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Hotter-than-expected inflation data released this week could force Federal Reserve policymakers to take historic action and approve a 100-basis-point interest rate hike.

President Biden toured the Detroit auto show on Wednesday, meeting with industry leaders. Biden drove a Cadillac Lyriq ahead of his speech on electric vehicles.

Rep. Michael Waltz, R-Fla., asserted Biden's energy policies and the high cost of diesel fuel will continue to exacerbate inflation and drive up prices for Americans.

The producer price index, which measures inflation at the wholesale level before it reaches consumers, remains at a multi-decade high, the Labor Department said on Wednesday.

President Joe Biden will head to Detroit on Wednesday for the North American International Auto Show (NAIAS), where he will meet with auto company CEOs, unions and local leaders.

The former treasury secretary pulled no punches with his assessment of the inflation landscape in the United States, calling it a "serious inflation problem."

FOX Business host Larry Kudlow weighs in on the consumer price index report that shocked Wall Street and the nation on Tuesday's "Kudlow."

August inflation data came in hotter than expected, raising the odds of an even more aggressive Federal Reserve interest rate hike when policymakers meet next week.

Former White House OMB director Russ Vought argued Biden's continuous spending and bad regulations make the Fed's job of reducing inflation much harder.

The Labor Department released the latest inflation data set on Tuesday, revealing just how hot consumer prices ran in August as the Fed tries to cool the economy.

Gatestone Institute senior fellow Gordon Chang warned China and Russia are working with Iran and North Korea to usher in a new Cold War against the US.

President Joe Biden will celebrate the climate, health and tax bill, called the Inflation Reduction Act, on Tuesday as a major win for middle-class families.

The August inflation data out Tuesday morning is expected to show that consumer prices slowed in August, but that likely won't be enough to mollify the Federal Reserve.

FOX Business host Larry Kudlow weighs in on President Joe Biden's performance ahead of the upcoming 2022 midterm elections on Monday's "Kudlow."

Gov. Chris Sununu discusses a potential Trump 2024 presidential run and explains why he's supporting Chuck Morse over Democrat Maggie Hassan in New Hampshire's Senate race.

Treasury Secretary Janet Yellen warned that gas prices in the U.S. could shoot up again this winter as the European scales back its purchases of Russian oil.

The New York Federal Reserve released a new survey on Monday revealing that American households expect inflation to cool slightly over the next three years.

Ohio Republican Congressman Jim Jordan addressed Biden's latest military aid package to Ukraine, arguing U.S. taxpayers should not be paying for more weapons

Environmental groups slammed a permitting reform deal announced by Sen. Joe Manchin, D-W.Va., saying it would "accelerate the wildlife extinction crisis."

The Biden administration has claimed progress reducing the annual budget deficit, but total U.S. debt continues to climb to record highs.