As the nation prepares for Thanksgiving, those preparing meals for their families may find themselves spending less money. According to figures recently released by the American Farm Bureau Federation (AFBF), holiday dinners are down by 5% from 2024. Who is praying on the wall? From The Epoch Times: The farm group’s 40th annual survey, … Continued
Intercessor, are you headed out of town for Labor Day? Thanks to lower gas prices nationwide, it’s the cheapest Labor Day weekend to do so since the pandemic in 2020. Join the community of Monthly Ministry Partners and help IFA provide prayer resources to other intercessors. From the Daily Wire: Labor Day gas prices … Continued
Inflation has become a major problem in America and for now has shown no signs of going away. From Fox Business. The U.S. economy is at a mounting risk of spiraling into a 1970s-style stagflation crisis as the Russia-Ukraine war exacerbates already sky-high inflation, according to a new analysis. The Economist Intelligence Unit, in a Thursday note, … Continued
Amidst rising inflation and a foreign war, Biden’s approval rating has noticeably dropped. This could carry over into a red wave in the midterm election. From NBC News. Amid Europe’s largest land war since World War II, 7 in 10 Americans expressed low confidence in President Joe Biden’s ability to deal with Russia’s invasion of Ukraine in … Continued
As inflation continues to rise, Federal Reserve Chair Jerome Powell admits that it is far from temporary. He suggests aggressive interest hikes as a risky but efficient way to combat the current situation. From Daily Mail. Federal Reserve Chair Jerome Powell said Monday that the central bank may need to get more ‘aggressive’ with interest rate … Continued
New economic forecasts have significantly lowered the expected economic growth for the U.S. and for the world. From Fox Business. Russia’s invasion of Ukraine will likely hit economic growth globally and here at home. “The Russia-Ukraine crisis is viewed as a negative growth shock for the global economy,” said National Association of Business Economics President David … Continued
An interest rate hike is necessary because of inflation, but it could cause serious economic problems. From CNBC. The Federal Reserve on Wednesday approved its first interest rate increase in more than three years, an incremental salvo to address spiraling inflation without torpedoing economic growth. After keeping its benchmark interest rate anchored near zero since … Continued
The Federal Reserve is expected to begin making major monetary policy changes this week to address inflation that could potentially cause an economic recession. From Fox Business. The Federal Reserve is expected to raise interest rates this week for the first time since late 2018, and economists anticipate further hikes throughout the year as policymakers seek to … Continued
Millions of Americans are feeling the weight of record gas prices. Sadly, experts are now saying they don’t expect relief anytime soon. From The Center Square. Gas prices have soared to record highs in the past year, and analysts say they likely will only get higher. According to AAA, the national average gas price is … Continued
High inflation and low economic growth may be in store for this year. From The Center Square. Gas prices and inflation hit yet another high this week, raising more concerns about the impact on regular Americans and the future of the U.S. economy. The Bureau of Labor Statistics Thursday reported that the Consumer Price index, … Continued
Inflation makes everything more expensive for Americans and severely weakens our economy. From Fox Business. Soaring U.S. inflation is expected to continue its surge with no sign of relief in sight, as the costs of consumer goods like gasoline and household items climb to new heights. The Labor Department’s consumer price index jumped 7.5% in January from a year … Continued
With the economy in its current state, we should give thanks for every good sign while also praying for an end to debt and inflation. From CNBC. Job growth accelerated in February, posting the biggest monthly gain since July as the employment picture got closer to its pre-pandemic self. Nonfarm payrolls for the month grew … Continued
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