PA food supplier warns Americans affected by inflation are becoming ‘resistant’ to higher prices
Inflation dug deeper into residents’ wallets in the Keystone State last year than in any other state, and a Philadelphia-based food vendor warns the battle may not be over yet. . “We always have enough product and are always focused on providing the right product for our customers,” said Mike Watson, head of buyer sales […]
PA food supplier warns Americans getting squeezed by inflation are becoming ‘resistant’ to higher prices
FOX Business’ Jeff Flock reports from the Philadelphia Agricultural Processing Center. Inflationary costs are hurting business in Philadelphia. Inflation dug deeper into residents’ wallets in the Keystone State last year than in any other state, and a Philadelphia-based food vendor warns the battle may not be over yet. . Mike Watson, head of buyer sales […]
Gold prices find support above $2,000, but still rangebound on rate woes By Investing.com – Investing.com
©Reuters Investing.com — Gold prices rose in Asian trading on Monday, extending a rebound from one-month lows after recently breaking below a key support level, but prices dipped on worries about longer-term US interest rates. It stayed mostly within range. The yellow metal briefly fell below $2,000 an ounce in early February as better-than-expected U.S. […]
Ignore gold and focus on silver as prices rally 7% from support – KITCO
(Kitco News) – Rising inflationary pressures are hitting the gold market. Despite the many criticisms leveled at the precious metal, it continues to have significant support, at least for now, according to some analysts. Gold ended its second week in negative territory, but entered the weekend well off its lows after holding a key support […]
Producer prices and consumer prices both came in hot in January
Wholesale and retail prices rose more than expected in January, with data showing stubborn inflation and the Federal Reserve potentially holding off on cutting interest rates. The producer price index (PPI), which measures how much businesses pay each other for goods and services, rose 0.3% in January, beating expectations of 0.1%. Service prices rose 0.6% […]
Gas prices jolted up by 12 cents as Indiana oil refinery remains closed: AAA
Ohio saw the biggest increase of 30 cents. (iStock) Gasoline prices have hit their highest jump in recent months. Last week’s average price was $3.27, an increase of 12 cents from the previous week. AAA report found. The current national average gas price is 21 cents higher than this time last month, but 14 cents […]
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 […]
Mortgage interest rates jumped up this week, along with prices: Freddie Mac
Although interest rates and the number of home listings are rising, potential buyers are feeling anxious about making a purchase. (iStock) Potential homebuyers may need to wait a little longer until interest rates drop below 6%. The average mortgage rate for a 30-year fixed-rate mortgage rose to 6.77% this week. Freddie Mac reported. Last week’s […]
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 […]
Desperate Car Dealers Slashing EV Prices to Try and Boost Sales
Damn it. Do you want to buy a new electric vehicle (EV)? No, neither do I, but some people do, and desperate automakers are cutting prices by up to a quarter to move inventory. I am being welcomed by the dealer. This Is Money report According to market analysis by What Car?, the average discount […]