Morning Consult’s U.S. consumer sentiment index in September declined to its lowest point in months as voters voice concerns over President Joe Biden’s handling of the economy. Consumer confidence is decreasing once again after having risen over the course of 2023 following lows during 2022, according to Morning Consult. Moreover, …

Click to read the rest HERE-> Consumer Confidence Plummets As Biden Approval Rating Slumps first posted at Conservative Daily News

Food banks across the U.S. are reporting a massive uptick in demand as Americans continue to struggle with inflation. Several food banks told the Daily Caller News Foundation that the volume of requests for food has risen to levels even higher than during the COVID-19 pandemic, as more people struggle …

Click to read the rest HERE-> Bidenomics: Food Banks Are Inundated With Requests For Aid As Inflation Bites first posted at Conservative Daily News

Ford is pausing construction of an electric vehicle (EV) battery plant in Marshall, Michigan, the Daily Caller News Foundation has confirmed. The plant marks a $3.5 billion investment in EV battery production and is estimated to create 2,500 jobs, Ford announced in February. The announced pause on construction precedes President …

Click to read the rest HERE-> Ford Pauses Construction Of Key EV Battery Plant first posted at Conservative Daily News

Once again, the Fed has eased up on its restrictive monetary policy too soon. Late last year the Fed stopped its 75-basis point interest rate increases. Now they stopped all increases. That will contribute to the excess demand and will lead to higher inflation rates. Worse, it is contributing to …

Click to read the rest HERE-> Fed’s Rate Pause Contributes to Harmful Inflation Psychology first posted at Conservative Daily News

“Shark Tank” star Kevin O’Leary predicted that a commercial real estate crisis caused by high interest rates on “worthless” properties would hammer regional banks. S&P Global downgraded Associated Banc-Corp., Comerica Inc., KeyCorp, UMB Financial Corp. and Valley National Bancorp in August, while also giving two other banks a negative rating. …

Click to read the rest HERE-> ‘A Horrible Situation’: Kevin O’Leary Predicts Commercial Real Estate Crisis first posted at Conservative Daily News

The cost of auto insurance has skyrocketed following the COVID-19 pandemic, making cars even more unaffordable for average Americans. Factors like crime and traffic accidents are driving up the number of claims filed, while inflation raises the cost of cars and associated repairs, leaving insurance companies to raise premiums to …

Click to read the rest HERE-> Crime, Inflation Driving Up Auto Insurance Costs For Average Americans first posted at Conservative Daily News

Fox Business host Larry Kudlow blasted Federal Reserve Chairman Jerome Powell for what he said was “one of the goofiest answers” regarding oil prices Wednesday. Powell spoke at a press conference after the Federal Reserve did not increase interest rates, but left them at a 22-year high, where he was …

Click to read the rest HERE-> Larry Kudlow Rips Jerome Powell Over ‘One Of The Goofiest Answers’ On Rising Oil Prices first posted at Conservative Daily News

An economic soft landing is not a baseline expectation for the Federal Reserve as it keeps interest rates high, according to remarks made during a Federal Open Market Committee (FOMC) press conference on Wednesday. Jerome Powell, chair of the Fed, said that a soft landing, a slowdown in market growth …

Click to read the rest HERE-> Jerome Powell Says An Economic ‘Soft Landing’ Is Not The Fed’s ‘Baseline Expectation’ first posted at Conservative Daily News

Secretary of the Treasury Janet Yellen claimed she did not “see any signs the economy is at risk of a downturn” during a Monday interview on CNBC. Yellen cited lower rates of inflation and a strong labor market in the interview. In August, the Bureau of Labor Statistics revised the …

Click to read the rest HERE-> ‘The Best Of All Worlds’: Janet Yellen Says She Doesn’t ‘See Any Signs’ Of An Economic Downturn first posted at Conservative Daily News

While not always easy to think about, an inheritance is a part of the financial picture for many baby boomers. That was just one of the topics that popped up in my inbox this past week. Dear Mary: Before reading your book “Debt-Proof Living,” I believed we were doing just …

Click to read the rest HERE-> Handling an Inheritance Well and Dealing with the IRS Both Require a Game Plan first posted at Conservative Daily News

Half of Americans are priced out of the current car market, unable to spare the average loan payment for either a new or used car, following rising costs related to supply issues and interest rate hikes, according to experts. The car market could ease in the future, providing relief to …

Click to read the rest HERE-> Half Of Americans Are Priced Out Of The Car Market. Here’s Why first posted at Conservative Daily News

The United Auto Workers have begun to strike all three of the major domestic automobile producers. They are seeking a 40% wage increase and other increases in benefits as well as a 32-hour work week. This is not only ridiculous, but it will severely hurt consumers and much of the …

Click to read the rest HERE-> The UAW’s Ridiculous Demands first posted at Conservative Daily News

The U.S. saw a sharp rise in the government’s supplemental poverty rate and a fall in real incomes for Americans in 2022, with the rate for children more than doubling, according to census data released Tuesday. The government’s Supplemental Poverty Measure (SPM), which calculates poverty by including the impact of …

Click to read the rest HERE-> Child Poverty More Than Doubled In Biden’s Second Year, Census Data Shows first posted at Conservative Daily News

Small businesses in August were increasingly pessimistic about the economy as companies struggle with a tight job market and rising inflation, according to a survey from the National Federation of Independent Business (NFIB) released Tuesday. Small business owners in total expressed a 37% net negative view of the economy, which …

Click to read the rest HERE-> ‘Discouraging’: Small Business Owners Sour On Economy As Inflation Picks Back Up first posted at Conservative Daily News

On Wednesday, the Consumer Price Index for August will be released. It will show a significant increase in inflation, perhaps taking the twelve-month number up to nearly 4%. That will result in the Fed raising interest rates when they meet next week. Also next week, the United Auto Workers will …

Click to read the rest HERE-> Coming: higher inflation, higher interest rates, labor strikes, wage/price spiral first posted at Conservative Daily News

The Federal Reserve’s Open Market Committee will meet again later this month. The popular belief is that the Fed will not raise interest rates. But the latest economic data indicates a rate hike is a distinct possibility. The purpose of these previously very aggressive rate increases is to reduce total …

Click to read the rest HERE-> Latest data points to September interest rate hike first posted at Conservative Daily News

When money becomes less valuable and costs rise, the money you have saved affords you exponentially less. In the short term, you may not notice the difference. According to the U.S. Bureau of Labor Statistics, $1 in June 2020 has an equivalent purchasing power to $1.18 as of June 2023. …

Click to read the rest HERE-> 4 Ways Young People Can Hedge against Inflation first posted at Conservative Daily News

Americans are currently beset by record levels of debt, and their financial burden could further increase thanks to rising interest rates, inflationary prices and the looming end of the student loan moratorium. Total household debt climbed to a new high in the second quarter of 2023, reaching $17.06 trillion, with …

Click to read the rest HERE-> Americans Are Getting Crushed By Debt — And It May Just Get Worse | first posted at Conservative Daily News

The number of part-time jobs has increased dramatically in the U.S. since June while the number of full-time jobs in that same time frame has taken a hit, signaling a concerning trend in the job market toward part-time workers, according to the Bureau of Labor Statistics. Since June, the total …

Click to read the rest HERE-> There’s A Glaring Sign That Biden’s Jobs Market May Be Much Weaker Than Advertised first posted at Conservative Daily News

There’s no question about it now: The labor market is weakening. Friday’s jobs report showed 187,000 new jobs were created in August, well below the 12-month average, and the unemployment rate jumped. August marks the third consecutive month with fewer than 200,000 jobs created. June and July job creation was …

Click to read the rest HERE-> New Jobs Report Proves That Bidenomics Is Failing American Workers first posted at Conservative Daily News