Higher Spending

Financial

Economists Say Inflation Is Real, Warn More Spending Could Make It Worse

To paraphrase Jerry Seinfeld’s would-be paramour, “Inflation is real….and it is spectacular.” Spectacularly bad, says economist Stephen Moore, noting the annual inflation rate in the U.S. surged to 6.2 percent in October, the highest since November 1990. And the reason is simple, Moore says. “There are too many dollars chasing too few goods.” Democrats who just

Economy

Americans are spending but inflation casts pall over economy

Americans are doing the main thing that drives the U.S. economy — spending — but accelerating inflation is casting a pall. A raft of economic data issued Wednesday showed the economy on solid footing, with Americans’ incomes rising and jobless claims falling to a level not seen since the Beatles were still together. The spike

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