Bidenomics is Killing Us With Inflation | Mortgage rates stay high amid renewed inflation fears

Mortgage rates stay high amid renewed inflation fears

Mortgage rates stay high amid renewed inflation fears

Snippet of Article: "...The national average for 30-year mortgages was 7.31% as of April 24. ...The national median family income for 2023 was $96,300, according to the U.S. Department of Housing and Urban Development, and the median price of an existing home sold in March 2024 was $393,500, according to the National Association of Realtors (NAR). Based on a 20 percent down payment and a 7.31 percent mortgage rate, the monthly payment of $2,160 amounts to 27 percent of the typical family’s monthly income."

Source: www.bankrate.com

Bidenomics,Inflation,Dangers of Democrat Party Rule,The Democrat Years,Destruction of Social Security Recipients,Retirees Are Crushed Under Democrat Rule,

---

Bidenomics | Biggest drop in four years for U.S. New-home Construction

Snippet of Article: "Construction of new homes fell 14.7% in March, as home builders scaled back new projects. ..."

Source: www.marketwatch.com

U.S. Economic Report, Report, New-home Construction Report (April 2024). 2024,Bidenomics,The Biden Years,

---

Federal Reserve: There is no need to adjust interest rates in the short term and the task of lowering inflation has not yet been completed

Snippet of Article: "...latest U.S. Consumer Price Index (CPI) data released on Wednesday, which showed a 0.4% increase in month-on-month inflation and a 3.5% rise compared to the previous year. Core CPI, which excludes volatile food and energy prices, also saw an increase of 0.4% month-on-month and 3.8% year-on-year. These figures exceeded market expectations and underscored the challenge faced by the Fed in managing inflationary pressures. The overall inflation rate of 3.5% is the highest level since ..."

Source: www.breakinglatest.news

Inflation,2024,Federal Reserve,Interest Rates,The Biden Years,Consumer Price Index (CPI),CPI,

---

U.S. Postal Service to Raise Prices Again (Bidenomics Inflation Impact: approximately 7.8 percent)

Snippet of Article: "...The proposed adjustments, approved by the Postal Service governors, would raise mailing services product prices approximately 7.8 percent.The proposed adjustments, approved by the Postal Service governors, would raise mailing services product prices approximately 7.8 percent.

The commission will review the changes before they are scheduled to take effect. If favorably reviewed, the changes would include:

• Letters (1 ounce): 68 cents (current), 73 cents (planned)

• Letters (metered 1 ounce): 64 cents (current), 69 cents (planned)...

Source: usps.com

Postage Stamp Increase 2024, Inflation, 7.8% Average Price Increase 2024 (USPS),The Biden Years,Bidenomics,

---

Bidenomics | Oil prices rise ahead of U.S. inventory data

Snippet of Article: "...West Texas Intermediate (WTI) contract for April gained 86 cents, or 1.10%, to $79.01 a barrel. May Brent futures added 66 cents, or 0.80%, to $82.70 a barrel. ..."

Source: www.nbcchicago.com

---

Sen. Rick Scott Shares Weekly Update on Biden’s Inflation Crisis

Snippet of Article: "...Senate’s Joint Economic Committee, since Joe Biden took office in January 2021, American households are spending…

49% more on air transportation
39% more on repair of household furniture and appliances
35% more on gasoline and other motor fuels
34% more on eggs
32% more on public transportation
27% more on electricity and gas
27% more on school meals
24% more on poultry, beef, and veal
21% more on food overall
19% more on rent
..."

Source: www.rickscott.senate.gov

Inflation,2024,Bidenomics,Destruction of Social Security Recipients,Sen. Rick Scott, Great Senators,Leadership Examples,The Biden Years,

---

Stock market today: US futures fall with crucial inflation data on deck

Snippet of Article: "... expectations are for a 0.4% month-on-month rise in "core" inflation, a marked increase on the 0.2% rate in December.

Hotter-than-expected prints in recent consumer and producer inflation data have the market on edge for a disappointing PCE print — a further sign of stalled progress that could persuade the Fed to..."

Source: finance.yahoo.com

Inflation 2024,Bidenomics,The Biden Years,Biden Legacy,Destruction of U.S. Economy under Joe Biden,Destruction of Social Security Recipients,

---

Inflation ticks upward to 3.7% for August 2023

Snippet of Article: "Inflation ticks upward to 3.7% as the Fed's fight to tame high consumer prices rolls on. Annual inflation has now ticked up two months in a row. ...Core inflation, a measurement of cost increases that removes energy and food prices because of their volatility, rose 4.3%. ...it ticked higher in August because of cuts in oil production, which led to higher gasoline prices. ...the inflation metric that excludes food and energy prices. ...gas prices usually fall in August as consumers start to drive less, but this year was a break from that pattern."

Source: www.nbcnews.com

August 2023 Inflation Increase, Inflation, Biden, Energy Independence vs Biden Attacks on U.S. Oil Industry, Making the Saudis Wealthier,Bidenomics,

Gas Savings of 31.2 cents per gallon of gasoline | Gov. Kemp Announces Gas Tax Suspension As Georgians Face Sustained Inflation

Gov. Kemp Announces Gas Tax Suspension As Georgians Face Sustained Inflation

Snippet of Article: "Atlanta, GA – Governor Brian P. Kemp today declared a state of emergency due to the 40-year-high inflation and negative economic conditions felt by hardworking Georgians as a result of policies coming out of Washington, D.C. As part of this declaration, he is temporarily suspending the state’s excise tax on motor and locomotive fuel to provide direct relief to families throughout the state. ...Suspension of the excise tax will save Georgians 31.2 cents per gallon of gasoline and 35 cents per gallon of diesel fuel. "

Source: georgia.gov

Bidenomics,Biden Inflation,Energy Costs,

U.S. unemployment rate spikes to 3.8%

Snippet of Article: "...The economy created 110,000 fewer jobs than previously reported in June and July, which some economists said suggested there had been business closures that were not previously captured. The report followed news this week that job openings dropped to the lowest level in nearly 2-1/2 years in July. ..."

Source: www.reuters.com

U.S. economists warns Americans to 'hunker down' and 'save your pennies'

Snippet of Article: "...One global economist warned, U.S. consumers will soon have to "hunker down" in preparation for an even more "painful" economy. "Indeed save your pennies because unfortunately, the economic outlook is going to get worse before it gets better," Piper Sandler chief global economist Nancy Lazar told Fox News Digital. "So being conservative, careful with your credit cards… It is a time to hunker down and to try to maintain your savings rather [than] get further into debt."..."

Source: www.foxbusiness.com

Federal Reserve | ‘Significant’ Inflation Risk That May Merit More Hikes

Fed Saw ‘Significant’ Inflation Risk That May Merit More Hikes

Snippet of Article: "...Federal Reserve officials at their policy meeting in July largely remained concerned that inflation would fail to recede and that further interest-rate increases would be needed. At the same time, cracks in that consensus were also becoming more apparent. “Most participants continued to see significant upside risks to inflation, which could require further tightening of monetary policy..."

Source: www.bloomberg.com

Biden Inflation,Bidenomics,Biden Legacy,Economic Destruction, Fails by Biden, Destruction of the American Retiree,Interest Rates,government induced inflation,

When does the next CPI report land and what inflation rate is expected?

Snippet of Article: "July's core CPI, which excludes volatile food and energy prices, is expected to increase 4.9% annually and 0.4% on a monthly basis. June's core CPI rose 4.8% year-over-year and 0.2% on a monthly basis. The inflation data will certainly influence what the central bank decides to do at the next Fed meeting. The FOMC had raised the short-term federal funds rate 10..."

Source: www.kiplinger.com

CPI, Inflation 2024,Bidenomics,

The blueprint is set to end Joe Biden’s shaky reign in the White House

Snippet of Article: "...He’s taken to boasting of his policies as “Bidenomics,” which is an odd move given public sentiment about the results. By consistent margins of at least 3-1, voters say the nation is on the wrong track and an astonishing 71% of respondents, including half of Democrats, said in a recent survey the 80-year-old-Biden is too old to seek a second term. His doddering nature and frequent brain freezes compound the view he’s way over the hill. ..."

Source: nypost.com

2024 Presidential Election,Biden Economy,Bidenomics,

Bidenomics | Biden regulations have cost Americans almost $10,000 per household

Biden regulations have cost Americans almost $10,000 per household: study

Snippet of Article: "...calculates that the added costs of these Biden-era rules finalized in 2021 and 2022 — including both their current and expected future costs — amount to about $9,600 per household. ...

"The Trump administration's agencies through four years reduced regulatory costs by almost $11,000 per household in present value..."

Source: www.foxnews.com

Bidenomics,Biden Legacy,Economic Crisis,Biden Economy,Green Economy,Destruction of America's working class,