by bitkogan Recent research from the Saint Louis Fed suggests that while energy prices are too volatile to accurately predict inflation, food prices can provide some insights. So far in 2023, food has been the most effective indicator for predicting inflation, with …
by confoundedinterest17 Damn it, Janet (Yellen)! So much for Treasury Secretary Janet Yellen’s proclamtion that inflation is transitory and would subside to under 2%. April’s core inflation (PCE Deflator) rose to 4.7% YoY. Despite M2 Money growth crashing to -4.6% …
via wolfstreet: Food Inflation Raged at 19%. But energy prices plunged. In response, UK government bond yields spiked, pricing in higher BOE policy rates. No one ever seems to expect these nasty surprises that this inflation continues to dish out. …
A long time ago in the 1980s, banks gave high interest rates for savings due to high government interest rates. I believe I got 8% while federal rates were 13%. Today. Banks give 1% or less while federal rates are …
by Chris Black Western sanctions have been great for Russia. Their economy is doing better than ever. This is obviously the opposite of what the sanctions were ostensibly designed to do, which was to cause the Russian economy to collapse …
Listen up pic.twitter.com/BrgWo4fCWX — Brandie with a 🐝 (@BrandieWithABee) May 25, 2023 Government spending is up 55% since 2019 and we have 1% GDP growth. pic.twitter.com/PEZ59Codee — Dan Collins (@DanCollins2011) May 24, 2023 https://twitter.com/bagholdingbear/status/1661434652303785994 CNN fact checks far-left Democrat Rep. …
by Dismal-Jellyfish Source: https://datasembly.com/grocery-price-index/ Datasembly found that barbecue staples are more expensive than they were last year, with condiment prices leading the charge. The price of a 32-ounce bottle of ketchup has increased 28% since this time last year, going …
by: JD Heyes (Natural News) The Biden regime won’t admit it and neither will most Democrats because it would only add to their reputation of being unable to run a successful economy, but it’s pretty much official now: Inflation is …
WSJ: It Just Had an Energy Crisis, Now Europe Faces a Food Shock Food prices continue to rise at a rapid pace, surprising central banks and pressuring debt-laden governments LONDON—Fresh out of an energy crisis, Europeans are facing a food-price …
by Dismal-Jellyfish Let’s get to it! M2 (U.S. money stock–currency and coins held by the non-bank public, checkable deposits, and travelers’ checks, plus savings deposits, small time deposits under 100k, and shares in retail money market funds) is decreasing: https://fred.stlouisfed.org/series/M2SL …
by BoatSurfer600 Source: Wolf Street A. inflation B. rising taxes C. higher interest rates D. more government interference Which of the above drive up rental rates?
by confoundedinterest17 Remember when former Fed Chair and current Treasury Secretary Janet Yellen said that inflation was transitory? As usual, Yellen was wrong. Look at April’s new home sales. Up 4.1% since March even through M2 Money growth has collapsed. …
by confoundedinterest17 The US middle class is wasting away in Bidenville. While Climate Envoy John Kerry threatens to seize farms in the name of … climate change? The moral hazard problems associated with farm seizures boggle the mind. So, everyone keeps …
The Federal Reserve will make only modest progress in its fight against inflation for the rest of this year, even while keeping its benchmark interest rate at a 16-year high, a group of business economists predict in a survey released …
by Dismal-Jellyfish Not even dying is without inflation 🙁 “Cost of dying” in America nears $20K The median funeral cost is $7,848, the average family spends $9,351 on legal and financial expenses. Source: https://www.federalreserve.gov/publications/files/2022-report-economic-well-being-us-households-202305.pdf
by Dismal-Jellyfish Sources: https://www.marketwatch.com/story/feds-bullard-backs-two-more-hikes-359fb941: St. Louis Fed President James Bullard on Monday said he would like to see two more quarter-percentage-point interest-rate hikes this year. “I think we’re going to have to grind higher with the policy rate in order …
by Dismal-Jellyfish Source: https://www.realtor.com/research/april-2023-rent/ In April 2023, the U.S. rental market experienced single-digit growth for the ninth month in a row after fifteen months of slowing from a high of 16.4% growth in January 2022. Median rent across the top …
Guest Post from MICHAEL MAHARREY posted at schiffgold.com On an annual basis, the Consumer Price Index (CPI) increased by 4.9% in April. While that’s an improvement over last year, it’s still not good. It’s more than twice the Federal Reserve …
by DAVID HAGGITH Lovely Lorie Logan says clearly the Fed’s inflation fight is not over. Rates will rise. Today provides another stark example of how you cannot get good financial reporting from the financial media. Walmart took the news …
by Simon Black Getting my in-laws out of Ukraine last year felt like it was as complicated as planning the Normandy invasion. My wife is Ukrainian, and her family had been stuck in Kiev since the start of the war. …
via theguardian: Some meat and vegetable lines at supermarkets have almost doubled in price over the past year, research has found, prompting fresh calls for the government to intervene as food industry figures gather for summit in Downing Street. Annual …
NYC rental inflation hits fastest since 2005, per Bloomberg: pic.twitter.com/F4mTZkZrGx — unusual_whales (@unusual_whales) May 17, 2023 Atlanta FED median wage growth tracker Updated for April pic.twitter.com/hRJ65VgZXj — Alessio (@AlessioTMAD) May 17, 2023 Rising inflation is increasing anxiety among Americans. The …
by Martin Armstrong COMMENT: Hello Mr. Armstrong. Thank you for my daily dose of reality. Your blog is one of the last sources of untainted news. I would like to show these pictures my daughter sent me last week. …
by Dismal-Jellyfish Inflation Alert! Cleveland Fed Governor Loretta J. Mester believes interest rates should go higher: “And so the question, you know, in my mind is have we gotten to that rate yet? And at this point, given the data …
via fortune: US households showed signs of increasing financial stress in the first quarter, with credit card balances not declining in the way they typically do at the start of the year and delinquencies rising for most types of consumer …
Argentina’s central bank on Monday hiked its base interest rate by six points to 97 percent as the government prepares to announce a spate of measures to tackle soaring inflation. It is the second time in less than a month …
Food inflation will become a “normal state of affairs” for Brits due to the worsening climate shocks, experts have warned. Rishi Sunak is under pressure to act over the sky-high grocery costs facing families when he hauls in supermarkets and …
The latest consumer price data show that inflation is still too high to warrant an easing of monetary policy and may even require further interest rate increases, according to a senior Federal Reserve official. Michelle Bowman, who sits on the …
by confoundedinterest17 I wish Biden would spend more time trying to negotiate with McCarthy to end the debt crisis rather than stir up race hatred like he did at Howard University graduation. C’mon Joe! White “supremacy” is not the most …
by Dismal-Jellyfish https://www.federalreserve.gov/newsevents/speech/jefferson20230512a.htm On the Assessment of Current Monetary Policy Governor Philip N. Jefferson At the “How to Get Back on Track: A Policy Conference,” Hoover Institution, Stanford, California Highlights: “Current inflation is still high.” “Personal consumption expenditures (PCE) inflation, …