US retail sales grew by 0.3% in November, down October’s growth of 1.7%, amid an inflation spike that has raised prices of all products, Commerce Department data showed on Wednesday.
"CNN threw a gigantic hissy fit when the Trump WH revoked the press credentials of Jim Acosta...acted as if he were getting the Assange treatment. Now Don Lemon is explicitly advocating Fox be banned completely from WH Briefings," notes Glenn Greenwald.
Joe Biden has shattered a record most presidents never hope to approach: November marked a 9.6% year over year inflation rate for whole sale prices, the highest recorded in U.S. history.
Inflation numbers due to be released later Friday by the U.S. Bureau of Labor Statistics (BLS) are expected to show consumer prices rising at their fastest pace since 1982, with investors bracing for what could be a market-moving data drop.
U.S. unit labor costs rose sharply in the third quarter, while productivity declined at its fastest pace since 1960, adding to signs of persistently high inflation.
Exuberant Republicans cannot wait for the 2022 mid-term elections that they expect will restore their congressional majorities and the 2024 presidential contest to put one of their own back in the Oval Office.
