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3232US Inflation Eases With 0.1% Drop in June; Biden Faces Gas Reserve Accusations
https://www.digit.info/us-inflation-eases-with-0-1-drop-in-june-biden-faces-gas-reserve-accusations/
Thu, 11 Jul 2024 14:46:12 +0000https://www.digit.info/us-inflation-eases-with-0-1-drop-in-june-biden-faces-gas-reserve-accusations/Read more]]>The U.S. consumer price index (CPI) fell by 0.1% in June. The decline, primarily due to reduced gasoline prices, brought the annual inflation rate to its lowest in over three years. This news comes after U.S. President Joe Biden was accused of tapping into gasoline reserves ahead of the election to gain favor with voters. […]
]]>US Inflation Data Eases Concerns; Crypto Economy Jumps 11% Higher While Market Analysts Anticipate Fed’s Next Decision
https://www.digit.info/us-inflation-data-eases-concerns-crypto-economy-jumps-11-higher-while-market-analysts-anticipate-feds-next-decision/
Tue, 14 Mar 2023 17:30:40 +0000https://www.digit.info/2023/03/14/us-inflation-data-eases-concerns-crypto-economy-jumps-11-higher-while-market-analysts-anticipate-feds-next-decision/Read more]]>The U.S. Labor Department released the consumer price index (CPI) report on Tuesday. Although inflation increased in February year-over-year, the rise was expected, and the annual inflation rate for all items was 6%. The cooling inflation has eased some concerns, but fears of financial contagion have spread. Market strategists are further anticipating the U.S. central […]
]]>July’s CPI Report Shows US Inflation Cooling — Critics Say ‘US Government’s Formula Understates the Actual Rise in Prices’
https://www.digit.info/julys-cpi-report-shows-us-inflation-cooling-critics-say-us-governments-formula-understates-the-actual-rise-in-prices/
Wed, 10 Aug 2022 17:30:58 +0000https://www.digit.info/2022/08/10/julys-cpi-report-shows-us-inflation-cooling-critics-say-us-governments-formula-understates-the-actual-rise-in-prices/Read more]]>After last June’s inflation report published by the U.S. Bureau of Labor Statistics indicated that the Consumer Price Index (CPI) reflected a 9.1% year-over-year increase, July’s CPI data has come in lower with a year-over-year increase of 8.5%. Economists polled by media publications estimated that July’s CPI data would print 8.7%, however, July’s core CPI, […]
]]>US Inflation Remains Scorching Hot, Jumping to 9.1% in June — White House Says CPI Data Is Already ‘Out-of-Date’
https://www.digit.info/us-inflation-remains-scorching-hot-jumping-to-9-1-in-june-white-house-says-cpi-data-is-already-out-of-date/
Wed, 13 Jul 2022 18:30:56 +0000https://www.digit.info/2022/07/13/us-inflation-remains-scorching-hot-jumping-to-9-1-in-june-white-house-says-cpi-data-is-already-out-of-date/Read more]]>According to the latest Bureau of Labor Statistics Consumer Price Index (CPI) report, U.S. inflation remains scorching hot as it has risen at the fastest yearly rate since 1981. June’s CPI data reflected a 9.1% year-over-year increase, even though a number of bureaucrats and economists thought May’s CPI data would be the record peak. US […]
]]>Inflation Rises Sharply in the US as Consumer Prices in March Spiked to 8.5%
https://www.digit.info/inflation-rises-sharply-in-the-us-as-consumer-prices-in-march-spiked-to-8-5/
Tue, 12 Apr 2022 18:00:37 +0000https://www.digit.info/2022/04/12/inflation-rises-sharply-in-the-us-as-consumer-prices-in-march-spiked-to-8-5/Read more]]>Inflation in the U.S. continues to remain red hot as consumer prices last month increased sharply to 8.5% in March compared to the same month last year. Metrics show the Bureau of Labor Statistics’ (BLS) Consumer Price Index (CPI) spiked last month at the fastest pace since December 1981. Inflation Continues to Hammer the US […]
]]>Economist Mohamed El-Erian Says Fed’s Characterization of Inflation as ‘Transitory’ the ‘Worst Call in History’
https://www.digit.info/economist-mohamed-el-erian-says-feds-characterization-of-inflation-as-transitory-the-worst-call-in-history/
Mon, 13 Dec 2021 20:30:26 +0000https://www.digit.info/2021/12/13/economist-mohamed-el-erian-says-feds-characterization-of-inflation-as-transitory-the-worst-call-in-history/Read more]]>On Monday, December 13, following Friday’s U.S. consumer price index report published by the Bureau of Labor Statistics, Americans are discussing the Federal Reserve. Thousands of tweets concerning the Federal Reserve topic have been trending on Twitter, as inflation has gripped the U.S. economy. Furthermore, Mohamed El-Erian, the chief economic advisor for the German multinational […]
]]>Inflation Plagues American Economy: US Consumer Prices See Fastest Rise in Close to 40 Years
https://www.digit.info/inflation-plagues-american-economy-us-consumer-prices-see-fastest-rise-in-close-to-40-years/
Sat, 11 Dec 2021 10:30:53 +0000https://www.digit.info/2021/12/11/inflation-plagues-american-economy-us-consumer-prices-see-fastest-rise-in-close-to-40-years/Read more]]>The consumer price index (CPI) data released Friday by the U.S. Bureau of Labor Statistics show prices in the United States climbed 6.8% in November compared to 12 months ago. It’s the largest rise in close to forty years, and U.S. policymakers are backing away fast from saying inflation is transitory. Inflation Accelerates in the […]
]]>Fed’s Vice Chair Says Tapering May Happen in 2021, Senator Joe Manchin ‘Alarmed Over Record Amount of Stimulus Injections’
https://www.digit.info/feds-vice-chair-says-tapering-may-happen-in-2021-senator-joe-manchin-alarmed-over-record-amount-of-stimulus-injections/
Fri, 06 Aug 2021 16:30:05 +0000https://www.digit.info/2021/08/06/feds-vice-chair-says-tapering-may-happen-in-2021-senator-joe-manchin-alarmed-over-record-amount-of-stimulus-injections/Read more]]>The U.S. central bank’s vice chairman Richard Clarida explained on Wednesday that the Federal Reserve could begin tapering large asset purchases this year. Also, that the first interest rate hike since the onset of Covid-19 could happen in 2023. Meanwhile, despite members of the Fed saying inflation will be transitory, corporate bosses from some of […]