By Karen Stokes The U.S. Labor Department report on Friday, June 10 indicated that the Headline consumer-price index (CPI), increased 8.6% in May from a year ago, up from 8.3% the prior month, marking its fastest pace since December 1981. Core inflation excluding food and energy rose 6%. Both were higher than expected. On a […]
Biden Says Inflation is His Top Domestic Priority
By Karen Stokes “I want every American to know that I am taking inflation very seriously,” Biden said from the podium in the South Court Auditorium. “It is my top domestic priority.” The United States is in a stronger economic position than any other major advanced economy in the world. At the same time, inflation […]