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News & Articles By Arsenio Toledo
12/15/2021
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By Arsenio Toledo
Fed survey shows Americans expect inflation to get worse
Americans are becoming increasingly concerned about future surges in inflation. This fear accelerated for the 13th consecutive month in November to a new record high, according to the latest survey published by the Federal Reserve Bank of New York on Monday, December. 13. Consumers surveyed by the New York Fed said they believe inflation will reach a […]
12/13/2021
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By Arsenio Toledo
Inflation climbed to 6.8% in November – highest rate in nearly 40 years
Data for November shows that inflation climbed to 6.8 percent, the highest it has been since June 1982. That was during the early years of former President Ronald Reagan’s administration, when the United States was going through a steep and persistent recession. The inflation for June of that year surpassed the seven percent threshold. (Related: Companies believe supply chain […]
12/03/2021
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By Arsenio Toledo
Companies believe supply chain issues, labor shortages are main causes of inflation crisis
The Federal Reserve found in a survey that companies believe supply chain bottleneck issues and low worker retention rates are some of the main causes of the inflation crisis in the United States. The survey was conducted by the Fed’s 12 regional banks. “Nearly all districts reported robust wage growth,” said the Fed. “Hiring struggles and elevated […]
11/25/2021
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By Arsenio Toledo
Retailers to raise prices for thousands of food products in 2022
With the inflation crisis expected to persist well into 2022, multiple large retailers have already announced their plans to raise their prices next year. Earlier this month, Mondelez CEO Dirk Van de Put said that the company’s most popular products like Oreo cookies, Ritz crackers and Sour Patch Kids will be more expensive next year. “We, at […]
11/23/2021
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By Arsenio Toledo
Firewood sales soar all over the country as prices of other fuel sources skyrocket
More and more Americans are turning to firewood for their heating needs amid the surge in the price of fuel sources like natural gas, heating oil and propane caused by the global energy crisis. Yakelin Vigil, CEO of OC Firewood Delivery in Southern California, recently told Fox Business about the sharp increase in firewood demand this year. The […]
11/17/2021
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By Arsenio Toledo
California farmers take their goods out of state to avoid heavy port congestion
The heavy congestion at California’s ports is severely affecting many of the state’s farmers, forcing them to reroute their goods out of state just to get them delivered. As many American consumers are rightly concerned about the cost of everyday goods such as foods and the gifts they will be buying for the holidays, American […]
11/16/2021
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By Arsenio Toledo
Gas prices in California are rising so high they’re about to beat the state’s all-time record
The prices of gasoline in California recently came close to breaking the state’s all-time record as fuel prices soared nationwide ahead of the Thanksgiving holiday. On Friday, November 12, gas prices in the state hit an average of $4.658, about a cent short of the highest recorded average price of $4.671 set in October 2012. This […]
11/15/2021
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By Arsenio Toledo
Shipping companies face excess dwell-time fee for leaving containers in California’s congested ports
California’s ports remain heavily congested despite intervention from the federal government, but the situation is about to get worse as the ports are going to charge an excess dwell-time fee for shipping companies starting Nov. 15. Last month, ports in southern California announced that they would start fining shipping companies $100 per day for every […]
11/11/2021
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By Arsenio Toledo
BIDENFLATION: Wholesale prices in September and October rise to record highs
The new wholesale inflation numbers from September and October prove that the rapid rise in the cost of everyday goods is not “transitory,” contradicting what President Joe Biden has repeatedly claimed. In September, inflation at the wholesale level rose by 8.6 percent compared to the same month last year. “Excluding volatile food and energy prices, wholesale inflation […]
11/10/2021
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By Arsenio Toledo
Over one hundred million working-age Americans are not part of the labor force
Even though there are millions of available jobs in the United States right now, there are still as many as 107 million working-age Americans who are not employed. According to the Department of Labor, there are 100.45 million people “not in the labor force” in October, up from the 100.412 million in September who were not […]
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