>"The consumer price index was expected to increase 0.3% in June and 3.1% from a year ago."

>"The Consumer Price Index cooled to 6 percent in February, but a closely watched monthly index climbed more quickly than economists expected."

This is heartbreaking, inflation really kills people living off of savings. They can't hope for increased salary to make up for rising prices. Changes to social security benefits will help a little, but with housing prices rising faster _...Read More_

>"IMF downgrades its growth estimate for 2023 and warns ‘the worst is yet to come’ with many people set to experience recession-like _...Read More_

>"Federal Reserve chairman Jerome Powell warned that the central bank's mission to tame inflation will result in "some pain" for US households."

The coming winter looks grim for the UK. Energy bills are soaring up and pushing many into poverty. Praying for a mild winter, but I'm not sure even that will be enough. Gross incompetence at the highest levels of government in full effect _...Read More_

15% minimum corporate tax rate 1% tax on stock buybacks, restoring some of the revenues lost from the 2017 [giveaway](https://apnews.com/article/north-america-business-438fae12f9204b1fbd8e8b1985ae554f). _...Read More_

[https://edition.cnn.com/2022/08/02/politics/economists-democrats-package-downward-pressure-inflation/index.html](https://edition.cnn.com/2022/08/02/politics/economists-democrats-package-downward-pressure-inflation/index.html) “This proposal addresses some of the country’s biggest challenges at a significant scale. And because it is deficit-reducing, _...Read More_

>"The labor market has been a pillar of strength for an economy dealing with surging inflation."

"Republicans are perfectly free to use these projections to argue that the Democratic plan will hurt the middle class. But to insist that it will raise taxes on the middle class is simply false."

“After we just had worked together successfully on gun safety legislation, on the CHIPs bill, it was a very unfortunate move that destroys the many bipartisan efforts that are under way,” she said."

"The 0.2 percent decline followed a contraction of 0.4 percent in the first three months of the year — meaning that by one common but unofficial definition, the U.S. economy has entered a recession a mere two years after it emerged from the _...Read More_

"media coverage is a big factor in those warped polling results. Media commitment to “equal” coverage of both parties has resulted in a year and a _...Read More_

"Prices climbed 9.1 percent from a year earlier, ramping up pressure on the Federal Reserve to continue raising interest rates."

Axios: Biden warns Big Oil that he's ready to use "emergency powers" to boost gas output. >"The direct outreach to oil giants signals how gasoline and diesel prices _...Read More_