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News
Parents struggle with back-to-school season as tariffs, Iran war drive up costs
31+ min ago (889+ words) School supplies are becoming too expensive for families across the U.S. as they budget for mounting gas and grocery expenses. Notebooks, backpacks, lunch boxes, index cards — these are just some of the many items straining budgets as families get ready for…...
Inflation inched higher in July, contradicting Trump’s misplaced boasts
3+ day, 21+ hour ago (318+ words) On Tuesday night, the president said, “Prices are dropping fast.” Reality clearly shows otherwise. On Tuesday night, Donald Trump chatted briefly with reporters on a tarmac and boasted about inflation. “Prices are dropping fast,” the president said. The rhetoric was…...
Steve Rattner: Rising inflation & Fed rates costs Americans
2+ week, 3+ day ago (202+ words) The Federal Reserve is set to finish up its meeting today in what will mark the second time under Kevin Warsh's tenure as Fed chair. Despite Trump pressuring the Fed to lower interest rates, investors continue to predict the Federal…...
Steve Rattner: Inflation, gas prices still hurting Americans
1+ mon, 23+ hour ago (185+ words) Tuesday’s inflation reading came in a bit better than expected, but for individual Americans, the challenge of higher prices remains, in part because the renewed closure of the Strait of Hormuz has already started to push oil prices up again....
Opinion | Trump’s ‘Freedom Fuel’ push is a flimsy answer to rising gas prices
1+ mon, 4+ day ago (296+ words) The stations offered gas for $3.47 for the 47th President. But volunteerism won't ease the economic pain of his war with Iran. But whoever is behind Freedom Fuel, Trump’s praise is emblematic of his second year back in the White House: a…...
The inflation Trump “loves” is outpacing wage growth
2+ mon, 4+ day ago (22+ words) MS NOW Meanwhile, the market is bracing for higher borrowing costs. Steve Rattner explains....
Trump professes his ‘love’ of inflation as consumer costs reach a 3-year high
2+ mon, 5+ day ago (446+ words) Inflation continues to grow faster than wages, which necessarily exacerbates the affordability crisis for American consumers. For months, Donald Trump and White House officials had a habit of insisting that the president had delivered an economy with “no inflation.” The…...
Americans are saving less and defaulting more: 6 charts tell the story
2+ mon, 1+ week ago (499+ words) Economic analyst Steve Rattner broke out his charts to show the desperate measures some Americans are taking to combat rising prices. More and more Americans are defaulting on loans and digging into their savings, including their retirement accounts, to keep…...
Steve Rattner: Consumer sentiment is at a 73-year low
2+ mon, 2+ week ago (152+ words) INFLATION HITTING CONSUMERS HARD PROFITS UP, WAGES FLAT As data released earlier this week reinforced, American consumers continue to grow ever more concerned about the state of the economy, particularly as the war in Iran drags on with no relief…...
Rising inflation and low GDP increase America's economic strain
2+ mon, 2+ week ago (138+ words) Rising inflation and low GDP increase America’s economic strain MS NOW Rising inflation and low GDP increase America’s economic strain Criminal investigation into E. Jean Carroll stirs concerns of DOJ weaponization Bondi to sit for transcribed interview in House Epstein…...