Economy
Fed announces another rate hike to combat inflation, signals more on the way(The Center Square) – The U.S. Federal Reserve announced yet another interest rate hike Wednesday, the latest in a series of interest rate increases to address elevated inflation that experts… Read More
Economy
Poll: 63% of Americans say they are falling behind the cost of living(The Center Square) — Newly released polling data shows that the majority of Americans report they are falling behind the cost of living. NBC News released the poll,… Read More
Economy
Clinton, Obama economist says U.S. ‘has a serious inflation problem’(The Center Square) — Two top economists from Democratic presidential administrations are raising the alarm about inflation even as the President Joe Biden touts its progress on the issue. Lawrence… Read More
State Government
Missouri’s economic development leader touts new companies, more jobs(The Center Square) – After 11 months as interim director of Missouri’s Department of Economic Development, Maggie Kost is seeing positive outcomes and overseeing the distribution of millions in federal… Read More
Economy
Producer price index rises 8.7% in past year(The Center Square) – Producer prices shot up 8.7% in August over the previous 12 months, according to U.S. Bureau of Labor Statistics’ Producer Price Index released Wednesday. Month over… Read More
Economy
Biden touts Inflation Reduction Act, critics say student loan cancellation offsets gains(The Center Square) – President Joe Biden touted the recently passed Inflation Reduction Act during a speech Tuesday, but analysts point to the recent student debt cancellation as an “offset”… Read More
Economy
Critics blast Biden over rising prices(The Center Square) – New inflation data released Tuesday showed that prices rose more than expected in the month of August, putting more pressure on Americans, many of whom… Read More
Economy
Stocks plummet on worse-than-expected inflation news(The Center Square) – U.S. stocks plummeted Tuesday after the federal government reported another sharp rise in food and other prices in August despite falling gas prices. The S&P 500… Read More
Economy
Inflation report: Food prices continue sharp rise as gas costs drop(The Center Square) – Prices rose sharply again for food and most other items in the month of August even as gasoline prices dropped, newly released inflation data shows. The… Read More
Economy
Number of Americans citing ‘hardship’ from inflation rises, particularly among middle class(The Center Square) – The majority of Americans say inflation is causing them financial hardship, according to a new poll. While the Biden administration heralded a pause in the rise… Read More
Biden administration
Student debt will rise to pre-cancellation levels in less than a decade, budget group says(The Center Square) – It will take less than a decade for student loan debt to return to the level it was at before President Joe Biden canceled nearly half… Read More
Public Education
Report: South Carolina inflation-adjusted K-12 spending rose 19% since 2002(The Center Square) – South Carolina spends $14,310 per student in its K-12 public schools, an inflation-adjusted increase of 19% since 2002, according to a new study from… Read More
Economy
Feds confirm GDP decreased for two consecutive quarters this year(The Center Square) – The U.S. Gross Domestic Product decreased by 0.6% in the second quarter of this year, new data from the Bureau of Economic Analysis released Thursday shows,… Read More
Biden administration
McMorris Rodgers calls student loan forgiveness a ‘slap in the face’ to taxpayers(The Center Square) – U.S. Rep. Cathy McMorris Rodgers, R-Spokane, calls President Joe Biden’s decision to transfer student loan debt from borrowers to taxpayers a “dramatic overreach of his authority”… Read More
Biden administration
Majority of Americans are concerned Biden student loan forgiveness would hike inflation(The Center Square) – A majority of Americans think inflation will rise if President Joe Biden goes through with a potential plan to forgive $10,000 in student debt per borrower,… Read More
State Government
Governor aiming for permanent income tax cut, rather than one-time rebate, in Missouri legislative special sessionJEFFERSON CITY, Mo. – With 40-year-high inflation continually causing citizens to spend more for everyday items, legislators and political leaders are gearing up for a special session intended… Read More
Economy, Uncategorized
Housing affordability hits lowest point in years, trade group says(The Center Square) – The U.S. housing market is the most unaffordable that it’s been since the Great Recession, a homebuilding trade group said on Thursday. Just 42.8%… Read More
Inflation
White House heralds inflation data, but critics push back(The Center Square) – The Biden administration celebrated improved monthly inflation data released Wednesday, but critics quickly pushed back, saying inflation remains at 40-year highs. The U.S. Bureau of Labor… Read More
Inflation
Food prices rise fastest rate since 1970s(The Center Square) – Despite slowing inflation in July, food prices have continued to rise at historic levels, the U.S. Bureau of Labor Statistics reported Wednesday. “The food index… Read More
Gas Prices
U.S. oil and gas industry: 10 actions to reduce high energy prices that won’t cost taxpayers $740 billion(The Center Square) – Rather than impose higher taxes and more restrictions on domestic production of oil and natural gas, as Senate Democrats voted to do by passing the Inflation… Read More