Nov. 21, 2022 – 4:54 – Potomac Core President and CEO Dan Varroney discusses U.S. energy independence under Biden’s leadership and skyrocketing diesel prices.
DC, Baltimore among cities impacted most by inflation
WASHINGTON – A new study by WalletHub says the D.C. and Baltimore regions are seeing some of the highest levels of inflation.
The D.C./Arlington/Alexandria region is ranked 21 nationwide while the Baltimore/Columbia/Towson region is fifth.
FOX 5 spoke to financial expert Dan Varroney, President & CEO of Potomac Core Consulting, who said he doesn’t expect inflation to ease any time this year. He said he also anticipates the Federal Reserve will again raise interest rates in November or December.
“I’m going to tell you that has implications for all of your viewers in terms of what they’re going to pay on their credit card interest fees, what people will pay for home loans and what people will pay for automobile loans,” Varroney said. “So right now we’re looking at high costs through the end of the year and this would get into next year. I don’t think that inflation is going to get under control anytime soon.”
RECESSION LOOMING: Fed raises rates .75 of a percentage point to fight inflation.
Watch Dan’s latest interview with Daytona Everett regarding the current market forecast!
Inflation Nation: Americans Feeling the Effects of Higher Prices
Watch Dan’s interview with FOX’s LIVENOW Daytona Everett on the impact of inflation to the consumer here.
Inflation in the Bay Area: Breaking Down Why Everything Costs More
By Scott Budman
The latest inflation numbers are higher this week compared to last week, with everything from food to gas on the rise.
In San Jose, Cafe Rosalena owner Bryan Garrett breaks down why even his sandwiches are costing more these days.
How high will food prices go?
Are chicken wings really costing $34? That’s not the only jaw-dropping prices increase you’ll find out there. Join Dan as he breaks down the pending food price hikes here!
Grim forecast for the economy
FOX 5’s Josh Rosenthal chats with Daniel A. Varroney, a financial expert, who believes the nation could be headed into a recession. Listen to Dan’s insights on this topic here!
Grocery store, restaurant prices on the rise
It’s no secret: prices are going up – at the pump, at the grocery store, and if they haven’t already, experts said there’s a good chance you’ll start to see prices rise at many restaurants too.
Listen to Dan’s insights on this subject here!
What is causing the recent food price uncertainty?
Published
Updated 11:29PM
It’s been the case for about a year: prices at the grocery store going up, up, up.
“We’ve seen price increases across the board in every category,” said Nolan Rodman of Rodman’s Discount Gourmet.
War in Ukraine threatens to blow US food costs sky high
Experts say American shoppers will begin to see higher grocery bills as the war in Ukraine threatens global food supplies.
