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inflation

US inflation accelerated again in September, rising 8.2%

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The month of September saw inflation accelerate rather than the decline economists hoped to see. Housing costs and the price of other goods increased...
CarMax

CarMax Q2 earnings fall short, says inflation is shrinking car demand

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CarMax saw its stock plummet after an announcement that it missed second-quarter earnings expectations. Shares dropped nearly 25%, marking a new 52-week low. CarMax...
Forbes

Steve Forbes: Biden Administration ignoring ‘real cure’ for inflation

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According to Steve Forbes, chair of Forbes Media, the US is too focused on raising interest rates in an effort to curb inflation and...
used car prices

Used car prices could indicate what’s next for inflation

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According to Wall Street experts, the decline in used car prices could signify that inflation is easing. That’s good news, especially after another interest...
inflation

The Fed will likely get more aggressive in tackling inflation this...

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A number of recently released reports show a combination of positive and negative outlooks for the economy and labor market, just ahead of another...
Ray Dalio

Billionaire investor Ray Dalio predicts recession, high interest rates

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Ray Dalio, a prominent investor, and Bridgewater Associates founder, shared his opinion about inflation, falling stock prices, and future interest rate increases on social...
inflation

Lower energy prices a bright spot in August CPI data, inflation...

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The Bureau of Labor Statistics released the monthly consumer price index on Tuesday and revealed that inflation increased again in August. Economists predicted a decrease...
Tom Maoli

New Jersey dealer Tom Maoli on inflation, EVs, interest rates, and...

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Welcome to another edition of Inside Automotive with Jim Fitzpatrick. Today, we're pleased to welcome back Tom Maoli, President and CEO of Celebrity Motor...
consumer confidence

Consumer confidence rose in August thanks to moderated gas prices and...

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Consumer confidence is on the rise following three straight months of declines. The good news is attributed chiefly to declining gas prices and an...
Jonathan Smoke

Chief Economist Jonathan Smoke breaks down findings from Cox Automotive’s Q2...

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Cox Automotive released its Q2 Dealer Sentiment Index, which provides a current view of dealer sentiment and looks ahead to the next 90 days....