Mortgage rates hit 2-month high after week of sticky inflation data
Mortgage rates rose to a two-month high after government data released this week showed producer and consumer prices in January were higher than expected, prompting the Federal Reserve to The outlook for interest rate cuts in the near future has further diminished. The average interest rate on a 30-year fixed mortgage reached 7.14%, Friday’s announcement […]
Inflation Threatens to Disrupt Rate Cut Plans
A warning thread for Wall Street In the grand tapestry of economic indicators, producer price index (PPI) is often overlooked. But this month, the warp and woof of producer prices emerged in bold colors, painting a vivid picture of inflation rising like a phoenix from the ashes. index of Final demand producer prices rose by […]
Wholesale prices jump more than expected to stoke inflation fears
U.S. producer prices rose more than expected in January as the cost of services such as hospital outpatient care and portfolio management rose sharply, raising concerns that inflation is accelerating after several months of cooling. has increased. The increase announced by the Labor Department on Friday was the largest in five months. The report was […]
More Bad Inflation News – Wholesale Prices Rise
The Pro-Trump News homepage sees 60 new headlines every 24 hours. Click here to take a look. Joe Biden’s economy is a disaster. Wholesale prices rose 0.3% in the month, but economists had expected a rise of just 0.1%. CNBC reported: Wholesale prices rose more than expected in January, further complicating the inflation picture, according […]
Producer Price Inflation Rips Higher
A key inflation measure jumped in January, confirming earlier data showing prices for U.S. goods and services rose at a faster pace as the new year began. The final demand producer price index, a broad measure of the prices paid for goods and services produced by U.S. businesses, rose 0.3% from a month earlier, the […]
Wholesale inflation accelerates more than expected in January
Former Assistant Secretary of the Treasury Monica Crowley talks about the strain inflation is having on the middle and lower classes on “The Bottom Line.” Wholesale-level inflation was much higher than expected in January, highlighting the challenge of containing price pressures within the economy. The Labor Department announced Friday that it will measure the producer […]
We’re on the Cusp of a Historically Long Inflation Surge
Insidious progress of inflation Inflation was never going to go back to what it used to be. scary ending of horror movie, after finally relaxing, bursts through the window and grabs us by the throat. Returns have always been insidious, like crawling through the supermarket aisles trying to drain our wallets. Although markets were caught […]
Retail Sales Fall As Inflation Pushes Americans To Spend More On Food, Less on Cars and Appliances
After the big Christmas shopping spree, Americans refrained from making big purchases, especially those that are usually financed with debt. Retail sales in January decreased by 0.8% from the previous month. Economists had expected a modest 0.1% decline. Despite the decline, sales increased 0.6% year over year. The harsh winter weather likely contributed to the […]
Biden’s Inflation Eating Away At American’s Wages
The Pro-Trump News homepage sees 60 new headlines every 24 hours. Click here to take a look. Democrats and the media want us to believe that Bidennomics is working, but recent analysis tells a different story. A recent Daily Call analysis found that Mr. Bidet’s inflation is eating into Americans’ wages. Average hourly wage in […]
Surging auto insurance costs are fueling higher inflation
Former Assistant Secretary of the Treasury Monica Crowley talks about the strain inflation is having on the middle and lower classes on “The Bottom Line.” Rising auto insurance premiums are fueling high inflation and continuing to put financial pressure on millions of households across the country. Consumer prices rose 0.3% Labor was up 3.1% in […]