Larry Kudlow criticizes Biden’s ‘massive’ plan redefining infrastructure Fox Business
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Consumer prices around the U.S. rise at fastest rate since 2008
Consumer prices rose in the U.S. at the fastest rate last month since the Great Recession, firing up concerns from Wall Street to Washington about inflation and its potential damage to investor portfolios and American pocketbooks. The Consumer Price Index, which tracks the prices of everything from cars to clothing, jumped 0.8% in April, the…
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Jobs report misses estimates with 559,000 jobs added, unemployment rate falls to 5.8%
Unemployment rate hits pandemic low. U.S. employers added fewer than expected jobs last month as extended unemployment benefits encouraged workers to stay home. Employers added 559,000 jobs in May, the Labor Department said Friday, missing the addition of 650,000 jobs that analysts surveyed by Refinitiv were expecting. April’s reading was revised higher by 12,000 to…
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Weekly Update by Mark Armstrong – 28 May 2021
Greetings from Tyler, Now that incalculable damage has been visited upon the entire western world and wannabe dictators have abused the citizens of the States they govern…now that thousands of businesses have been forced to declare bankruptcy or simply close for good…after people have been banned from social media platforms for having swallowed “conspiracy theories”…
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Inflation stalks the US economy
© Getty Images The biblical prophets chastised the people for having eyes but not seeing and for having ears but not hearing. When it comes to inflation, the Federal Reserve might be chastised in the same way. Despite the many anecdotes suggesting that inflation is on the rise, the Fed does not seem to listen….
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How April’s dismal jobs report is setting the stage for Biden’s $4 trillion economic fight with the GOP
President Joe Biden speaks about the April jobs report in the White House on Friday. SAUL LOEB/AFP via Getty Images Republicans and Democrats drew sharply different conclusions about the April jobs report. Democrats used it to bolster a case for massive infrastructure spending on issues like childcare. The GOP wants to slam on the spending brakes,…
