Inflation

In his bid to regain the White House, former President Donald Trump has hammered away at the Biden-Harris administration for its inflation record.

Both 2024 presidential candidates have made housing part of their legislative priorities for this election. Two Florida economists weight in on how each of these might affect voters in Central Florida.

Regional Federal Reserve leader Raphael Bostic is prepared to cast his vote to lower interest rates late this year if he is convinced inflation has been beaten — and he’s not yet.

Looking at the duration of Joe Biden’s presidency and using the standard measures for comparing inflation and wages, inflation has increased 19.3% since January 2021 while wages have risen 16.1%.

Inflation compounds, and it has risen by about 19% during Biden’s presidency. However, Rubio is misleading by failing to note another key factor: rising wages. Prices don’t increase in a vacuum; they can be canceled out, or nearly so, by rising wages.

Experts are crediting cooling inflation and the anticipation of federal interest rate cuts for the boost in consumer attitudes.

A majority of those surveyed were dissatisfied with how President Biden has handled inflation, foreign policy and border security.

Despite inflation, consumers in Florida will be spending more this holiday shopping season, according to Anca Voicu, professor of economics at Rollins College.

The release of the national PCE index brought good economic news to Florida and the country as a whole.

The 12-month inflation rate in the Tampa metro area is more than double the national rate, according to Consumer Price Index data.

Recent data from the U.S. government shows a surge in consumer spending is fueling strong growth. It's confounded economists, Federal Reserve officials and even Americans themselves.

Here's how property taxes this year could impact your mortgage and what you can do about it.