By Robert Romano Consumer inflation in the U.S. once again spiked upward to 3.5 percent over the last 12 months, or 0.4 percent the past month in March, according to the latest data from the Bureau of Labor Statistics . The news comes as the Federal Reserve had been anticipating reducing the Federal Funds Rate this year as inflation had slowed down to 3.2 percent in February, but […]

By Robert Romano Don’t look now, but inflation might not automatically return to below 2 percent before it starts going up again, and it could lead to much higher interest rates, JP Morgan Chase CEO Jamie Dimon is warning in a letter to his company’s shareholders. In the letter, […]

By Manzanita Miller The latest Wall Street Journal poll drives home the point that Americans strongly dispute the White House’s rosy picture of the economy, and that disconnect could cost President Joe Biden heavily in November.    Trump leads Biden in six of seven battleground states – […]

By Robert Romano President Joe Biden and former President Donald Trump are running neck and neck among Millennials in a Economist-YouGov poll take March 10 to March 12 , with Biden leading Trump narrowly 41 percent to 36 percent among 30-to-44-year-olds, and 10 percent saying “other” that might be a proxy for Robert Kennedy, Jr. Among […]

By Robert Romano 71 percent of registered voters say that post-Covid inflation has “proven sticky and is here to stay” according to the latest Harvard-Harris poll take March 20-21 , even as President Joe Biden struggles to assure voters that inflation is calming down. That includes 87 percent of Republicans, 70 percent of independents […]

By Robert Romano “Now, if I don’t get elected, it’s going be a bloodbath for the whole — that’s going to bet the least of it — it’s going be a bloodbath for the country. That’ll be the least of it.” That was former President Donald Trump […]

  By Rick Manning There is an axiom of tax policy which states, “raise taxes on what you want to limit and cut taxes on what you want to encourage,” which synopsizes why some expenditures are allowed to be deducted, others get you credits, but most you […]

By Robert Romano “ARE YOU BETTER OFF THAN YOU WERE FOUR YEARS AGO?” That was former President Donald Trump’s question to his supporters on Truth Social on March 18 . After locking up the Republican Party’s presidential nomination for 2024, now the American people are looking towards the general election where Trump will square off against incumbent […]

By Robert Romano Consumer inflation ticked up 0.4 percent in February to an annual rate of 3.2 percent amid a jump in oil, gasoline, natural gas, transportation and shelter according to the latest data by the Bureau of Labor Statistics . Gasoline was up 3.8 percent. Fuel oil was up 1.1 percent. Natural gas was up 2.3 percent. […]

By Robert Romano Don’t look now, but U.S. labor markets appear to be churning in the wrong direction, as the unemployment rate jumped to 3.9 percent in February , and the unemployment level hit a new high for this cycle at almost 6.5 million, up 760,000 from its low this cycle of 5.7 million in Dec. 2022, according […]