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Items tagged with: Inflation


#TrumpsWar #EnergyCrisis

#US emergency #oil stockpile tumbles to lowest since the Reagan administration

The amount of oil in the US Strategic Petroleum Reserve [#SPR] plunged last week to the lowest level since 1983 as the #Trump admin continues to deploy emergency oil to minimize the damage from his #war with #Iran.

#IranWar #law #Congress #WarPowers #geopolitics #NationalSecurity #economy #inflation #affordability #CostOfLiving #oil #energy
cnn.com/2026/06/15/business/sp…


Asked about the report that the May #CPI had jumped 4.2% over the last year, #Trump took a surprisingly “optimistic” [#deranged] tack with the challenging news. Trump didn’t dismiss the #affordability issue as a “hoax” started by Democrats, as he has previously. Nor did he claim he was bringing down the #CostOfLiving.
Instead, after the govt said that #inflation spiked to the highest level since April 2023, Trump said, “You know what I really love? I love the inflation.”

apnews.com/article/trump-love-…


"As of 2 p.m. ET on June 10, #FoxNews has spent less than 30 seconds discussing rising inflation, with only a brief headline read appearing on #America's Newsroom, according to a #MediaMatters review. Anchor Bill Hemmer during the headline described the highest #inflation since April of 2023 as 'not what we want, but it is in line with expectations.'"

If non #GOP parties were ever take back power in the #USA, there should be immediate investigations to unearth the ugly facts of #Trump's disastrous regime, and its enablers. Fox News should be amongst the companies of interest.
--
mediamatters.org/us-iran-relat…

#uspol #useconomy #economy #media #propaganda


Holy hell, they finally found their ovaries

In a first, #House votes to block #Trump from ordering further #strikes on #Iran

The #Senate advanced a similar #WarPowers resolution last month on a procedural vote, reflecting growing impatience with a conflict #Congress hasn’t authorized.

#OvaryUp #TrumpsWar #IranWar #US #war #ForeverWars #RulesOfWar #law #geopolitics #NationalSecurity #MiddleEast #economy #inflation #affordability #CostOfLiving #oil #energy #EnergyCrisis
cnn.com/2026/06/03/politics/ho…


"Credit card delinquencies just hit a 15 year high. 13.12% of balances: now 90+ days past due -worst since the 2008 GFC. Total US CC debt reached $1.25T in Q1 -highest 1Q since the Fed started tracking in 1999.

Aver% rates: 21%:⬆️from 14.6% in Feb 2022. Delinquencies:⬆️every income level. NFCC: 24% more clients in Jan than a year ago.

The hole gets deeper at these rates -Fed:⬆️rates to fight #inflation, CC issuers follopwed: $15K bal at 26% costs ~$325/mo in int alone."
-Hedgie
#Recession #USPol


Climbing #Inflation

#Prices in the #US are rising at the fastest pace in years.

Officials at the #CentralBank [#FederalReserve] have embraced the possibility of higher #InterestRates [& #JeromePowell is NOT chairing the board anymore] to get resurgent inflation under control.

#economy #affordability #CostOfLiving #recession #trumpcession #Trump #policy
nytimes.com/2026/05/28/busines…


The Guardian: US inflation rose at fastest pace in three years in April as Iran war hikes up prices

theguardian.com/business/2026/…

#inflation #war #hunger #economy


CNN:New Fed report warns of ‘remarkable’ increase in households skipping meals due to food costs

"...There’s been a “remarkable” increase over the past few years in Americans struggling to put food on the table, and that’s likely contributing to record-low consumer sentiment readings, new Federal Reserve Bank of New York research showed Wednesday. ..."

lite.cnn.com/2026/05/27/econom…

#economy #inflation #hunger


#US & #Iran Agree “In Principle” to Reopen #StraitOfHormuz, US Official Says

The official said Iran had also agreed to dispose of highly enriched #uranium, but stressed that a deal had not yet been signed. US & Iranian officials have described the terms differently.

#TrumpsWar #IranWar #Trump #WarCrimes #law #Congress #WarPowers #geopolitics #NationalSecurity #MiddleEast #economy #inflation #affordability #CostOfLiving #oil #energy #EnergyCrisis
nytimes.com/live/2026/05/24/wo…


Story: theconversation.com/whats-in-t…
#economy #gasprices #fuelcosts #inflation #money
theconversation.com/whats-in-t…