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Transcripts For FOXNEWS Americas Newsroom 20240707

not ones to write home about. 11.3% is the jump in wholesale prices from a year ago and came in lot steamier than economists predicted coming off the you know what it feels like when you buy things. consumer prices are up substantially. fastest pace we ve seen since 1981 back in reagan years. you have to go to art laffer to find that out. white house points out wages are up. here is the deal. wages aren t rising at the pace of inflation. you look at a pay cut of 3.6%. if you crunch the numbers inflation is costing the average american household $500 a month. setting on fire every single month because you aren t getting anything for that $500. bill: questions now including this how did we get here? many economists blame out of control government spending along the way. democrats are passed more than $3 trillion in new spending under president biden and they aren t taking their foot off the gas as they look to revamp build back better. let s go to mark meredith live f

Transcripts for FOXNEWS Americas Newsroom 20240604 13:00:00

it s the all american xher concert series. go to foxnews.com for free tickets and complimentary barbecue. let me point this out. the fdny is doing. the wounded soldier ride and putting up that tremendous flag. most patriotic. thank you to all our soldiers. bill: good morning. 9:00 here in new york and up, up away we go, america. the latest data shows inflation is soaring to new heights and your household budget is going along for the ride. maybe out the window. that s great. bill: good morning. i m bill hemmer. dana has time off. hello to you. happy to be in for dana this morning. i m martha maccallum. bill: feels like old times. always good to be here. moments ago the labor department came out with new numbers.

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