By Robert Romano Consumer prices slowed to 2.7 percent growth the past 12 months, down from 3 percent in September, the latest data from the U.S. Bureau of Labor Statistics (BLS) shows . The news comes on the heels of the latest income reporting with average weekly earnings in the private sector growing at 3.5 percent the past year, with incomes outpacing inflation for about 29 months now. […]

By Robert Romano The U.S. unemployment rate jumped to 4.6 percent in November following the government shutdown as the unemployment level rose to 7.8 million, the highest since October and September 2021, respectively, the latest data from the Bureau of Labor Statistics (BLS) shows . Which, again, is usually what happens after peak inflation — it reached 9.1 percent in June 2022 — and the economy is still reeling. […]

By Robert Romano Unemployment continued claims, not seasonally adjusted, jumped the week of Nov. 29 by 268,460 to 1.96 million, as initial claims also increased to 313,400 the week of Dec. 6, according to the latest data compiled by the U.S. Department of Labor . Almost certainly, this is just normal churning in labor markets headed towards the Christmas […]

By Robert Romano “The reason farmers need relief at all is largely because Donald Trump betrayed them and decimated their businesses with his disastrous tariffs.” That was Senate Minority Leader Chuck Schumer (D-N.Y) making a speech on the Senate floor on Dec. 8 opposing President Donald Trump’s […]

By Robert Romano On Oct. 1, Senate Democrats refused to approve a continuing resolution to keep the government open and then set the record for the longest government shutdown in history of 43 days when it ended on Nov. 12. The entire time, President Donald Trump, Treasury Secretary Scott Bessent and other administration officials were warning […]

By Robert Romano The Bureau of Labor Statistics finally got around to publishing the September unemployment report following the government shutdown, with the unemployment level once again increasing by 219,000 to 7.6 million, an increase of 1.85 million since January 2023. The  unemployment rate  rose to 4.4 percent, its highest level since November 2021. This […]

By Robert Romano President Donald Trump on Nov. 14 put forth a promised executive order to reduce tariffs on certain foods from overseas that the U.S. does not produce or just does not produce enough of as the White House and Republicans continue to refocus their efforts on ending the inflation […]

By Robert Romano Good news for Vice President J.D. Vance, or whosoever runs as the Republican nominee in 2028: Only twice in American history has the White House incumbent party lost three elections in a row, and those years were 1844 , 1848 and 1852 , and then again in […]

By Robert Romano It’s a sad thing, but when the Baby Boomers, those born between 1946 and 1964, pass away, millions of homes are going to hit the market all at once simultaneously year after year, wave after wave, and home prices will be impacted. All told, […]

By Robert Romano “It’s tough to do a lot of specific things but… you’re going to see some substantial announcements over the next couple of days in terms of things we don’t grow here in the United States: coffee being one of them, bananas, other fruits, things […]