lack of leadership from President Biden and the Congress is the country’s biggest problem ..."

Source: nypost.com

[tag] Failed Biden Presidency,Destruction of America,Foreign Invasion of Southern Border,Inflation,Social Security,Crime,American economy, [/tag]

Creepy Joe is Now the Petroleum Whisperer After Destroying the Entire U.S. Petroleum Industry

Article Title: Biden Tells Oil Companies ‘Bring Down Prices You’re Charging’
Snippet of Article: "Biden said at a meeting of the White House Competition Council. “We haven’t seen the lower prices reflected at the pump, though. Meanwhile, oil and gas companies are still making record profits -- billions of dollars in profit.”..."

Source: www.bloomberg.com

[tag] Gas Prices,Inflation,Oil Industry, Failed Green Policies, Biden the Petroleum Whisperer, Biden the Hair Sniffer, Anti-America Biden, Biden the Border Invasion King, [/tag]

President Biden announces $10,000 student debt forgiveness, payment pause

Article Title: President Biden announces $10,000 student debt forgiveness, payment pause
Snippet of Article: "Borrowers who earn less than $125,000 a year, or families earning less than $250,000, would be eligible for the $10,000 loan forgiveness, Biden announced. For those who also receive Pell Grants, which are reserved for undergraduates with the most significant financial need, the federal government would cancel up to an additional $10,000 in federal loan debt. “Both of these targeted actions are for families who need it the most..."

Source: www.pbs.org

[tag] Federal Employee News, Federal Civil Service, [/tag]

2023 COLA Update

Article Title: 2023 COLA Update
Snippet of Article: "...Relevant to the cost-of-living-adjustment (COLA) to civil service annuities for 2023, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased by 1.52 percent in March 2022. Under current law, COLAs for federal retirement annuities, as well as for military retiree annuities and Social Security payments, are determined by the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), which is calculated by economists and statisticians with the Bureau of Labor Statistics (BLS). The CPI-W is the current index used for measuring increases in the prices of consumer goods, including food and beverages, housing, clothing, transportation, medical care, recreation, education, communication, and more. ..."

Source: www.narfe.org

[tag] Federal Employee News, Federal Civil Service, 2023 COLA Update [/tag]

Help for Everyone Except Struggling Americans

Article Title: US Agriculture Secretary to visit Lincoln University Monday
Snippet of Article: "...expressed a desire for government support. ... everyone needs to make a profit... “Helping them out financially I know is a big deal because we’ve had farmers just in this year say they are not making a big profit,” Dean said. ..."

Source: www.komu.com

[tag] Federal Employee News, Federal Civil Service, [/tag]