Inflation rises faster than expected, pinching pocketbooks and spooking the markets
New inflation numbers out Friday show the nation’s economic pain has not peaked, and is still getting worse. The U.S. Labor Department reports consumer prices rose 8.6 percent in May from a year ago, marking the biggest increase in more…
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Gas prices hit another record high l GMA
ABC News’ Kaylee Hartung reports as the cost of gas and inflation climb at historic rates. LEARN MORE: Inflation is President Biden’s ‘top economic priority’: Pete Buttigieg: https://abcn.ws/3xmNf9H #ABCNews #GasPrices #Inflation #Biden
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Americans struggle with the high cost of living amid record inflation
It’s clear that the realities many Americans face are vastly different from some of the economic indicators on paper. The burden of record-high inflation has continued to push the limits for people across the country. We hear from people who…
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Fallout from latest inflation report as gas prices rise l GMA
ABC News’ Trevor Ault reports on the latest government inflation report, which shows prices are up 8.3% compared to a year ago, with gas prices up 43.6% over the same period. LEARN MORE: Biden says US farmers can help in…
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New poll shows Biden still faces challenges ahead of midterms l GMA
President Joe Biden gained 5 percentage points in his overall approval rating since February in the ABC News-Washington Post poll but many Americans still disapprove of the president. #ABCNews #Biden #CorrespondentsDinner #Economy
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As the U.S. economy slows down, fears of a possible recession grow
The U.S. economy is showing troubling signs as the Commerce Department Thursday announced it shrank at an annual rate of 1.4 percent in the year’s first quarter, something that had not happened since the pandemic recession hit in 2020. Inflation…
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How the White House is trying to fight inflation and what it means politically
President Biden will travel to Portland and Seattle this week in his first visit to the Pacific Northwest as president. The White House says his visit will center on his efforts to address inflation as Americans see skyrocketing prices on…
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