Producer Prices Spike Higher Than Expected in Sign of Heightening Inflation
The moderation in annual producer inflation is being driven by an easing in supply chain bottlenecks as well as a retreat in commodity prices from…
Author: Scott
Inflation Surges Higher in Importance for Black and Hispanic Americans
Seventy-four percent of American adults rate the inflation issue as “very important,” according to a recent poll from the Economist and YouGov. The poll was taken of 1,500 American…
ECONOMY Businesses added 208,000 jobs in September, better than expected, ADP reports
Those gains came even as goods-producing industries reported a loss of 29,000 positions, with manufacturing down 13,000 and natural resources and mining losing 16,000. However,…
Stock-Market Strategist Says Coming Recession Could Be Biggest Ever: ‘I Recommend Prayer’
‘I’m about as bearish as I’ve been since 2008,’ says Hedgeye’s Keith McCullough. He’s steering investors to cash, gold and other defensive plays. His investment-research…
Results of ‘Adults’ Being in Control: Bidenomics Sends U.S. National Debt Soaring Past $31 Trillion for First Time
The United States’ public debt closed at $31.1 trillion on Monday, according to Treasury Department data published Tuesday. The milestone comes as the Federal Reserve continues to hike interest rates to fight the highest…
Analysts Say Oil Prices Could Soon Return to $100 as OPEC+ Considers ‘Historic’ Cut
OPEC and non-OPEC producers, a group often referred to as OPEC+, will meet in Vienna, Austria, on Wednesday to decide on the next phase of…
Americans have lost $4,200 in income since Biden inauguration: Heritage
The average household has lost roughly $7,200 of income, Heritage Foundation says Consumer prices have risen 12.7% since January 2021, much faster than wages, which…
Build Back Better Delivers: Dow Tumbles Below 30,000 as Rising Rates and Lingering Inflation Scares off Investors
The Dow breached its mid-June lows on an intraday basis to touch 29,643.93 points and hit a near-two year low. The S&P 500 and the Nasdaq are also…
Fed raises rates by another three-quarters of a percentage point to fight inflation
In its quest to bring down inflation running near its highest levels since the early 1980s, the central bank took its federal funds rate up…
More Americans racking up credit card debt as inflation rages
“Credit card debt is easy to get into and hard to get out of,” said Ted Rossman, a senior analyst at CreditCards.com. “High inflation and…