A new analysis from Goldman Sachs warns that the economic damage from inflation will dwarf that of new COVID-19 outbreaks. “Higher-than-expected US inflation recently prompted us to pull forward our forecast for Fed liftoff by a full year to July 2022,” Goldman Sachs stated. “We now expect core PCE inflation to remain above 3% —
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On Wednesday, President Biden finally admitted that inflation is at its highest level since 1990 because of his $1.9 trillion COVID “stimulus” bill. “The irony is people have more money now because
The Department of Labor’s Producer Price Index, a key inflation metric, rose 0.6% in October, matching the record annual increase of 8.6% broken in September. “Elevated demand for goods over services again
Jason Furman, the former chairman of former President Barack Obama’s Council of Economic Advisers (CEA), slammed Democrats on Tuesday for reportedly agreeing on a deal that would repeal the cap on the
On Monday, Larry Summers, a former economic adviser to President Barack Obama, responded to comments from Biden’s Treasury Secretary Janet Yellen in which she dismissed Summers’ concerns about the inflation crisis. CNN’s
