“We are going to be stuck with these high prices, they are going to be permanent—even if inflation goes to zero.”
Sen. #JohnKennedy (R-La.) gave a speech, in which he said that “Bidenomics” was causing the serious #inflation Americans are facing.https://www.ntd.com/price-rises-are-going-to-be-permanent-sen-kennedy-criticizes-bidenomics-on-senate-floor_944397.html

#FederalReserve Chair Jerome Powell has said that the Fed can add pressure to financial conditions in order to battle #inflation, and that such measures wouldn’t hurt the economy that much. In his reasoning, he cited a “solid” economy and “strong” job growth. However, NTD heard an alternative perspective on this from Jeffrey Tucker, an Epoch Times senior columnist and the founder of the Brownstone Institute.https://www.ntd.com/fed-chair-powell-says-inflation-can-be-tamed-without-straining-economy-but-is-that-true_945331.html

As #HomePrices and mortgage rates have risen further amid the current high #inflation landscape, home affordability in America has sunk to a new low. https://www.ntd.com/homes-now-unaffordable-for-average-american-in-over-75-percent-of-counties_946249.html

The U.S. annual #inflation rate was unchanged at 3.7 percent in September, topping the consensus estimate of 3.6 percent, according to the Bureau of Labor Statistics (BLS). https://www.ntd.com/us-inflation-rises-0-4-percent-as-gasoline-shelter-fuel-cpi-jump_947432.html

The Internal Revenue Service (#IRS) has disclosed the annual #inflation adjustments affecting over 60 tax provisions for the upcoming 2024 tax year, including an increase in the standard deduction and new income limits for seven tax brackets. https://www.ntd.com/irs-unveils-new-tax-bracket-income-limits-for-2024-post_953549.html

#FederalReserve Chair Jerome Powell is “not confident” that the central bank has done enough to eradicate #inflation from the U.S. economy, he stated in a prepared speech. https://www.ntd.com/fed-not-confident-inflation-policy-restrictive-enough-powell_953519.html

Argentinian libertarian economist #JavierMilei took office, warning in his inaugural speech that he had no alternative to a sharp, painful fiscal shock to fix the country’s worst economic crisis in decades, with #inflation heading toward 200 percent. https://www.ntd.com/argentine-president-milei-warns-economic-shock-unavoidable-in-inaugural-speech_959586.html

“We are going to begin the rebuilding of Argentina after more than a hundred years of decadence.”

Argentine President #JavierMilei was sworn into office, and promised a radical shake-up of the South American nation’s public sector and monetary system to bring rampant #inflation under control. https://www.ntd.com/milei-takes-over-in-argentina-vows-to-tackle-rampant-inflation_959684.html

The U.S. annual #inflation rate slowed to 3.1 percent in November, down from 3.2 percent, and matching economists’ expectations, according to the Bureau of Labor Statistics (BLS). The latest inflation data suggest the road to the Federal Reserve’s 2 percent target could be a slow journey.
https://www.ntd.com/inflation-eases-slightly-in-november-yet-sticky-price-pressures-persist_959949.html

Amid persistent #inflation, the cost of goods and services is directly influencing personal spending during this holiday season. In a recent study by consumer financial services company Bankrate, the report delves into the specifics of this impact. https://www.ntd.com/65-percent-surge-in-prices-for-holiday-items-from-last-year-report_962829.html