#Biden warns US inflation could last ‘for a while’

#Biden warns US inflation could last ‘for a while’

“Biden warns US inflation could last ‘for a while’” President Joe Biden cautioned that U.S. inflation could last “for a while” after data on Friday showed that politically sensitive price pressures unexpectedly accelerated in recent weeks. “We’re gonna live with this inflation for a while,” Biden said at a Democratic fundraising event in Beverly Hills. “It’s gonna come down gradually,…

Read More
#Rhode Island launches 1st human donor milk program to combat baby formula shortage

#Rhode Island launches 1st human donor milk program to combat baby formula shortage

“Rhode Island launches 1st human donor milk program to combat baby formula shortage” WARWICK, RI — Kent Hospital’s Women’s Care Center has launched Rhode Island’s first pasteurized human milk program. The goal is to provide breastfeeding families an option to supplement breast milk through the program, which opens against a backdrop of a shortage of baby formula…

Read More
#US gas average reaches  for first time ever

#US gas average reaches $5 for first time ever

“US gas average reaches $5 for first time ever” The hits just keep coming. For the first time in history, the national average for a gallon of gasoline has topped $5, another grim milestone as rampant inflation continues to punish consumers. The AAA motor club reported Saturday that the average price for a regular gallon…

Read More
# Bitcoin price threatens lowest weekly close since 2020 as inflation spooks markets

# Bitcoin price threatens lowest weekly close since 2020 as inflation spooks markets

” Bitcoin price threatens lowest weekly close since 2020 as inflation spooks markets “ Bitcoin (BTC) dropped to two-week lows on June 11 as the week’s Wall Street trading ended with bears in control. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView U.S. inflation print proves setback Data from Cointelegraph Markets Pro and TradingView followed BTC/USD…

Read More
#President Biden in denial amid inflation crisis

#President Biden in denial amid inflation crisis

“President Biden in denial amid inflation crisis” ‘We’ve never seen anything like Putin’s tax on both food and gas,” President Biden blathered yesterday after another disastrous report on soaring inflation. But almost nobody outside the Beltway believes that Putin is to blame for the ravaging of American consumers. The inflation rate has increased sixfold since…

Read More
# Bitcoin, altcoins sell-off on record-high inflation, but traders still expect BTC to consolidate

# Bitcoin, altcoins sell-off on record-high inflation, but traders still expect BTC to consolidate

” Bitcoin, altcoins sell-off on record-high inflation, but traders still expect BTC to consolidate “ Global financial markets once again find themselves trending lower on June 10 after the Consumer Price Index (CPI) came in at a blistering 8.6% year-over-year increase, the highest print since 1981.  The hotter-than-expected CPI print resulted in a collapse of…

Read More
#Latest inflation spike shows Biden, Fed boss won’t stop recession: experts

#Latest inflation spike shows Biden, Fed boss won’t stop recession: experts

“Latest inflation spike shows Biden, Fed boss won’t stop recession: experts” Experts fear a recession is nearly unavoidable after the Friday release of federal data showing decades-high inflation in May revealed that President Biden, Federal Reserve chair Jerome Powell and other top policymakers are nowhere near achieving their goal of lowering prices. Economists and investors…

Read More
#Record-high US inflation has analysts gloomy

#Record-high US inflation has analysts gloomy

“Record-high US inflation has analysts gloomy” Economists seeking a sign that the country’s financial health was turning a corner were left reeling after the federal government released data indicating that inflation rose at a pace not seen in more than four decades. Consumer prices surged 8.6% last month from 12 months earlier, faster than April’s…

Read More