Hike

Yellen Says High Inflation Will Stick Around All Year

Treasury Secretary Janet Yellen said Sunday that high inflation would persist for the remainder of 2022 and that, while she expects the U.S. economy...

Illegal Immigrant Arrests at US–Mexico Border in May Most in US History

Arrests of illegal immigrants at the U.S.–Mexico border in May set a new record, according to data released on June 15 by President Joe Biden’s administration.

US Stocks Sink to Lowest in a Year

US stocks plummeted on Thursday, with the Dow Jones Industrial Average falling 700 points below 30,000 for the first time in more than a year.

Fed Hikes Rates by the Most in 28 Years, Signals Volcker-Era Is Back

The Fed hiked rates by a stunning (but expected) 75bps - the biggest hike since 1994. Esther George dissented (preferring 50bps).

Gas Prices Reach Record High for 16TH Consecutive Day

Gas prices continued to climb on Monday, reaching a record high for the sixteenth consecutive day, AAA data shows.

Inflation Is Here to Stay

As an expression of optimism about the current economy, “peak inflation” has had a far shorter shelf life than “transitory.”

CNBC Editor Tears Into Biden Over New Sky-High Inflation Numbers: ‘Maybe Things Would Have Turned Out a Bit Different

CNBC on-air editor Rick Santelli reacted in live time Friday as abysmal new inflation numbers dropped, blasting the Biden administration for its hostile energy policies.

Biden: Skyrocketing Gas Prices Are for ‘Transition’ to Green Energy

The admin has consistently blamed Russia and other intervening forces for the price hike until now.

Biden’s ‘Ultra-MAGA’ Label Is Product of ‘Six Months of Liberal-Funded Focus Group Research’

Joe Biden's new line of attack on Republicans was apparently the result of liberal-funded research.

Biden Blasted for ‘Lying’, ‘Gaslighting’ Speech Blaming Inflation on Pandemic and Putin

Conservatives on Twitter were not buying President Joe Biden’s recent speech assessing the pandemic and Russian President Vladimir Putin’s invasion of Ukraine as the two main issues behind the United States’ economic woes.

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