President Joe Biden blames grocery stores for continued high prices
President Joe Biden took aim at grocery stores, accusing them of “ripping people off” with high prices as inflation continues. President Biden’s remarks were made during a speech at South Carolina’s first banquet in Columbia, South Carolina. “Inflation is coming down. The United States now has the lowest inflation rate of any major economy in […]
Why gold prices are likely to reach a record high this year – MarketWatch
Gold prices ended Thursday higher despite the Fed’s hawkish stance on monetary policy. Analysts were focused on a “confluence of factors” that could push gold prices to or above record highs. Adam Koos, president of Libertas Wealth Management Group, said the US central bank’s latest announcement sent a “ripple” through the gold market. Gold futures […]
Home prices in some cities trended down in November: Case-Shiller
Home prices fell slightly in November, but rose year over year. (iStock) House prices edged towards more affordable prices in November, ending a months-long upward trend, according to the latest figures. S&P CoreLogic Case Shiller Index Report. This report provides an index of U.S. home prices in major metropolitan areas. Nationwide, home prices fell month-over-month […]
US home prices hit a new record high in November
Cheryl Palmer, CEO of Taylor Morrison, spoke on ‘The Claman Countdown’ about the headwinds facing the housing market following a decline in existing home sales in August. Home prices rose for the 10th consecutive month in November as housing inventory remained at a tight level. Nationally, prices rose 5.1% year over year in November, the […]
Home Prices Hit Record High
Home prices rose for the 10th straight month in November, hitting a record high, a closely watched housing market barometer showed on Tuesday. The S&P CoreLogic Case-Shiller 20-city home price index rose 0.1% in November from the previous month. Compared to the previous year, the index rose by 5.4%. This is a larger increase than […]
US shoppers set to see meat prices fall thanks to renewable energy
Inflation-battered grocery shoppers are about to get a much-needed drop in meat prices, thanks to a boom in the renewable fuel industry. Processing soybeans to produce sustainable fuels is becoming increasingly common, and a by-product called soybean meal is produced in large quantities. As a result, soybean meal, the main ingredient in animal feed, has […]
Slumping EV Demand Partially Due to Higher Prices, ‘Confusing’ Tax Incentives
On Friday’s broadcast of CNBC’s “Squawk Box,” Energy Secretary Jennifer Granholm said part of the reason for the slowdown in demand for electric vehicles is that they are more expensive than gasoline-powered vehicles and “there is a confusing market for tax incentives.” said. ” asked co-host Andrew Ross Sorkin.[T]There’s obviously been a huge push from […]
Market analysts and retail investors await Fed's direction on gold prices – Kitco NEWS
(Kitco News) – Gold prices moved in a narrow $10 range this week between $2,016 and $2,025, with little reaction to even the most important data releases and corporate earnings reports. Latest Kitco News Weekly Gold Survey shows institutional professionals and retail traders remain cautious, forecasting a pivotal week for central banks and employment data […]
Gas prices remain stagnant as demand drops: AAA
Gasoline prices are almost unchanged from last week. (iStock) According to sources, gas prices fell to an average of $3.07 per gallon over the weekend, but have since leveled out to an average of $3.10. AAA report. This average price is just 1 cent higher than last week's average and 2 cents lower than last […]
Fed’s Favorite Inflation Gauge Shows Prices Rising Again
A key U.S. inflation measure showed prices rose again in December, suggesting that the respite in price increases seen the previous month was short-lived. The personal consumption expenditure price index rose 0.2% month-on-month, in line with expectations and up from -0.1% in November. This is the largest month-on-month increase in the PCE price index since […]