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CPI Tumbles To 2-Year Lows, But Goods Prices Reaccelerate; Inflation Outpaces Wages For 26th Straight MonthJun 13, 2023 - 05:55:19 PDT
With CPI set for a 'historic drop', the market has FOMO'd into this print (and tomorrow's FOMC) with the headline print expected to tumble from +4.9% YoY to +4.1% YoY. However, The Fed's new favorite signal from The BLS is Core Services CPI Ex-Shelter, and that declined to +4.6% YoY - lowest since March 2022
Us Consumer Price Growth Slowed Last Month, Though Underlying Inflation Measures Stayed HighJun 13, 2023 - 05:54:07 PDT
Consumer prices in the United States cooled last month, rising just 0.1% from April to May and extending the past year’s steady easing of inflation. At the same time, some measures of underlying price pressures remained high. Measured year over year, inflation slowed to just 4% in May — the lowest 12-month figure in over two years and well below April’s 4.9%...
Federal Reserve officials sit down Tuesday for their first meeting in 15 months with no pre-determined interest rate hike on the table in what amounts to the debut gathering of the "will-they-or-won't-they" era.
The Scarcity of Water Is Emerging as a Global Economic Threat With China and India Most at RiskJun 13, 2023 - 05:50:52 PDT
Global fresh water demand is expected to outstrip supply by 40% to 50% by 2030
Return of El Niño Threatens New Levels of Economic Destruction: BloombergJun 13, 2023 - 05:47:32 PDT
The shift to a warming phase from the cooler La Niña can generate chaos, especially in fast-growing emerging economies. Power grids strain and blackouts become more frequent. Extreme heat creates public health emergencies, while drought adds to fire risks. Crops are lost, roads are flooded and homes are destroyed.
Beware This Stock Market Rally Because It’s Reminiscent of What Led up to the 2008 Crisis: JPMorganJun 13, 2023 - 05:40:38 PDT
Investors should be wary of the ongoing stocks rally because it doesn't reflect looming economic risks, and is reminiscent of the months that led up to the 2008 financial crisis, according to JPMorgan Asset Management's chief investment officer.
US junk bonds have the shortest average time to maturity on record, signaling that companies will have large amounts of debt to refinance in the next few years.
UK government bonds fell to levels last seen during the global financial crisis as traders bet the Bank of England may have to raise interest rates to as high as 6% after data showed wages rose faster than expected in April.
China’s credit demand weakened in May as the economy’s recovery lost steam, adding to reasons for the central bank to boost stimulus to spur growth.Aggregate financing, a broad measure of credit, was 1.6 trillion yuan ($224 billion) in May, the People’s Bank of China said Tuesday, lower than the median estimate of 1.9 trillion yuan in a Bloomberg survey...
The lack of confidence is so entrenched among China’s equity investors that government efforts to boost growth are repeatedly met by calls for Beijing to do more. Tuesday’s interest rate cut from the People’s Bank of China drew little enthusiasm from equity traders, with volumes about 25% lower than recent averages. Even news that China is considering a broad package of stimulus measures only boosted the CSI 300 Index by half a percentage point.
Federal Reserve officials seeking to put their tightening campaign on pause this week are set to receive support from consumer price index data due Tuesday, according to Bloomberg Economics. Falling energy prices in May should offset increases in other categories to leave the headline index roughly unchanged,...
The Fed is repeating the same mistake it initially made during the last major inflationary bout in the U.S. in the 1970s: focusing on rate hikes as opposed to draining excess reserves/ liquidity from the financial system.
Bond traders are underestimating how much Tuesday’s Consumer Price Index report will show the inflation rate dropped last month, according to Citigroup Inc. strategist Raghav Datla.
CPI Preview: Inflation Expected to Have Cooled Further in May Ahead of Fed DecisionJun 13, 2023 - 05:24:16 PDT
Investors will turn their attention to critical data that will help determine the future of Federal Reserve policy: The May Consumer Price Index.
The May CPI report out Tuesday morning will likely settle the debate about whether the Federal Reserve pauses its rate hikes on Wednesday.
Global stock markets and Wall Street futures rose Tuesday ahead of a U.S. inflation update and a Federal Reserve decision on another possible interest rate hike. Forecasters expect it to show inflation eased in May but still was double the Fed's 2% target despite interest rate hikes to cool business activity. Traders hope the Fed will skip another rate increase when its monthly board meeting ends Wednesday, but that might be complicated if inflation is higher than expected.
Congress "solved" the debt ceiling problem by effectively eliminating borrowing limits for the next two years. But it did nothing to address the underlying problem. And that underlying problem is painfully obvious when you look at the monthly budget deficits the federal government continues to run month after month.In May, the Biden administration piled another $240.3 billion onto the fiscal 2023 deficit, running it to $1.38 trillion with four months left to go, according to the latest Monthly Treasury Statement.
Given the current macroeconomic environment and the supply and demand dynamics, silver is significantly undervalued at $24 to $25 an ounce.
THE GREEN RENEWABLE ENERGY CANARD: China Solar Power Manufacturing Dominance... Cheap Coal Power & Slave LaborJune 13, 2023
The entire Green Energy Movement is based upon a lie. Without cheap China coal power and slave labor wages, there is no GREEN ENERGY... there lies the rub. Unfortunately, the West doesn't want you to know that because it would destroy the "Green Energy Illusion." Let's first look at the...
Jun 12, 2023 - 13:06:28 PDT
In conclusion, the photovoltaic industry's impending impact on silver pricing cannot be overlooked. As the silver shortages loom on the horizon, it is only a matter of time before mainstream media reports on these significant developments. Once the news spreads, we can anticipate substantial price surges in the silver market.