Mortgages and other interest rates are rising and likely to keep going up with the Federal Reserve ending easy-money policies adopted during the pandemic.
Newsfeed: The Fed got inflation badly wrong — and now it admits there’s no quick fix Read More »
Santelli sums up Democrats in 20 seconds …
Newsfeed: Rick Santelli nails it… Read More »
U.S. consumers paid more for a variety of goods and services in February compared to the prior month and year, with prices climbing across the economy amid lingering supply and demand imbalances.
Newsfeed: Inflation sets fresh 40-year high: February CPI rises 7.9% over last year Read More »
Consumer prices rose 7.9% in February, as compared to the same month in 2021, according to data from the Labor Department released in January.
With the Biden administration already setting the narrative yesterday that today’s inflation print could be ‘high’, and expectations for a headline print of +7.9% YoY (from +7.5% YoY in January), the bar was high for any surprises and the headline print came in right in the dot at +7.9% YoY – the highest since Jan 1982.
Newsfeed: US Consumer Prices Are Rising At Their Fastest Pace In Over 40 Years Read More »
The Fed took an unprecedented as well as illegal action on Russia that constitutes economic warfare and may easily start a currency crisis or something even worse.
Newsfeed: Unprecedented Fed Action May Have Just Started a Global Currency Crisis Read More »
President Joe Biden signed an executive order on Wednesday mobilizing the federal government to create a strategy for digital assets like cryptocurrencies that promotes innovation in the industry while minimizing risks to Americans and the global financial system.
The global economy had only just begun to recover from the pandemic when Putin decided to invade Ukraine, sending oil prices soaring.
Newsfeed: Brace For High Oil Prices, Inflation, And An Economic Slowdown Read More »
One-year U.S. inflation expectations have rocketed higher since Russia’s invasion of Ukraine and the longer-term outlook has begun increasing as well, a development likely to be watched closely by the Federal Reserve as it battles to keep price pressures under control.
Newsfeed: New index shows U.S. inflation expectations shifting higher Read More »