September inflation was recorded at 3.9%, aiding in the determination of Social Security’s 2027 cost-of-living adjustment.
Today marks a significant moment for Social Security: the announcement of the cost-of-living adjustment (COLA). The only other day that might rival this is when the COLA takes effect in January. Starting next year, those receiving Social Security will see a 3.6% increase in their monthly benefits, which is 0.8% more than this year’s adjustment. […]
Inflation Soars and AI Debt Encounters Challenges
Welcome back to Friday! Here’s the latest edition of the weekly business wrap. This past week was all about inflation in America. The consumer price index climbed 0.6 percent, largely thanks to drivers paying over $4 for gasoline. Meanwhile, the producer price index saw a rise of 1.3 percent, reminding us of its past name, […]
Business Update: Inflation Is Widening
Inflation Has Escaped the Gas Station September’s inflation reports highlight a significant increase in gasoline prices, but unfortunately, it seems that inflation is picking up pace beyond just the energy sector. The Labor Department announced on Thursday that the producer price index (PPI) surged by 1.3 percent last month, marking the largest spike since March […]
September CPI: Inflation rose as energy costs impacted consumers
The Big Money Show recently talked about comments from JPMorgan Chase CEO Jamie Dimon, who expressed concerns regarding the U.S. economy. The discussion covered various economic risks, the challenges posed by high interest rates, and ongoing inflation issues. Details on the September CPI inflation report will be added as they become available. Inflation increased in […]
Dollar Index rises slightly before US inflation report
The US Dollar (USD) has managed to recover some of the losses it experienced earlier, showing a slight increase as the release of the Consumer Price Index (CPI) data for September approaches, set to be unveiled at 12:30 GMT. During European trading hours, the US Dollar Index (DXY), which gauges the USD’s strength against six […]
Stock futures show varied directions as investors anticipate the consumer inflation report: Live updates
Market Update: Mixed Stock Futures as Investors Anticipate Inflation Data As of early Wednesday, U.S. stock futures showed a mixed response. Investors were keenly awaiting the upcoming consumer inflation report for September, which is set to be released later in the day. The S&P 500 futures were up slightly by 0.21%, while Nasdaq-100 futures remained […]
New Zealand Dollar declines as Middle East conflict raises inflation concerns.
NZD/USD Market Overview NZD/USD has remained relatively flat for the second day in a row, hovering around 0.5610 during the Asian trading session on Monday. This slight decline in the currency pair comes as the New Zealand Dollar (NZD) faces challenges, with traders keeping an eye on the ongoing conflict in the Middle East and […]
Gold approaches $4,200 as low confidence balances out persistent inflation concerns
Gold and Silver Prices Rise in Late U.S. Trading Spot gold and silver prices saw significant gains in late U.S. trading on Friday. A weaker dollar earlier in the day, a retreat from the week’s extreme Treasury yields, and some bargain hunting helped the metals bounce back from a selloff earlier in the week. At […]
The Fed’s Tariff Calculations Don’t Equal Inflation
The Fed’s Tariff Study Assumes Its Own Conclusion The New York Fed recently released a paper authored by Mary Amiti and her team, discussing the impacts of tariffs. This paper has been interpreted by many as evidence that tariffs have led to increased consumer prices, with some reports suggesting that tariffs caused goods inflation to […]
Euro reaches new two-month low against British Pound following strong Eurozone inflation figures.
The Euro (EUR) is experiencing a downturn against the British Pound (GBP) this Friday, having reached new lows not seen in two and a half months, hovering just above the 0.8500 mark. This decline represents a weekly drop of over 1%. A troubling mix of rising inflation in the Eurozone, elevated oil prices, and increasing […]