Headlines
Producer prices drop 0.2 in May as dollar strengthens, is a correction coming?
By Robert Romano Producer prices fell 0.2 percent in May, led by a 5.4 percent drop in energy, according to the latest data from the Bureau of Labor Statics, and following 0 percent change in consumer prices reported a day…
Was Bernie lying or ignorant?
A quote from Bernie Sanders: “Sea level rise due to climate change will destroy up to 70 million homes over the next 30 years. Trump thinks that’s good because we’ll ‘have a little more beachfront property.’ He will sacrifice…
FOMC Holds Rates, Revises Forward Guidance
"Just as the FOMC was slow to adjust policy when inflation surged in late 2021, it will be slow to adjust policy as inflation returns to and falls below its target in 2024." ~William J Luther
Prices Stable in May: Time to Cut Rates?
"M2, the most commonly cited measure of the money supply, is up 0.53 percent from a year ago. Since real income and population are growing faster than this, current M2 growth also suggests money is tight. But this is…
FOMC Holds Rates As Expected, Dot-Plot Shifts More Hawkish In 2024
Tl;dr: there were 10 Fed members who saw rates at 4.625% or below by end 2024 in March... now there are none...June Dots summary:No Cuts: 4 (2 in March)1 Cut: 7 (2 in March)2 Cuts: 8 (5 in March)3 Cuts: 0 (9 in March)4 Cuts:…
Elliott Management May Force Southwest To Abandon ‘Bags Fly Free’ Policy
With activist hedge fund Elliott Management in the pilot's seat at Southwest Airlines, the budget airline's popular "bags fly free" policy is under scrutiny.If Paul Singer gets his way, the airline's…
FOMC Preview: From Three Rate Cuts To Two
Coming just hours after the May CPI print, tomorrow's - and the month's - main event is the FOMC decision due at 2pm ET, when the Fed is widely expected to leave rates on hold at 5.25-5.50%, and the statement will…
MSNBC’s Maddow Says She’s Worried Trump Will Put Her In A Concentration Camp
Authored by Steve Watson via Modernity.news,MSNBC performative hack Rachel Maddow has declared that she is worried that if Donald Trump becomes the president again he’s going to round her up and throw her in a concentration…
AIER’s Everyday Price Index Unchanged in May 2024
"The recent data, combined with the deceleration in core CPI in April, suggests the resumption of disinflation. But policymakers have indicated a need for several months of reduced price pressures before considering…
As inflation remains unchanged in May, Biden administration projects unemployment benefits to surge 75 percent in 2024 to $52.5 billion
By Robert Romano Consumer prices were unchanged at 0 percent in May after a 2 percent drop in energy prices, with annual inflation the past 12 months now down to 3.3 percent from its June 2022 peak of 9.1 percent, according…
