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CNN This Morning

record home prices, too. combine all those things a triple whammy is having a devastating effect. let me show you, to your point, what mortgage rates have looked like the last few years. if you were lucky enough to lock in rates of august of 2021, well done. let's say your mortgage repayment was $1,000. today your option is paying double that even for above income, average income families, that's a huge whack. it's great, let's be clear if you're a homeowner, if the big american dream is to own your home, leave that money to your kids one day, that's getting further and further away and it doesn't really change until the federal reserve brings rates down, these things ease, people sell their homes, and that will take some time. >> rent prices remain very high with the stickiest part of the inflation issue. >> and that's the cash crunch. >> a guy who ran on the rent is too high. >> thanks, julia.

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Way Too Early With Jonathan Lemire

said less than 1 cent effectively for a ruble, and it's so cataclysmic. it's dropped off below that figure. it's around 98 or so, and that's off the back of the central bank raising them from 8.5% and now they're setting up 12%. let's remember the inflation issue in russia still above the 7% figure when you take a three-month basis into the equation here. they are looking for it to head back to 4% on a consistent basis, but it is still finally taking its toll. you do have a host of entities having left russia. they are still seeing exports of things like oil and other gases, but overall that economy is beginning to flounder and you can tell from just those numbers alone. >> one more for you also from overseas. china has suspended the release of its monthly unemployment data for young people. what prompted that?

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The Context

truly affordable. i need to be in order to make housing truly affordable.— truly affordable. i guess the point i am truly affordable. i guess the point i am making _ truly affordable. i guess the point i am making is— truly affordable. i guess the point i am making is that _ truly affordable. i guess the point i am making is that all _ truly affordable. i guess the point i am making is that all of - truly affordable. i guess the point i am making is that all of this - truly affordable. i guess the point i am making is that all of this is i i am making is that all of this is interconnected and there are a lot of people out there who are questioning the interest rate policy. many countries are in stagnation. the inflation is large been driven by energy prices and supply constraints. they have put financial, created financial problems for government. do you look at what is happening in the us and uk and think the interest policy is right now? it uk and think the interest policy is riaht now? , ., ., right now? it is hard to tell. i think the _ right now? it is hard to tell. i think the challenge _ right now? it is hard to tell. i think the challenge exists - right now? it is hard to tell. i l think the challenge exists that unemployment is still a little bit hot and that gives these economic specialists, or economic policy people of nervousness, at the end of the day the reason we are having an inflation issue, the reason we are having interest rate rises is strictly because of governments pending. you can call all of the dynamics you went into play in this but inflation is a direct result of overspending of the us government.

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Fox News Live

something that presidents have been trying to do for a long time and have not succeeded. he has a bill that home american investment program and has been tougher on china. those are all positive sides of the equation. the negative side of this is inflation. >> it is funny you are mentioning that. according to the latest fox news poll, 45% say they are falling behind. 43% say holding steady. when we talk about the term bidenomics, you hit the nail on the head there. that inflation issue seems to be looming over everything. can all of those positive numbers that you just laid out and talked about, can they counteract some of those personal feelings america has and inflation? >> yes. economic reporters have a story about this right now. it depends on which narrative

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America Reports

a reporter, first of all, that is fact. they are saying the economy is a major success. >> that is not a fact. unemployment rate fell sharply. i around 3.5%. it did pick up the past month but basically bouncing 3.5%. low unappointed rates. terms of headline inflation, that is the thing that has actually been falling. 4% last month. next month's reading, probably 3%. we do have inflation problem. inflation issue. the headline, amount of families are paying, actually getting less bad lately. >> sandra: i will let dan respond. >> jason is right on unappointed side of things. unemployment rate multi-decade low, no disputing that. inflation issue, with all due respect, jason, i feel you glance over it because it is getting better. i understand at the peak inflation running at 9% pace

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Politics Live

particularly striking is how the equivalent rate in the us and the euro zone has been declining, so the uk is a bit of an outlier, here. it does seem to have a bigger inflationary problem.- does seem to have a bigger inflationary problem. what is causina inflationary problem. what is causing it? — inflationary problem. what is causing it? why _ inflationary problem. what is causing it? why are - inflationary problem. what is causing it? why are we - inflationary problem. what is causing it? why are we the i inflationary problem. what is - causing it? why are we the outliers, versus the us, europe, and other developed economies? i versus the us, europe, and other developed economies?— versus the us, europe, and other developed economies? i think most of the inflation issue, _ developed economies? i think most of the inflation issue, in _ developed economies? i think most of the inflation issue, in most— developed economies? i think most of the inflation issue, in most major- the inflation issue, in most major economies, is linked to them labour markets, so businesses are struggling to retain workers and attract enough workers. as a result, they are having to pay higher wages, and because of that, they are then raising their selling prices to protect their profits. now, as i say, that is happening everywhere. but, there are a couple of reasons why it seems to be a bit more marked in the uk. 0ne why it seems to be a bit more marked in the uk. one is the effects of brexit, two, the effects of the pandemic. itjust means that wage growth is growing fast in the uk,

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Fox News Live

lack of people for the jobs we have. this legislation made both of those worse. we need to go back to fundamentals. he's throwing fuel on this inflation fire. >> let's talk about jobs and inflation. the jobs numbers came out yesterday hotter than expected. we're looking at 339,000 jobs added in may. politically a huge win for the white house and they are telling everyone that it is. that it's definitely coming from them, they're taking credit, but what about inflation? the inflation story. when you go back home to kansas, what do you hear from people? >> that's exactly it. it's still the cost of doing business. people are almost numb to this inflation issue, whether it's the price of gas, groceries, the price of housing, but what they're not numb to is the lack of people for the jobs that we have. so despite this good jobs number we still have seven million healthy american men between the ages of 25 and 45, that have never returned to work. people need to follow the labor participation rate, which is still some 4% below what it

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America Reports

in our personal lives, why don't we do it here. when we spend more money than we take in, and we have record revenues right now, why can't we sit down and balance the budget. when i was governor of florida i went through every line in the budget every year and we balanced the budget and i paid off a third of the state debt. we could do that here if there was any interest in doing it. i've been up here four years, there is no interest in balancing the budget. that's why we have the inflation we have and i grew up in a family that dealt with inflation. we lived in public housing growing up. i watched my mom struggle to put food on the table, gas in the car. it is hurting families all across the country. we have got to deal with this inflation issue. >> john: one of the reasons you can't balance the federal budget, something you did not have to deal with as the governor of the great state of florida, programs like social security, medicare, medicaid. until you start reforming those, there is no way you can get the budget under control. yet nobody in congress appears to have the political courage to want to come out unilaterally and say we got to do this.

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CNN News Central

>> i'm no economist but that looks like a peak. >> the trend is your friend as they say in charting and economics. ten months of those going down in a row. so slightly deceleration i would say over the past ten months. when you look at the overall month to month it grew about 0.4%. it's been a little choppy month to month because of all of these different factors that we chart here, but going in the right direction. one of the things that has made inflation issue number one for american families is that the wage gains they've been enjoying over the past few years have been eaten up by these price hikes. that's starting to narrow a little bit. the difference between wage gains and inflation -- >> this is helpful, yeah. >> -- that's showing you that that gap is narrowing a little bit so people might be able to start feel better about the economy if inflation could come down and they could keep hold of those decent wage gains they have had, the best wage gains in the past couple years. >> we're right there. we see a trend finally rather than saying it's still confusing but wait until next month. nice to not have the

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Politics Live

of the voters, andrea. and that is totally disappointing, as - of the voters, andrea. and that is totally disappointing, as i - of the voters, andrea. and that is totally disappointing, as i say, . of the voters, andrea. and that is| totally disappointing, as i say, and i am trying to explain why there isn't delivery yet to your point. the reason is because there is a global inflation issue. but andrea, hanu on, global inflation issue. but andrea, hang on. you _ global inflation issue. but andrea, hang on. you may _ global inflation issue. but andrea, hang on, you may feel— global inflation issue. but andrea, hang on, you may feel that - global inflation issue. but andrea, hang on, you may feel that voters| hang on, you may feel that voters think after 13 years of conservative rule, for the reasons you've said, there isn't delivery on those key priorities. there isn't delivery on those key riorities. ., , �* there isn't delivery on those key riorities. . , �* ., . there isn't delivery on those key riorities. . , �* ., :, priorities. there wasn't a cost of livin: priorities. there wasn't a cost of living crisis _ priorities. there wasn't a cost of living crisis in _ priorities. there wasn't a cost of living crisis in 2010. _ priorities. there wasn't a cost of living crisis in 2010. labour- priorities. there wasn't a cost of living crisis in 2010. labour left| living crisis in 2010. labour left us with no money. i conservative government had to come actually fix our economy. after massive debts were incurred by poor labour management. 0verthat were incurred by poor labour management. 0ver that ten year period, so much of the story has been about trying to fix the economy. if had had the pandemic hit without having fix the economy, there will is no way we could have afforded the furlough scheme. —— there is no way. history has consequences, and actually, last night is a devastating result for the conservatives, but there are

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