President of the United States & Inflation
head of state and head of government of the United States of America
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
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.
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
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
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/
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
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
Fed’s Jeffrey Schmid Rejects Preemptive Rate Cuts, Favors ‘Patient’ Approach: A slew of Federal Reserve officials emphasized Friday that there is no urgency to ...
bloomberg.com/news/articles/2024-04-12/fed-s-schmid-rejects-preemptive-cuts-amid-lingering-inflation
Fed’s Mary Daly Sees No Urgency to Adjust Interest Rates: Federal Reserve Bank of San Francisco President Mary Daly said there is absolutely no urgency to adjust ...
bloomberg.com/news/articles/2024-04-12/fed-s-daly-says-there-s-absolutely-no-urgency-to-adjust-rates
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Fed’s Collins Sees No Urgency to Cut Interest Rates in Near Term: Federal Reserve Bank of Boston President Susan Collins reiterated she sees no urgency to cut ...
bloomberg.com/news/articles/2024-04-12/fed-s-collins-sees-no-urgency-to-cut-interest-rates-in-near-term
Paid articlePaid 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 Argentina Tourism Slows Amid Surging Inflation, Narrower FX Gap: Argentina’s surging inflation threatens to crimp a key source of tourism revenue as foreigners ...
bloomberg.com/news/articles/2024-04-12/argentina-inflation-near-300-wipes-out-tourists-deep-discounts
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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/
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
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Boston Fed president Susan Collins still sees rate cuts this year: But the central bank may begin lowering borrowing costs later and make fewer cuts than Wall ...
bostonglobe.com/2024/04/11/business/federal-reserve-rate-cut-forecast/
Williams Signals Fed Still Has Work to Do in Its Inflation Fight: Federal Reserve Bank of New York President John Williams said the central bank has made ...
bloomberg.com/news/articles/2024-04-11/williams-signals-fed-still-has-work-to-do-in-its-inflation-fight
Paid articlePaid Hot inflation may put Fed rate cut in thick of election season: Hot U.S. inflation data has put the Federal Reserve's debate over a first interest rate cut on a ...
reuters.com/world/us/hot-inflation-may-put-fed-rate-cut-thick-election-season-2024-04-11/
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
Fed’s Austan Goolsbee Says More to Do on Inflation, Trade-Offs Rising: Federal Reserve Bank of Chicago President Austan Goolsbee said policymakers still have a ...
bloomberg.com/news/articles/2024-04-10/fed-s-goolsbee-says-more-to-do-on-inflation-trade-offs-rising
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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
NY Fed President Says Hot Inflation Data Are ‘Bumps Along the Way’: In prepared remarks before the Federal Home Loan Bank of New York 2024 Member Symposium ...
barrons.com/articles/ny-fed-president-williams-inflation-data-0e01b374
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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.
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
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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/
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
Ex-Fed President Bullard Says Three Interest Rate Cuts This Year Is Base Case: Former Federal Reserve Bank of St. Louis President James Bullard said he’s ...
bloomberg.com/news/articles/2024-04-09/bullard-says-three-interest-rate-cuts-this-year-is-base-case
Paid articlePaid 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
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/
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
Fed’s Lorie Logan Says Too Soon to Think About Interest-Rate Cuts: Federal Reserve Bank of Dallas President Lorie Logan said it’s too soon to consider cutting ...
bloomberg.com/news/articles/2024-04-05/fed-s-logan-says-much-too-soon-to-think-about-cutting-rates
Stock market today: Indexes drop on Kashkari rate-cut signal, oil hits $90: US stocks fell Thursday as Fed rate cut hopes cooled, while oil surged before March ...
markets.businessinsider.com/news/stocks/stock-market-today-neel-kashkari-rate-cut-guidance-dow-sp500-2024-4
Businesses just managing to get by: The current challenges are over reining in inflation, increasing foreign exchange reserves, remittance inflows ...
thedailystar.net/business/economy/news/businesses-just-managing-get-3582266
Fed’s Bostic Expects One Rate Cut This Year, in Fourth Quarter: Federal Reserve Bank of Atlanta President Raphael Bostic said it will likely be appropriate to ...
trib.al/2aCNPlT
Fed official rules out May rate cut: Cleveland Federal Reserve President Loretta Mester said Tuesday that she is unlikely to support cutting interest rates at ...
thehill.com/business/4570076-fed-official-rules-out-may-rate-cut/
Ian Fredericks, President, Hilco Global Consumer-Retail, explains why a slowdown in inflation and a boost in U.S. jobs will bolster overall retail volume ... Show more #retail fairchild.storied.co/retail-rx/
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
Turkey Municipal Elections: Erdogan Set for Shock Defeat Against Main Opposition: Turkey’s Recep Tayyip Erdogan suffered an unprecedented defeat at the ballot ...
bloomberg.com/news/articles/2024-03-31/turkey-municipal-elections-erdogan-set-for-shock-defeat-against-main-opposition
Paid articlePaidQuick 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
Fed’s Lorie Logan Says Too Soon to Think About Interest-Rate Cuts: Federal Reserve Bank of Dallas President Lorie Logan said it’s too soon to consider cutting ...
bloomberg.com/news/articles/2024-04-05/fed-s-logan-says-much-too-soon-to-think-about-cutting-rates
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/
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
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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.
“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.
Chicago Fed President Austan Goolsbee said three rate cuts in 2024 are "in line with my thinking," and that the fundamental story about falling ... Show more yhoo.it/3IWW2UO
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 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/
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
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As Inflation Skyrockets, Argentines Rely on Time-Tested Strategies: Between December and February, Argentina’s accumulated inflation topped 70% ...
globalpressjournal.com/americas/argentina/inflation-skyrockets-argentines-rely-time-tested-strategies/
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
Biden starts making his affordable housing pitch on the trail: A trip to Nevada will be centered around increasing housing supply.
politico.com/news/2024/03/19/biden-campaign-affordable-housing-nevada-00147691
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/
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 Chicago Fed President Austan Goolsbee said three rate cuts in 2024 are "in line with my thinking," and that the fundamental story about falling ... Show more finance.yahoo.com/news/3-rate-cuts-in-2024-are-in-line-with-my-thinking-feds-goolsbee-151943448.html
Fed’s Goolsbee Sees Three Rate Cuts This Year as Inflation Cools: Federal Reserve Bank of Chicago President Austan Goolsbee said he is among policymakers ...
bloomberg.com/news/articles/2024-03-25/fed-s-goolsbee-sees-three-rate-cuts-this-year-as-inflation-cools
Why the Biden Administration Is Suing Apple and Investigating Big Grocers: John Cassidy writes about a new generation of trustbusters who are trying to use ...
newyorker.com/news/our-columnists/why-the-biden-administration-is-suing-apple-and-investigating-big-grocers
Biden Administration Unveils $6 Billion Plan to Slash Industrial Sector Emissions
techtimes.com/articles/302906/20240325/biden-administration-unveils-6-billion-plan-slash-industrial-sector-emissions.htm
What Experts See In Economic Signals For 2024: Experts assess economic signals for 2024.
kiplinger.com/investing/economy/what-experts-see-economic-signals-2024
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
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/
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
Atlanta Fed President Sees 'Some Troubling Things,' Now Calls For Just 1 Rate Cut In 2024
Atlanta Fed's Bostic shifts forecast ... Show more
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
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/
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
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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
ECB’s Lagarde Tells Euro-Zone Leaders Inflation Slowdown to Continue: The easing in euro-area inflation is expected to persist, thanks to the effectiveness of ...
bloomberg.com/news/articles/2024-03-22/ecb-s-lagarde-tells-euro-zone-leaders-price-slowdown-to-continue
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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
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
COLUMN: Where all the 'Shrinkflation' nonsense comes from: As a never-Trumper and a small-l libertarian, I’ll probably hold my nose and vote for Joe Biden in the ...
gazette.com/opinion/column-where-all-the-shrinkflation-nonsense-comes-from/article_0c3b0670-e6c0-11ee-b08d-27219212b868.html
ECB chief Lagarde lays out three-part test for rate cuts: Europe’s challenges differ from those in the U.S. — but there are lessons for stateside policy.
axios.com/2024/03/20/ecb-chief-economist-christine-lagarde-rate-cuts
Quick 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.
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
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
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
February Inflation Report Live Updates: Consumer Price Increases Inch Higher: Inflation climbed 3.2 percent in the year through February, faster than expected ...
nytimes.com/live/2024/03/12/business/cpi-inflation-fed
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.
Kroger/Albertson merger would be a blow to consumers. Or would it?: The feds are aggressively trying to halt business mergers that regulators say are harmful to ...
dallasnews.com/news/watchdog/2024/03/20/proposed-krogeralbertsons-merger-biggest-in-supermarket-history-will-it-hurt-consumers/
This battleground election state is booming. Biden is not getting the credit: Georgia is a ‘tale of two economies’
ft.com/content/b6d70142-b0a0-434f-9bd3-94d887ba8621
Paid articlePaid How Biden hopes to recapture voters scarred by inflation: As President Joe Biden barnstorms battleground states this week, he is framing the debate with former ...
cnn.com/2024/03/12/politics/biden-economic-populist-inflation-analysis/
Paid articlePaid Marcos Says Too Early for Philippine Rate Cut, Eyes 8% Growth: President Ferdinand Marcos Jr. said the Philippines hasn’t reached the point where it should start ...
bloomberg.com/news/articles/2024-03-19/marcos-says-too-early-for-philippine-rate-cut-eyes-8-growth
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