US producer prices rise moderately in December
“Kudlow” panelists E. J. Antoni and Jim McLaughlin unpack Trump's efforts to prioritize tax cuts. Although U.S. producer prices rose modestly in December, the recovery in the labor market is unlikely to change the Fed's view that it will not cut interest rates again in the second half of this year. The final demand producer […]
Australian Dollar rebounds from five-year lows due to strong commodity prices – FXStreet
The Australian dollar has rebounded from US$0.6131, its lowest level since April 2020. The Australian dollar is supported by solid commodity prices, with improved market sentiment. The US dollar is being supported by an increasing probability that the Fed will keep interest rates unchanged in January. The Australian dollar (AUD) rose for the second day […]
Gold prices edge higher amid speculation over rates, Trump tariffs – Investing.com
Investing.com — Gold prices rose slightly in Asian trade on Tuesday, stabilizing after overnight losses as traders speculated on how tough trade tariffs President-elect Donald Trump plans will be. did. Markets are also awaiting further clues on US interest rates from key inflation data released this week, with the dollar hovering near a two-year high […]
Breakfast food prices continue to soar
Omaha Steak President and CEO Nate Lempe joins Maria on Mornings to discuss the company's success and rising meat prices. Rising food prices have taken a toll on American household budgets in recent years, and although overall inflation has eased, the prices of some foods, particularly breakfast staples, continue to soar. “At the end of […]
NY’s Kathy Hochul to unveil ‘cap and invest’ plan critics warn could send gas prices soaring 12 cents per gallon
It's starting to feel like an Empire State battle for drivers. Gov. Cathy Hochul is expected to announce a push to fight pollution in her State of the State address on Tuesday, and critics say it could make it more expensive to heat homes and push gas prices up as much as 22 cents a […]
Gold News: Trump Policy Risks Drive Prices Higher Despite Treasury Yield Spike – FX Empire
Will strong jobs numbers force the Fed to keep interest rates on hold? Nonfarm payrolls exceeded expectations in December, increasing by 256,000 compared to economists' expectations of 160,000. The unemployment rate fell to 4.1% and average hourly wages increased by 0.3%. This strong performance made it less likely that the Fed would cut rates immediately, […]
Lame Duck Biden Imposes New Russian Sanctions Now That Energy Prices, Ukraine War Escalation Won’t Hurt Dems
The Biden administration announced major sanctions on Russia's energy sector on Friday, adding to heightened tensions with Russia in the final days of the administration as further energy inflation cannot hurt Democrats politically in the short term. There is. The measures announced Friday are the Biden administration's “most significant” sanctions targeting Russia's energy sector to […]
Trump’s Greenland tariff plan could raise prices for Ozempic, Legos
President-elect Donald Trump's threat to impose tariffs on Denmark to force it to abandon Greenland could lead to higher prices for popular weight-loss drugs Ozempic, Wigobee and Lego toys, according to a report. On Monday, President Trump said he would impose “very high tariffs” on Denmark if it did not admit the icy autonomous region […]
Prices of top 25 Medicare Part D drugs have nearly doubled, AARP study finds – CNBC
Morsa Images | Digital Vision | Getty Images According to one study, the list prices of the top 25 prescription drugs covered by Medicare Part D have nearly doubled on average since they first went on the market. New AARP Report. What's more, interest groups representing Americans over 50 say their price increases are often […]
California restaurants scrambling to stay afloat amid sky-high egg prices
A bird flu outbreak on a California farm is causing a massive egg shortage, and local restaurant owners are struggling to stay afloat amid rising costs, according to a report. Egg prices have soared to nearly $9 per dozen, a whopping 70% year-over-year increase. Data from the US Department of Agriculture. The situation is so […]