Biden cites erroneous inflation statistic to make his case about the economy

Biden has twice cited this number, which is drawn from the U.S. Bureau of Labor Statistics’ Consumer Price Index, in the past week, first in a CNN interview on May 8 and again during an interview with ... Read More

Was Inflation Really 9% When Biden Became President?

Inflation was 1.4% when Biden took office. It reached 9.1% nearly a year and a half into his presidency, coinciding with a period of rapid economic growth. As he defended his record in an ... Read More

Why Biden Is Losing on the Economy

The U.S. economy is great ... the average annual consumer-price inflation rate across the first term of the last eight presidencies. As you can see, Mr. Biden’s average inflation rate of ... Read More

US Economy News Today: Fed's Bowman Still Sees Case for Interest Rate Hikes If Inflation Persists

Federal Reserve speakers continued to speak about their fight against inflation and a leading economic indicators index showed declines over the past six months. Read More

Inflation rates show Biden is gaslighting Americans on the economy

AFP via Getty Images Good news: Inflation eased ... costs on to consumers. Plus, Consumer Confidence in April was at its lowest level since July 2022, when inflation was at a blistering 8.5%. Read More

Biden dismisses low consumer confidence on the economy: 'We've already turned it around'

real income adjusted for inflation going down, and weak economic growth since Biden took office. Biden cited a survey indicating the American people "think their nation is not in good shape ... Read More

Biden repeats false claim that inflation was at 9% when he took office after being called out last week

Finance about his newly announced tariffs on China, Biden defended his handling of the economy while acknowledging the impact inflation has ... respond to Fox News Digital's request for comment. Read More

UN reports improved prospects for the world economy and forecasts 2.7% growth in 2024

The United Nations is reporting improved economic prospects since its January forecast for the global economy, pointing to a better outlook in the United States and several large emerging economies ... Read More

Why a debt-fueled US economy is facing a hard landing in 2025, chief economist says

"Once people do begin to lose their jobs, once the economy does begin to slow down, you already have a lot of distress," Torsten Slok told Bloomberg. Read More

An Inflation Test Looms Over the Economy and the Election

The pivotal Consumer Price Index report is set to be published on Wednesday as the window for interest-rate cuts before November is closing. Read More

Inflation fell in April for second time in 2024 in welcome news for Fed

Annual inflation in the CPI peaked at about 9% in June 2022, and while it is now much lower than it was, price growth is still ... over the higher prices. Biden’s economic approval rating ... Read More

The consumer slowdown is here and its flashing a recession warning for the economy

American consumers - the backbone of the resilient US economy in recent years - appear to be winding down their wild spending spree. Read More