Producer Prices Blow Out
Inflation that producers are experiencing is now blowing out. The surging input costs and the ability to pass on those higher input costs that have been reported by company executives as part of the services PMIs [Purchase Managers’ Index] and manufacturing PMIs, and that owners of small businesses have told me about for months, have now solidly fired […]
Oil prices tick down on worries about Chinese demand By Reuters – Investing.com
Investing.com — Gold prices rose in Asian markets on Tuesday, approaching new highs amid growing expectations that the Federal Reserve will start cutting interest rates from September. However, gold’s gains were limited by a firmer dollar, which strengthened on growing expectations that President Donald Trump will be re-elected. As of 00:46 ET (04:46 GMT), it […]
Gold prices edge lower as dollar firms after Trump attack – Investing.com
Investing.com — Gold prices were slightly lower at the start of Asian trading on Monday, holding near record highs but seeing little boost in safe-haven demand following the alleged assassination attempt on former U.S. President Donald Trump. The dollar recovered some of its recent losses on Monday as safe-haven buying supported it amid growing political […]
Monday morning open levels – indicative forex prices – USD a touch stronger – ForexLive
High Risk Warning: Foreign exchange trading involves a high degree of risk and may not be suitable for all investors. Leverage increases risk and loss. Before trading foreign exchange, you should carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some or all of your initial investment. Do not invest […]
Home Buyers Remain on Strike, Housing Market Still Frozen as Prices Are Too High, Mortgage Rates Still 7%
Estimated Reading Time: 2 minutes Powell to Congress: Higher rates are “the absolute best thing we can do for the housing market…” – “…particularly for younger people who are not yet in the housing market.” However we want to interpret this, it’s fascinating. Powell told Congress on Tuesday: “There’s no question that higher interest rates […]
Stamp prices skyrocket for second time in 2024
The United States Postal Service (USPS) will raise postage prices again on Sunday, its second increase in 2024 and tying the record for the largest price hike in history. Starting Sunday, first-class Forever stamps will cost 73 cents each, up 5 cents from the current 68 cents, or 7 percent. The only other time a […]
Home prices hit another high while mortgage rates drop slightly
Mortgage rates fell from 6.95% to 6.89% last week. (iStock) Mortgage rates continue to fluctuate, declining slightly from last week when average rates were close to 7%. The average rate for a 30-year fixed-rate mortgage was 6.89% as of July 11. Freddie Mac is. Currently, interest rates on 30-year mortgages are lower than they were […]
Gas prices: Costs increase for the third straight day
Gas prices increased again this week, marking the third straight day that the average cost for a gallon of regular gas went up. It costs $3.544 per gallon for regular gas on Thursday, according to AAA. This was slightly higher than yesterday’s price of $3.538 per gallon. Prices have increased nearly four cents per gallon […]
Gold prices steady above $2,400 as soft CPI data fuels rate cut bets – Investing.com
Investing.com — Gold prices were slightly lower in Asian markets on Friday but were still up sharply from the previous day’s trading after weaker-than-expected U.S. inflation data strengthened expectations of a rate cut in September. Gold prices benefited from a sharp drop in the dollar on Thursday, breaking through the closely watched $2,400 an ounce […]
How it started … How it’s going: Inflation down in June, but food, housing prices still up under Biden
“The Big Money Show” co-host Brian Bremberg breaks down the latest inflation data and discusses California’s $20 minimum wage hike. President Biden Though prices remain uncomfortably high for millions of Americans, the U.S. government celebrated a victory on Thursday after inflation fell to its first decrease in four years. The U.S. Department of Labor said […]