Inflation

Inflation Surges Amid Iran-Israel Tensions: How Will Fed React?

New York City, United States – As tensions rise in the Middle East following Iran’s recent drone strike on Israel, financial markets are bracing for potential economic turmoil. Lawrence Summers’ prediction that the US Federal Reserve may tighten, rather than loosen, its monetary policy has gained credibility amidst the unfolding events. The prospect of soaring oil prices, currently restrained by OPEC’s production controls, has analysts forecasting a potential spike to $100 per barrel in the …

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Biden’s 2024 Campaign Exposes a Startling Departure from Reality: Prepare to Be Amazed

President Joe Biden kick-started his bid for re-election in Philadelphia by addressing union members, aiming to solidify his backing among working-class voters, particularly those of Caucasian descent. The rally held at the Pennsylvania Convention Center drew attention to Biden’s significant support from labor unions, representing approximately 18 million workers nationwide. This early endorsement from prominent unions, including the AFL-CIO, which consists of 60 unions and over 12.5 million workers, marked the earliest endorsement in U.S. …

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Is America Becoming Nonchalant About Inflation?

During the mid-term elections, Americans were preoccupied with inflation. A Gallup poll indicated one in five respondents deemed it the nation’s most pressing issue. Fast forward to today, America’s r focus is elsewhere. Inflation currently falls behind government leadership and the “economy in general” and just ahead of immigration and firearms; only 9% of Gallup respondents now cite inflation as the most significant problem. Inflation was scarcely mentioned in the debate in Washington over raising the debt ceiling.