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Illicit use of cryptocurrencies hit a record $20.1 billion last year as transactions involving companies targeted by U.S. sanctions skyrocketed, data from blockchain analytics firm Chainalysis showed on Thursday.
Inflation May Have Eased, but a ‘Number of Factors’ Will Make It ‘Tick Back Up’ This YearJan 12, 2023 - 11:33:34 PST
Former Council of Economic Advisers acting Chairman Tyler Goodspeed joined ‘Mornings with Maria,’ Thursday, to react to the release of the December CPI, predicting that inflation will lower in the first half of 2023, but will ultimately increase in the latter half as energy prices rise.
If it wasn't for October 2022's all-time record low for affordability, the cost of owning a new home in November 2022 would itself have set a new record. As it is, the cost of the mortgage payment to live in the median new home sold in November 2022 would consume 46.3% of the wages and salaries earned by a household in the middle of all income-earners in the U.S.
Inflation fell to 6.5 percent in December, but new House rules ensure that Congress will have to consider the inflationary impact of future spending bills.
The monetary regime in power now—the so-called 2 percent inflation standard—is promising us a “return to normal” after the great pandemic and war inflation of 2021–22.
Economists have generally been expecting shelter costs to decline based on declines in national rent indexes but I have not been in that camp.
Jan 12, 2023 - 11:09:54 PST
As The Federal Reserves attempts to combat inflation, the withdrawal of monetary stimulus is creating problems in the housing market. For one, as mortgage rates have risen, newly listed homes declined -21% YoY in December.
Birth rates are falling in the United States. After the highs of the Baby Boom in the mid-20th century and the lows of the Baby Bust in the 1970s, birth rates were relatively stable for nearly 50 years.
What's Behind the Global Erosion of Civil Liberties, Privacy and Property Rights?Jan 12, 2023 - 11:07:26 PST
The second essential step is to recognize how the spectacles of "news" and entertainment distract our attention from this erosion of basic rights.
People will not let themselves be caught long stocks if inflation reasserts itself and they will not buy as many if the Fed stops hiking again. A growing portion of that withdrawn money is not going into bonds. It is going into Gold
"Third Straight Month Of Good News On Inflation": Wall Street Reacts To The CPI ReportJan 12, 2023 - 07:50:57 PST
Below is a snapshot of several Wall Street kneejerk reactions to today's CPI report which came in right as expected, and absent a bizarrely high, and 12 month-delayed shelter/rent print which rose 0.8%, or the highest since at least 1990...
Dip in Mortgage Rates Not Slowing Housing Bust 2: Mortgage Lenders Sing the BluesJan 12, 2023 - 07:14:26 PST
It just keeps getting worse.
Jan 12, 2023 - 07:11:58 PST
The great moderation is the term economists use for the regime change starting in 1983 after Fed chairman Paul Volcker allegedly broke the back of inflation by spiking interest rates to 20 percent.
China's annual consumer inflation rate accelerated in December, driven by rising food prices even as domestic demand wavered amid restrained economic activity.
Traders piled into bets on another hawkish pivot from the Bank of Japan following a report that the central bank will review the side effects of its policy as soon as next week.
More than half Germany's companies are struggling to fill vacancies due to a lack of skilled workers, the German Chambers of Commerce and Industry (DIHK) said on Thursday, in the latest sign of growth headwinds belabouring Europe's largest economy.
Consumer expectations for inflation over the next 12 months eased for the first time since May 2022, according to a monthly survey by the European Central Bank.
Expectations for this morning's headline CPI ranges from +6.3% to +6.8% YoY, with consensus seeing a 0.1% decline MoM - something the world and his pet rabbit has bid stocks up into anticipating this as the signal for an about face by The Fed on their higher for longer narrative as it 'proves' inflation has peaked.
Consumer Prices Fell 0.1% In December, In-Line With Expectations From EconomistsJan 12, 2023 - 05:34:05 PST
The consumer price index was expected to decrease 0.1% on a monthly basis and increase 6.5% from a year ago in December, according to Dow Jones.
Gold prices advanced to their highest level in more than eight months Thursday ahead of a closely watched U.S. consumer-price index report.