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FACT FOCUS: Is inflation a red state vs. blue state issue? It's increasing no matter how you cut it

FACT FOCUS: Is inflation a red state vs. blue state issue? It's increasing no matter how you cut it

Inflation is rising again, squeezing budgets and making essentials harder to afford
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U.S. Oil Production Constraints Amid Rising Gas Prices and Global Supply Disruptions

U.S. Oil Production Constraints Amid Rising Gas Prices and Global Supply Disruptions

U.S. Oil Production Constraints Amid Rising Gas Prices and Global Supply Disruptions
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Inflation Outpaces Wage Growth, Impacting American Workers' Purchasing Power

Inflation Outpaces Wage Growth, Impacting American Workers' Purchasing Power

Inflation in the U.S. is rising faster than wage growth, effectively reducing the purchasing power of American workers. According to the Bureau of Labor Statistics, consumer prices increased by 3.8% annually in April 2026, while average hourly earnings rose by only 3.6%. This marks the first time since April 2023 that inflation has surpassed wage growth. The rising costs of essential goods and services, such as housing, groceries, and energy, are squeezing household budgets, leaving less room for savings and financial security.
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U.S. Retailers Face Economic Challenges Amid Prolonged Iran Conflict and Rising Gas Prices

U.S. Retailers Face Economic Challenges Amid Prolonged Iran Conflict and Rising Gas Prices

U.S. Retailers Face Economic Challenges Amid Prolonged Iran Conflict and Rising Gas Prices
Reuters Reuters
US economic activity and inflation both up in recent weeks, Fed survey shows

US economic activity and inflation both up in recent weeks, Fed survey shows

June 3 (Reuters) - U.S. economic activity increased a bit in recent weeks, employment was little changed, and the fallout from higher energy prices due to the war in the Middle East was pervasive, the Federal Reserve said on Wednesday, two weeks before Kevin Warsh convenes his first policy meeting
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House Approves Resolution to Halt U.S. Military Action Against Iran Amid Rising Costs

House Approves Resolution to Halt U.S. Military Action Against Iran Amid Rising Costs

The U.S. House of Representatives has passed a war powers resolution aimed at halting military action against Iran, marking a significant bipartisan move against President Trump's ongoing military campaign. The resolution, which passed with a 215-208 vote, reflects growing discontent within Congress over the three-month conflict that has significantly impacted U.S. politics and economics. The resolution comes as the war's financial burden exceeds $100 billion, contributing to rising gas prices and inflationary pressures. Despite attempts by House Speaker Mike Johnson to prevent the resolution's passage, a small group of Republicans joined Democrats in supporting the measure. The resolution is largely symbolic at this stage but underscores a constitutional clash over war powers between Congress and the presidency.
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President Trump Proposes Tariffs on 60 Countries Over Forced Labor Concerns

President Trump Proposes Tariffs on 60 Countries Over Forced Labor Concerns

President Trump has proposed new tariffs ranging from 10% to 12.5% on 60 countries, including major trading partners like the UK, EU, and Canada, due to alleged failures in addressing forced labor. This move follows a Supreme Court ruling that deemed previous tariffs illegal. The U.S. Trade Representative, Jamieson Greer, emphasized the need to address the importation of goods made with forced labor, which creates an unlevel playing field for American workers. The proposed tariffs are part of Trump's broader protectionist agenda and are subject to public comment and review before implementation.
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Federal Reserve Reports Moderate Price Increases Amid Middle East Conflict Impact

Federal Reserve Reports Moderate Price Increases Amid Middle East Conflict Impact

Federal Reserve Reports Moderate Price Increases Amid Middle East Conflict Impact
Reuters Reuters
US factory orders post biggest gain in 11 months in April

US factory orders post biggest gain in 11 months in April

WASHINGTON, June 3 (Reuters) - New orders for U.S. factory goods posted their biggest increase in nearly a year in April amid strong demand for commercial aircraft and a range of other goods.
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U.S. Plans New Tariffs on Trading Partners After Forced Labor Investigation

U.S. Plans New Tariffs on Trading Partners After Forced Labor Investigation

U.S. Plans New Tariffs on Trading Partners After Forced Labor Investigation
Reuters Reuters
US retailers brace for bigger consumer stress test as war drags on

US retailers brace for bigger consumer stress test as war drags on

By Juveria Tabassum, Neil J Kanatt and Akriti Shah June 3 (Reuters) - With the Iran war stretching into its fourth month, U.S. retail companies that have so far banked on a resilient consumer could face a tougher road ahead as rising gas prices and economic pain gradually erode the buffer.
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Trump Administration Proposes New Tariffs on 60 Countries Citing Forced Labor Concerns

Trump Administration Proposes New Tariffs on 60 Countries Citing Forced Labor Concerns

Trump Administration Proposes New Tariffs on 60 Countries Citing Forced Labor Concerns