Inflation soared to fresh heights in January, now at 7.5%, the highest reading in 40 years. It’s also more than the 7.2% economists expected, hitting Americans’ wallets even harder. Here’s where consumer prices are up the most over the past year: Used cars: +40.5% Gas: +40% Natural gas: +23.9% Meats, fish, eggs: +12.2% New cars:…

The United States added 467,000 new jobs in January, according to the most recent jobs report from the Department of Labor. The report also found the unemployment rate rose slightly to 4 percent. “Our country is taking everything that COVID has to throw at us to come back stronger,” President Biden said. “America is back…

According to Gross Domestic Product numbers released by the Commerce Department Thursday, the United States saw its highest year-to-year economic growth since 1984 in 2021. The country’s GDP rose 5.7% in 2021, including a 6.9% annual rate of growth in the fourth quarter of 2021. “The increase in real GDP primarily reflected increases in private…

For the first time since the start of the pandemic, the Federal Reserve said it’ll soon be ready to raise its benchmark interest rate, which has been sitting near-zero for nearly two years. When that happens, it’ll be the first rate increase since 2018. The news broke Wednesday afternoon after the committee’s 2-day policy meeting.…

A hot mic caught President Joe Biden making a sarcastic comment about inflation. With inflation up seven percent, new polling from NBC News found 61 percent of Americans feel they are losing ground because of the increased cost of living. Biden spoke to reporters Monday ahead of a meeting with the White House Competition Council.…

The Federal Reserve is formulating its plan to fight crippling inflation this week, and the uncertainty has the stock market going haywire. The board is meeting Tuesday and Wednesday to determine when to start hiking the central bank’s benchmark interest rate, which has been near-zero since the start of the pandemic. Many firms anticipate the Fed may…

We keep hearing about the inflation problem and with good reason. Inflation has hit 7%, the highest level we’ve seen in 40 years, and it’s led Federal Reserve Chair Jerome Powell to take major criticism as he looks to get it under control. Stocks rebounded a bit after shedding 11% since the start of 2022,…

The stock market launched a major comeback in the final trading hours Monday after a brutal trading day that was set to break negative records. In the end, all major indexes ended in the green. Earlier Monday, the Dow Jones Industrial Average thrashed around, shedding more than a thousand points before surging back to end…

With the midterms looming, you’d think the Democrats would deliver a campaign message of unity, economic growth, or defeating the coronavirus. Instead, they kicked off the year by likening up to half the country to the world’s worst terrorists with melodramatic speeches to commemorate the Capitol riots. Vice President Kamala Harris: “Certain dates echo throughout…

During his almost two-hour long news conference marking the end of his first year in the Oval Office, President Biden addressed fighting coronavirus, inflation, foreign policy, and Congressional legislation. Some of his remarks have raised eyebrows at home and abroad. Senate Republicans killed the voting rights legislation Wednesday night. “Speaking of voting rights legislation, if…