The cost of imported goods jumped two percent as American buying power dimmed further amid the biggest jump in inflation in 40 years, Department of Labor data showed Wednesday. This was the biggest jump in import prices in 11 years
The majority of manufacturers facing Omicron wave supply disruptions expect problems to persist for seven to nine months, a study from the New York Fed indicates.
December’s big inventory jump was likely an unintended effect of sales unexpectedly falling.
The Atlanta Fed’s measure of business inflation expectations increased significantly in February.
Cold weather boosted utilities output in January as demand for home heating climbed.
No signs that inflation may ease soon.
Truck freight prices are up 18.3 percent compared with a year ago.
Inflationary pressures show no signs of letting up, raising the odds that the Federal Reserve may ratchet up interest rates even faster than anticipated. The Department of Labor’s Producer Price Index showed that prices rose one percent in January, twice
The Producer Price Index shows the economy is still in the grips of the greatest inflationary surge in decades.
The first decline in expectations since October 2020.
Early hopes that inflation would stay confined to a few categories experiencing bottlenecks have been crushed.
The Fed Board regularly meets in secret. This year there is heightened scrutiny as the Fed prepares to begin a series of rate hikes.
American families brace for higher prices on food and drinks at this year’s Super Bowl parties.
Twenty-six percent of consumers expect their financial prospects to worsen, the highest level of negative sentiment in four decades.
Bidenflation is devouring wage gains, leaving American families worse off.
It’s not just the price of food on the kitchen table. The price of the table itself is up nearly 20 percent!
Much worse than expected.
She will be the first black woman to head a regional Federal Reserve bank and the first black president of the Boston Fed.
“It sure doesn’t look transitory to me,” Chipotle’s CEO Brian Niccol said.
Biggest seizure of financial assets in U.S. history.
A Wall Street financier worth billions, courtesy of the free market system, is funding courses in Marxism-Leninism and a program that preaches the superiority of Chinese communism.
And they wonder why the ports are clogged.
The share of small businesses raising prices hit the highest level since 1981.
“If 2008 was a financial crisis, this is a molecule crisis,” Goldman’s Jeff Currie said. “We are out of everything. I don’t care if it’s oil, gas, coal, copper, aluminum, you name it we’re out of it.”
Gasoline prices have surged higher as winter weather has enveloped much of the U.S. and escalating tensions with Russia have helped push up the price of oil. The price of Brent, the global benchmark fell by nearly half a percentage
Fannie Mae’s survey found that the optimism of younger Americans declined in January.
A great jobs number for January disguised the fact that omicron sidelined a record 8.75 million workers in January.
The American economy is showing signs of immunity to the pandemic but the threat of inflation looms as average hourly wages climb by more than expected.
Inflation masked an even larger contraction in manufacturing at year-end.
Productivity made strong gains in the fourth-quarter but inflationary forces are still pushing up costs.
Matching the second worst month ever recorded in small business ADP payroll data.
January looks like it was a disaster for jobs.
Spending inched up while costs soared, indicating that real output in construction may be falling.
Don’t believe the hype about a Great Resignation. Something deeper is happening.
Inflation, omicron-linked absenteeism, and weaker demand all hurt growth in the first month of 2022.
Inflation expectations keep rising all over the country.
Raphael Bostic said that all seven meetings this year are “live” and all options on the table.
Consumer sentiment sank in January to the lowest level since 2011.
Prices are rising faster than income, leaving Americans worse off.
Another regional Fed survey shows mounting inflationary expectations.