Updates – Inflation

US inflation powering ahead in October, inflation cooling

December 1st, 2022|

Lucy Nicholson ReutersDecember 1, 2022 U.S. consumer spending increased solidly in October, while inflation moderated, giving the economy a powerful boost at the start of the fourth quarter as it faces rising headwinds from the Federal Reserve's aggressive monetary policy tightening.The labor market, the economy's other pillar of support, continues to show resilience. The number

Reasons Are Adding Up for Optimism on Inflation

November 7th, 2022|

John Authers BloombergNovember 6, 2022 Reasons to Be CheerfulWelcome to Inflation Week. In the US, the week ahead will be punctuated by widespread school closures on Tuesday for midterm elections, by what could well be another drawn-out vote-counting process, and by Veterans Day (Armistice Day in the UK) on Friday. The big moment for financial

Fertilizer Prices Fall as Gluts Emerge After Farmers Pull Back

October 18th, 2022|

Elizabeth Elkin and Tarso VelosoBloombergOctober 18,2022 US, Brazilian growers are pulling back on nutrient purchases Some prices still trading nearly five times historical average (Bloomberg) --Fertilizer prices are falling as farmers balking at the high costs of nutrients hold off on purchases, driving down demand and causing gluts that are upending the market for crop

US Immigration Rebounds But Remains Far From Plugging Labor Gaps

October 18th, 2022|

Jonelle Marte and Augusta SaraivaBloombergOctober 5,2022 Pandemic, visa-processing slowdown spurred new-worker dropoff - Lack of labor triggered wage increases, adding to inflation(Bloomberg) --Immigration to the US is rebounding after a sharp two-year slowdown, but the pickup is unlikely to plug the pandemic-induced gap in new arrivals amid persistent employee shortages in industries reliant on foreigners.Nearly

US Job Openings Drop to 14-Month Low in Welcome Sign for Fed

October 6th, 2022|

Reade Pickert Bloomberg October 4, 2022 Vacancies declined by 1.1 million in August, most since 2020 There are some 1.7 openings per unemployed worker, down from 2 US job openings plummeted in August by the most since early in the pandemic, likely a welcome sign for Federal Reserve officials as they seek to cool demand

US Services Growth Remains at Solid Pace, Price Pressures Ease

October 5th, 2022|

Augusta Saraiva Bloomberg October 5, 2022 Measures of business activity, orders softer but elevated Index of service provider employment highest in six months Growth at US service providers remained firm in September, reflecting solid business activity and orders, while a measure of prices fell to the lowest since the start of 2021. The Institute for

The Fed is dragging the US into a recession to cool surging prices. Most Americans expect inflation to die down on its own.

September 27th, 2022|

Ben Winck Business Insider September 27, 2022 The Fed is pushing the US into a recession to cool inflation. It might not be necessary. Inflation expectations have been falling since the spring, signaling there's little chance of a 1980s-like price surge. Raising rates out of fear that expectations will rebound is "irresponsible," a former Fed

US Producer Prices Fall for a Second Month as Fuel Costs Retreat

September 16th, 2022|

Wednesday, September 14, 2022 05:38 AM Source: Bloomberg by Reade Pickert A measure of US producer prices fell for a second month in August as fuel costs continued to retreat, though an underlying measure of wholesale costs firmed in a sign of persistent inflation in the production pipeline. The producer price index for final demand decreased 0.1%

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