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Inflation: Grocery Prices in August Rose 13.5%, the Highest Increase Since March 1979Sep 13, 2022 - 07:04:51 PDT
Meanwhile, the meats, poultry fish and eggs category is up 10.6%, largely in part due to the price of eggs, up 39.8%, up 2.9% compared to last month. Reed told Yahoo Finance eggs are "something that's really risen quite a bit over the course of the pandemic period."
Expectations for a 0.1% MoM drop in CPI has set the squeeze-algos on fire in recent days as the small drop signals 'peak inflation' and goldilocks and a unicorn-filled Fed will step back and declare victory (with a lag). Short-term interest-rates - however - have not been buying that dovish story, so how the market reacts to today's print will be fascinating given the technical background of extreme negative delta and positioning, and now momentum.
Based on the latest data from U.S. small businesses (SMBs), the demand for labor has declined again, with nearly two out of every three (63%) putting their hiring on hold because they can't afford to add staff, and 10% of that group is laying off workers.
The U.S. Federal Reserve could be forced to pivot away from its path of aggressive interest rate hikes in three stages, according to author Nomi Prins.
Inflation likely eased in August thanks to falling gasoline prices, but the cost of many essentials continues to climb, including soaring power bills that are straining family budgets.
Japan's wholesale prices rose 9.0% in August from the previous year, matching the annual pace of growth in July, data showed on Tuesday, signalling that persistently high raw material costs continued to squeeze corporate margins.
The dollar eased further on Tuesday ahead of U.S. inflation data that could show some signs of softening, while the euro found its footing above parity on hawkish comments from policymakers that rates would need to increase further.
A Swiss billboard is making the rounds on social media depicting a young woman on the telephone. The caption reads, "Does the neighbor heat the apartment to over 19 degrees (66F)? Please inform us." While the Swiss government has dismissed the poster as a fake, the penalties Swiss citizens face for daring to warm their homes are very real.
Central Bank Digital Currencies (CBDCs) are coming even faster than many anticipated.
Bear Traps' Highest Conviction Trade: A Perfect Storm Is About To Hammer The DollarSep 13, 2022 - 05:17:23 PDT
The Trade of 2023: it’s “short US dollar, long Emerging Markets”... but only after the US recession starts (which will mark peak US$) and China troughs (likely after the coming China currency devaluation).
This report comes at an important juncture in the market, and he's how to interpret views on the number.
U.S. stock futures ascended Tuesday as investors prepared for a highly-anticipated inflation reading before the opening bell.
The Fed continues to talk tough about fighting inflation. During his Jackson Hole speech, Fed chair Jerome Powell said the central bank will “use our tools forcefully” to attack inflation. Powell even promised some pain.What exactly does Powell mean by "pain?"Ron Paul pointed out that Powell wants to "soften the labor market." In other words, he wants you to get fired.
The European Central Bank (ECB) raised interest rates another 75 basis points last week. In his podcast, Peter Schiff explained how the ECB inflation fight could create big problems for the Federal Reserve and the US dollar.
History teaches us no government can ultimately escape the consequences of removing sound money from its monetary system. Absent the constraints on ever-expanding fiat money supply imposed by gold and silver, the current inflation problem can only worsen.
Silver Futures Climb by Nearly 6%; Gold Prices Settle at Their Highest in 2 Weeks: MWSep 12, 2022 - 13:01:17 PDT
Silver futures rally on Monday, tacking on nearly 6%, while gold futures settle at their highest in two weeks, buoyed by a pullback in the U.S. dollar.
Gold prices rose on Monday as the dollar fell to a more than two-week low, prompting investors to buy bullion.
Like last week, words fail me in an attempt to describe the current bullish set up for silver...it's most white-hot bullish in COMEX history -- and even more so now. But, as has always been the case...how high we go in price from here -- and how fast, depends entirely on what these big commercial shorts do...
With a major ongoing debate as to how many rate hikes will take to slow inflation, the PIIE says Uncoordinated Monetary Policies Risk a Historic Global Slowdown.
Sep 12, 2022 - 12:16:39 PDT
Fortunately, today we have the advantage of not just history but the science of economics to show us that price controls don’t work.