The Latest Breaking News from Inflation

There's a good reason Biden eventually stopped saying Bidenomics. Americans didn't like the results of his economic policies.

December S&P 500 E-Mini futures (ESZ24) are down -0.15%, and December Nasdaq 100 E-Mini futures (NQZ24) are down -0.23% this morning as Treasury yields marched higher, while investors awaited crucial U.S. producer inflation data as well as the European Central Bank’s interest rate decision.

Faced with a stuttering economy, political turbulence in the eurozone and the prospect of renewed trade tensions with the United States, the European Central Bank is Thursday set to cut interest rates again.

The S&P 500 Index ($SPX ) (SPY ) Wednesday closed up +0.82%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.22%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.85%. Stock indexes on Wednesday settled mixed, with the Nasdaq 100 posting a new record...

An inline inflation report sealed the deal for a December rate cut and sent the tech sector soaring.

With a debt-to-GDP ratio of 122.84% and a recent hike in its interest expenses— now costing $1.133 trillion due to inflation and rising interest rates, the USA is spending 17% of its federal budget just to maintain its debt.

November Consumer Price Index data sealed the deal for a December rate cut, but the outlook for next year is less certain.

The S&P 500 Index ($SPX ) (SPY ) today is up +0.65%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.09%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.38%. Stock indexes today are mixed, with the Nasdaq 100 posting a new record high...

Joe Biden has been active lately, even if it may feel otherwise. But his disconnect with voters endures and a top aide had an explanation.