President Biden discussed the economy in the last interview of his administration on MSNBC’s “The Last Word with Lawrence O’Donnell" Thursday night.

Inflation is causing rates to rise, and rising interest rates are the predominant problem facing markets in early 2025. Read more

U.S. inflation accelerated last month as prices for gas, eggs, and used cars rose, yet underlying price pressures also showed signs of easing, bolstering hopes that the Federal Reserve could still cut its key interest rate this year.

Overall inflation in the United States accelerated for the third-straight month in December. But the core consumer price index increased slightly less than expected, raising the prospect of another interest-rate cut.

The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.

Inflation increased by 2.9% in December 2024, marking three consecutive monthly rises. Mountain West states had the lowest regional inflation, with an increase rate of 1.7% year-over-year.

President Joe Biden will leave the White House with a strong economy, historic gains in the job market, a foundation for future manufacturing growth, and having brought down decades-high inflation without triggering a recession.

A Labor Department report showed the Consumer Price Index (CPI) rose 2.9 per cent on an annual basis in December 2024, the highest since last July

US consumer inflation rose for a third straight month in December as energy prices increased, according to government data published Wednesday, adding pressure on the Federal Reserve to pause rate cuts.

Annual inflation in the United States climbed to 2.9% in December 2024, marking its third consecutive monthly increase and aligning with market expectations. This steady rise, up from 2.7% in November,

The Labor Department said on Wednesday that inflation rose by 2.9% in December, up from 2.7% in November and the highest rate since July 2024. Biden went on to claim red states "screwed up" on ...

President Biden pointed a finger at Republican states ... We had a soft landing. Inflation is down almost 2%. A lot going on.” The Labor Department said this week that inflation rose 2.9% ...