Democrat Sen. Joe Manchin (WV) slammed President Biden on Wednesday for Biden previously claiming the inflation crisis was just “transitory.” “By all accounts, the threat posed by record inflation to the American people is not ‘transitory’ and is instead getting worse. From the grocery store to the gas pump, Americans know the inflation tax is
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4.4 million Americans quit their jobs in September, breaking a record set in August, according to new government data. According to a report by the U.S. Bureau of Labor Statistics released on Friday, the
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
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
