The Personal Consumption Expenditures Index (PCE) increased by 0.3% in February, after a 0.3% increase in January that was not revised. The PCE price index was expected to rise by 0.3%. The Bureau of Economic Analysis of the Commerce Department said that prices rose 2.5% in the year to February, matching the rise of January. After a 0.3% increase in January, the PCE index … [Read more...] about Inflation Holds at 2.5%—What It Means for Your Wallet
inflation
US Egg Prices Soar to Record $4.95—Will They Keep Going Up?
The price of eggs has reached a new record as the U.S. battles an ongoing bird flu outbreak. But consumers don't have to wait for government figures to know that eggs can be expensive and difficult to come by. The latest monthly consumer prices index revealed that the average price for a dozen Grade A Eggs in U.S. Cities reached $4.95, surpassing the previous record price of … [Read more...] about US Egg Prices Soar to Record $4.95—Will They Keep Going Up?
Wallets Tighten as Inflation Expected to Climb to 4.3%
According to a preliminary report by the University of Michigan, U.S. consumers expect inflation in the coming year to reach 4.3%. This is the highest reading since 2023. Economists have pointed out that President Donald Trump's proposal to impose tariffs on many products imported into the United States would increase prices for U.S. customers. Consumer sentiment data … [Read more...] about Wallets Tighten as Inflation Expected to Climb to 4.3%
Joe Manchin Demands Clarity On Biden Agenda Bill, Potentially Imperiling Multitrillion-Dollar Package
Sen. Joe Manchin recently shared that he wouldn't vote for the $1.75 Trillion Build Back Better Act without learning about its impact on inflation, the deficit, and how it could potentially threaten President Biden’s agenda in office. House Speaker Nancy Pelosi shared that she planned to vote on Biden’s Build Back Better Act, otherwise known as the Democrats' infrastructure … [Read more...] about Joe Manchin Demands Clarity On Biden Agenda Bill, Potentially Imperiling Multitrillion-Dollar Package
Biden’s Gaffes & Shrugs Are Getting Worse
There are a few constants in life that every American can count on and President Joe Biden's bizarre and embarrassing gaffes are one of them. He recently did so yet again when he tried to tell a story about people pulling up to McDonald’s during a speech in New Jersey. President Biden was speaking about internet infrastructure issues, adding how they are going to make sure … [Read more...] about Biden’s Gaffes & Shrugs Are Getting Worse