The federal government’s Bureau of Labor Statistics released new price inflation data today, and according to the report, September was yet another month of soaring inflation.
Treasury yields climbed on Monday as traders anticipated the Federal Reserve’s next moves in the face of persistently high inflation.
Newsfeed: 10-year Treasury yield jumps to 3.51%, the highest level since 2011 Read More »
Rent prices in the U.S. are rising at the fastest pace in decades, slamming U.S. households across the country, according to data from the Bank of America Institute.
Newsfeed: Surging rents squeezing middle-class Americans the hardest, study shows Read More »
While the annual pace of inflation in the United States eased slightly in July, a deeper dive into the numbers reveals that some of the categories that hit everyday Americans especially hard in the pocketbook have soared, with the price of groceries jumping to the highest level since 1979.
The Federal Reserve will probably have to inflict much more pain on the economy to get inflation under control. Growth is already slowing in response to the Fed’s repeated interest rate increases, with the housing market softening, technology companies curbing hiring and unemployment claims edging up.
Newsfeed: Fed to Inflict More Pain on Economy as It Readies Big Rate Hike Read More »
U.S. consumer prices accelerated 9.1% last month, the fastest annual pace since November 1981 and the hottest print of the current inflation cycle.
U.S. consumer prices accelerated 9.1% last month, the fastest annual pace since November 1981 and the hottest print of the current inflation cycle.
Newsfeed: Inflation surges 9.1% in June, most since November 1981 Read More »
Despite the Fed’s most aggressive interest rate hike since 2000, consumer prices continued to surge in May, adding to fears that inflation may be out of control. According to the U.S. Bureau of Labor Statistics, the Consumer Price Index for All Urban Consumers (CPI-U) increased 8.6 percent over the last 12 months before seasonal adjustment, the highest reading since December 1981.
Newsfeed: Americans Suffer Pay Cut as Inflation Outpaces Wage Growth Read More »
Federal Reserve Bank of St. Louis President James Bullard said that high readings on inflation still concern central bank officials, reinforcing the need for higher interest rates.
Our updated forecast includes an expectation of a modest recession in the latter half of 2023 as we see a contraction in economic activity as the most likely path to meet the Federal Reserve’s inflation objective given the current rate of wage growth and inflation.
Newsfeed: Inflation Rate Signals Tighter Monetary Policy and Threatens ‘Soft Landing’ Read More »