inflation – Page 11 – One America News Network

A teller counts US dollar bills at an exchange office in Ankara on July 20, 2023. Turkey's central bank hiked its main interest rate for the second month in a row, but analysts said the unwinding of President Recep Tayyip Erdogan's unconventional policy was too timid to tame inflation. After years of cuts that aimed to boost growth but fuelled inflation and caused the lira to tumble, the bank doubled its rate last month from 8.5 percent to 15 percent. The latest hike was smaller, at 2.5 percentage points, taking the rate to 17.5 percent. (Photo by Adem ALTAN / AFP) (Photo by ADEM ALTAN/AFP via Getty Images)

Inflation Climbs To 2.7% Amid Rising Food And Gas Prices

Inflation rose for the second consecutive month in November, with the Consumer Price Index (CPI) showing a 2.7% annual increase—still above the Federal Reserve’s 2% target.

In this photo illustration, a person files an application for unemployment benefits on April 16, 2020, in Arlington, Virginia. - The government reported Thursday that another 5.2 million US workers filed for unemployment benefits, taking the four-week total to 22 million, a staggering figure in a downturn that economists say presents the country with its most severe outlook since the Great Depression of the 1930s. (Photo by Olivier DOULIERY / AFP) (Photo by OLIVIER DOULIERY/AFP via Getty Images)

Job Gains Mask Economic Worries As Unemployment And Inflation Loom

David Stryzewski, CEO of Sound Planning Group, joins Alicia Summers to discuss job data contradictions, Trump’s deregulation plans, economic effects of cutting waste, and the Fed’s potential rate cut.

Russian President Vladimir Putin and Chinese President Xi Jinping speak during a plenary session in the outreach/BRICS Plus format at the BRICS summit in Kazan on October 24, 2024. (Photo by Maxim Shemetov / POOL / AFP) (Photo by MAXIM SHEMETOV/POOL/AFP via Getty Images)

Trump Warns Of 100% Tariffs For BRICS Countries Looking To Break Away From U.S. Dollar

President-elect Donald Trump revealed plans to enact a 100% tariff on BRICS countries, should they attempt to move away from utilizing the U.S. dollar within international trade.

A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell on November 26, 2024, in New York City. (Photo by TIMOTHY A. CLARY / AFP) (Photo by TIMOTHY A. CLARY/AFP via Getty Images)

Dow Hits 45K Before Falling as Wall Street Struggles Amid ‘Tech Stock Slump’

The Dow Jones Industrial Average hit a new record high, topping 45,000 for the first time and making a run for its 47th record close, before falling on Wednesday afternoon.

WASHINGTON, DC - NOVEMBER 13: U.S. President-elect Donald Trump arrives at a House Republicans Conference meeting at the Hyatt Regency on Capitol Hill on November 13, 2024 in Washington, DC. As is tradition with incoming presidents, Trump is traveling to Washington, DC to meet with U.S. President Joe Biden at the White House as well as meet with Republican congressmen on Capitol Hill. (Photo by Andrew Harnik/Getty Images)

Trump Appoints Jamieson Greer As U.S. Trade Representative, Reveals Additional Picks

President-elect Donald Trump announced multiple nominations on Tuesday as his team prepares to the White House next year.

Scott Bessent speaks at the National Conservative Conference in Washington D.C., Wednesday, July 10, 2024. (Photo by Dominic Gwinn / Middle East Images / Middle East Images via AFP) (Photo by DOMINIC GWINN/Middle East Images/AFP via Getty Images)

Consumer Confidence Rises As Trump Eyes Tariffs And Economic Shifts

Ed Sidell, CEO & Chief Investment Advisor at EGSI Financial, joins Alicia Summers to discuss the optimism and whether Trump’s new Treasury pick, Scott Bessent, could be contributing to the shift.