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Tax cuts, tariff hikes, labor supply curb by clamping down on immigrants -part of Trump's economic agenda bode ill for inflation: Summers. The economist, however, says it's difficult to predict the timing and the precise dynamics.

Ex-Treasury Secretary Larry Summers Warns Trump's Re-Election May Push Mortgage Rates Beyond 10%: 'Never Been A Presidential Platform So Self-Evidently Inflationary'

⏲ 0:58 👁 980K

Brennan Drane

Waterballoon Belly

⏲ 1 minute 52 seconds 👁 113.2K

During a Senate Finance Committee hearing last week, Sen. Chuck Grassley (R-IA) questioned witnesses about Bidenomics and inflation. <br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com

Witness Tells Chuck Grassley Spending Cuts Are ‘Best Way To Reduce The Debt-To-GDP Ratio’

⏲ 6:16 👁 1.2M

Consumer confidence rose in May after declining for the last three months, with the Conference Board's Consumer Confidence Index increasing to 102 from 97.5. Consumers cited high prices for food and groceries as having the greatest impact on their views of the economy. Their expectations about average inflation over the next 12 months edged up slightly. The share of consumers expecting higher interest rates over the next year also increased slightly. Views of the current labor market improved as fewer consumers said jobs were hard to get.

Consumer Confidence Bounces Back in May After Three Months of Decline

⏲ 0:35 👁 640K

A man built a feeding device for orphaned kittens using a cat soft toy. <br/><br/>Bai Ying, 33, created the inventive device after he found the orphaned kittens in his home storage in Ningbo, China. <br/><br/>After observing them for two days, he realised that the mother was missing and decided to adopt the litter.<br/><br/>Bai first tried to use feeding syringes but the kittens struggled to absorb the milk, which prompted him to come up with an alternative.<br/><br/>Bai made the bionic breast-feeder out of balloons, syringes, leather straps and a stuffed cat toy.

Man creates feeding device for orphaned kittens using cat soft toy

⏲ 1:38 👁 13.8M

In Moscow, 'life goes on' despite the conflict in Ukraine<br/><br/>Although omnipresent on state television channels, the conflict remains barely visible in the streets of Moscow. Only adverts at a few bus stops show jobs with the army and praise the \

In Moscow, 'life goes on' despite the conflict in Ukraine

⏲ 1:24 👁 2.1M

Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, has advocated for keeping interest rates unchanged until more data shows underlying inflation is declining. Kashkari believes cutting rates now could jeopardize the foundation of U.S. economic prosperity by undermining anchored inflation expectations. Kashkari does not have a vote on the FOMC this year but highlights the Fed's concerns about cutting rates prematurely before taming inflation. Kashkari says Fed should leave rates unchanged \

Fed's Neel Kashkari Advocates For No Interest Rate Cut Until 'We Get A Lot More Data To Convince Us' Amid Inflation Uncertainty

⏲ 0:40 👁 260K

North Korea sent some 600 balloons carrying trash into South Korea overnight, Seoul said on Sunday (June 2), in Pyongyang's latest move to rile its rival neighbor. - REUTERS

North Korea sends more trash balloons to the South

⏲ 1:50 👁 330K

Shop price rises in the UK slowed to an annual rate of 0.6% in May, down from 0.8% in the previous month. Food inflation also fell for the thirteenth month in a row to 3.2%, providing some relief for household budgets under pressure from high inflation. Prices of non-food items like furniture, TVs, and audio equipment have been falling as retailers cut prices ahead of the Euros football tournament. Unusually wet weather has also helped ease prices, and promotional activity from retailers is expected to increase to boost demand.

UK Shop Price Rises Slow to 0.6% Annual Rate in May, Easing Inflation Pressure

⏲ 0:36 👁 530K

North Korea said on Sunday (2 June) it would stop sending balloons carrying trash over the border to South Korea but vowed to resume the practice if anti-North Korean leaflets are flown over again from the South. - REUTERS

N. Korea to stop sending trash balloons, for now

⏲ 1:29 👁 150K

What if you want a high-quality lightweight, modern carbon road bike but you prefer rim brakes, a mechanical groupset and don’t want balloon tyres for so called ‘all road’ riding?<br/><br/>In this video I’m going to show that that - despite the best efforts of the industry - bikes like this do still exist. I’ve found the ultimate modern bike for the retrogrouch. The Racer Rosa is an example of a bike which proves that you can still buy a top end carbon road bike with rim brakes andis compatible with mechanical gears.

The Ultimate Retro Modern Superbike

⏲ 9:12 👁 640K

Eurozone inflation increased to 2.6% in May 2024 from 2.4% in April, as both headline and core inflation came in higher than economists expected. Services inflation, an important metric for the ECB, rose to 4.1%. Markets continued to fully price in an interest rate cut by the ECB at its June meeting, following signals from policymakers that a cut is likely. Inflation has cooled significantly from a peak of 10.6% in October 2022 but has remained below 3% for the past eight months. The euro was slightly higher against the dollar and pound after the inflation release.

Euro Zone Inflation Surges to 2.6% in May, Prompting Rate Cut Expectations

⏲ 0:43 👁 605K

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