Following last month’s ‘deflationary’ print (-0.1% MoM), analysts expected headline CPI to rise 0.2% MoM and they were spot on, shifting the YoY CPI print to 2.9% (from 3.0%) – the lowest since March 2021…
Inflation Isn’t a Bug in the U.S. Monetary System, It’s a Feature…
May brings more bad economic news for hard-pressed American households. “Transitory” inflation remains firmly entrenched at rates equal to or higher than those reported at the start of 2024…
Americans Need An Extra $11,400 Today Just to Afford the Basics…
The typical American household must spend an additional $11,434 annually just to maintain the same standard of living they enjoyed in January of 2021, right before inflation soared to 40-year highs, according to a recent analysis of government data…
CPI Tumbles to 2-Year Lows, But Goods Prices Reaccelerate; Inflation Outpaces Wages for 26th Straight Month…
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…
September Consumer Price Index Shows Inflation Continuing to Rise More Than Expected, Fed Raising Rates Having No Impact Because It Is NOT Demand Side Inflation…
The Bureau of Labor and Statistics released the September Consumer Price Index (CPI) today [DATA HERE]. The financial and business media call the continued rise of consumer inflation “unexpected,” however, the results are not a surprise to those who are not pretending…
Despite Temporarily Lower Gasoline Prices, August Inflation Skyrockets with Biggest Jump in Food Prices Since 1979…
We are in an abusive relationship with our own government. If you want a real-time example of how governmental bureaucracy fits into this statement, look no further than the footnote at the bottom of this article ¹cited from the BLS report today…
Can’t Make This Up: White House Throws ‘Inflation Reduction’ Party with James Taylor As Stocks Crash Over Dismal 8.3% Rate…
“Democrats have spent our economy into disaster and now they’re partying while families pay,” said Senate Minority Leader Mitch McConnell as the Biden White House claims that prices are “essentially flat.”..
Futures Fall, Yields and Dollar Jump Ahead of Highest CPI in 31 Years…
For the third day in a row, early weakness in futures – in this case as a result of China’s soaring, record producer price inflation – reversed and spoos rose from session lows but were still down on the session as traders awaited inflation data due later on Wednesday…
Inflation Soars 6.2% – Its Highest in 30 Years – As Price of Gas Jumps 59% and Meat 24%: Experts Predict President’s $1.2T Infrastructure Will Make Cost of Living Even Worse…
Inflation has reached its highest point in 30 years, as prices of everyday consumer goods rose 6.2 percent in October, with President Joe Biden’s $1.2 trillion infrastructure plan expected to make things worse…
Jen Psaki Tells Stunning and Dangerous Lies About Transitory Inflation, Claims Price Increases Will Stop – They Won’t…
In her statements today, Psaki referenced people comparing the prices of 2021 consumable goods to 2020 and 2019. Within the statements, the scale of falsity is off the charts…