inflation

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Fed Set to Cut Rates Again, Flying Blind on Key Data

Federal Reserve faces data blackout, slowing job market as decision looms Wednesday

(Newser) - The Federal Reserve is widely expected to cut interest rates on Wednesday for the third time in 2025, with market watchers predicting a modest reduction of 0.25%, reports NBC News . The AP notes that such a move would bring the Fed's key rate down to about 3.6%,...

Trump Begins Campaign to Turn 'Affordability' Narrative

President travels to Pennsylvania to speak on the economy

(Newser) - President Trump on Tuesday embarks on a campaign to try to recapture the narrative that might well decide the 2026 midterms: affordability. Trump will head to Pennsylvania, where he will speak at the Mount Airy Casino Resort in Mount Pocono, a working-class town in a swing House district, reports USA ...

More Americans Joining the Millionaire Club

401(k)s and the stock market are minting them fast

(Newser) - This year's robust stock market has allowed more Americans to add a welcome adjective to their personal bio: millionaire. As 2025 winds down, a record 654,000 Fidelity clients now belong to the "401(k) millionaire" club, with similar upticks logged by Alight and T. Rowe Price, reports the...

Car Buyers Finally Push Back Against Soaring Prices
Car Buyers Finally Push Back
Against Soaring Prices
in case you missed it
Dec 6, 2025 3:19 PM CST

Car Buyers Finally Push Back Against Soaring Prices

Sales continue to slow with average new-vehicle price around $50K

(Newser) - The Wall Street Journal detects a shift in the car market: After years of shrugging off rising sticker prices, American car buyers are finally pushing back. With the average price of a new vehicle nearing $50,000, more consumers are balking, opting for smaller vehicles, buying used, or demanding deeper...

Trump: Cost of Living Concerns Are 'Fake'

President downplays concerns, claims inflation rate is 'very good'

(Newser) - President Trump dismissed concerns about the cost of living on Tuesday, calling the affordability issue a "con job." "They just say the word. It doesn't mean anything to anybody. They just say it—affordability," Trump said, per the New York Times , accusing Democrats of inventing...

Consumer Confidence Wasn't Very Confident in November

Americans grow wary of high costs and sluggish job gains

(Newser) - US consumers were much less confident in the economy in November in the aftermath of the government shutdown, weak hiring, and stubborn inflation, reports the AP . The Conference Board said Tuesday that its consumer confidence index dropped to 88.7 in November from an upwardly revised October reading of 95....

He Called Dot-Com Bubble Bust, Says AI Boom Will 'End in Tears'

Veteran strategist Albert Edwards says wealthy investors, Fed policy are amplifying the risk

(Newser) - Societe Generale strategist Albert Edwards, known for his gloomy market outlooks and for predicting the dot-com bust, is raising fresh alarms about the current AI-driven stock boom. Edwards, who openly embraces his reputation as a "perma bear," believes the US equity market is in a bubble that could...

Tucker Carlson Launches a New Golden Venture

He launches precious metals firm Battalion Metals with dealer Christopher Olson

(Newser) - Tucker Carlson is betting big on gold. The former Fox News host has launched Battalion Metals, a precious-metals company that sells gold coins, bars, and offers IRA support for investors looking to hedge against what Carlson calls the "end of the postwar order." In an interview with the...

As Electric Bills Rise, So Do Power Shutoffs

More Americans fall behind on their utility payments

(Newser) - The Washington Post is out with a story that has a sobering takeaway: As electricity prices soar, more Americans are seeing their utilities shut off. A few stats from the piece tell the tale:
  • No national data on shutoffs exists, but a snapshot of 11 states shows that disconnections increased
...

Walmart Numbers Suggest Affordability Still a Big Worry

Chain reports strong sales as consumers chase deals

(Newser) - Walmart is often seen as a bellwether for consumer sentiment, and the chain's strong new sales numbers suggest Americans continue to worry about affordability. Walmart reported a 4.5% rise in comparable store sales, reports the New York Times . The chain also raised its financial forecast for the full...

Trump: I Want $2K Tariff Checks Out Next Year

Plan would require approval of Congress and could cost $200B

(Newser) - President Trump said Monday that Americans could see $2,000 tariff dividend checks as soon as mid-2026, putting a timeline on a proposal he has floated several times this year. The president said the payments would go to individuals with moderate incomes, but the plan would require congressional approval—an...

Poll: Even Six-Figure-Earners Are Feeling Strapped

Most see the threshold as 'survival mode,' not comfort

(Newser) - A new Harris Poll finds that plenty of Americans who earn six figures are feeling stressed financially. Highlights from the poll and USA Today :
  • A third of Americans earning at least $100,000 a year consider themselves financially distressed.
  • Two-thirds of these earners say a six-figure salary is no longer
...

We're Finally Getting September's Jobs Report

Labor Department to release shutdown-delayed numbers on Thursday, a month and a half late

(Newser) - The Labor Department will release its numbers on September hiring and unemployment next Thursday, a month and a half late, marking the beginning of the end of a data drought caused by the 43-day federal government shutdown. The statistical blackout meant that the Federal Reserve, businesses, policymakers, and investors have...

Fed Officials Are Torn Over December Rate Cut

The lack of official data hasn't helped matters

(Newser) - A December interest rate cut that traders had viewed as a near-certainty no longer appears guaranteed. Federal Reserve officials are locked in a heated debate over whether to cut interest rates at their last meeting of the year, exposing a rare internal split over the central bank's next move,...

Blame Tariffs for Meager Black Friday Deals

Retailers describe already slim margins as holiday discounts shrink

(Newser) - Holiday bargain hunters are finding fewer deals this year, as companies scale back Black Friday discounts in response to tariffs and rising costs. Last year, items like Ash Harbor's whiskey dispensers and ThinkFit's meal prep containers could be found at 10% to 20% off, Bloomberg reports. This year,...

Consumer Sentiment Sinks Faster Than Expected

It's now near an all-time low, according to new index

(Newser) - US consumer sentiment has fallen to one of its lowest points on record, reports the Wall Street Journal . The University of Michigan's latest index slipped to 50.3 in November from 53.6 the previous month, a much sharper drop than expected. Analysts polled by the newspaper anticipated a...

Trump Leaves Out Key Detail in Affordability Claim

Walmart's bundle this year is cheaper but it has fewer items, swaps out name brands

(Newser) - President Trump pointed to the lower price of Walmart's Thanksgiving meal this week as proof his economic policies are working, but critics quickly pointed out that the numbers aren't quite as straightforward as he makes them sound.
  • "Walmart just announced that Prices for a Thanksgiving Dinner is
...

Amazon Offers Thanksgiving Meal for $5 Per Person

It's joined other retailers offering affordable meals

(Newser) - Amazon has joined other companies offering affordable Thanksgiving meals. The company is offering a five-person meal for $25, including an 8-pound frozen Butterball turkey, People reports. The company says the offer includes multiple premade side dishes, along with a choice of pecan, pumpkin, or sweet potato pie. Amazon says it...

WH: There Probably Won't Be an Inflation Report Next Month

It would be first time in more than 7 decades, due to government shutdown

(Newser) - The government shutdown, now in its fourth week, likely means there won't be an inflation report next month for the first time in more than seven decades, the White House said Friday, leaving Wall Street and the Federal Reserve without crucial information about consumer prices. "Because surveyors cannot...

New Inflation Numbers Please Wall Street

Inflation ticks up modestly, but Fed is still expected to cut rates next week

(Newser) - US inflation rose slightly last month, though the uptick wasn't as bad as most economists expected. Wall Street seemed pretty happy about that. The details:
  • Consumer prices increased 3% in September from a year earlier, the Labor Department said Friday, up from 2.9% in August, per the AP
...

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