The prices factories charge wholesalers and similar customers for their products were unchanged in July after falling 0.1 percent in June.
Tag: inflation
Post
U.S. RATE OF INFLATION SLOWS IN JULY
Despite the Iran War’s turmoil, U.S. inflation slowed to 3.4 percent last month after running at 3.5 percent in June and 4.2 percent in May.
Post
U.S. CONCESSIONS TO IRAN FALLOUT… OIL HIGHER. INFLATION RISK HIGHER. TREASURY YIELDS HIGHER
Let's cut right into this. The financial consequences and failure to capture a victory for the US in this war with Iran are just beginning to migrate from geopolitics… directly into markets.
Post
U.S. INFLATION RATE SLOWS SHARPLY IN JUNE
Inflation in the U.S. fell to 3.5 percent in June, year over year, dramatically slower than May’s 4.2 percent as the Iran ceasefire slashed oil prices and gasoline prices fell by about 10 percent, the biggest drop since 2022.
Post
U.S. CONSUMER PRICES RISE FASTEST IN THREE YEARS
U.S. inflation rose to 4.2 percent in May from 3.8 percent in April, reaching its highest rate since April 2023, according to data from the U.S. Bureau of Statistics.
Post
U.S. INFLATION WILL REACH 6 PERCENT THIS QUARTER, ANALYSTS SAY
The rate of U.S. inflation will reach 6 percent in this year’s second quarter, according to economists in the Federal Reserve Bank of Philadelphia’s 22 May Survey of Professional Forecasters.
Post
WAR’S ENERGY SHOCK WORSENS THE U.S. ECONOMIC DIVIDE
Since 28 February when the Iran War began, Americans have spent $45 billion more on gasoline and diesel fuel than they would have if fuel prices had remained at pre-war levels, according to data from the U.S. government and the Oil Price Information Service.
Post
U.S. INFLATION REACHED 3.3 PERCENT IN MARCH WHILE GROWTH SLOWED
In March, U.S. inflation jumped 0.5 percent from February to an annual rate of 3.3 percent, the U.S. commerce department reported. Core inflation – which filters out the costs of energy and food – rose to an annual rate of 2.6 percent, according to the U.S. Bureau of Labor Statistics.
Post
ECONOMIC UPDATE
As we continually note, there is no connection between Wall Street and Main Street.
Post
MORTGAGE RATE REACHES 6.46 PERCENT
Last week, the U.S. national average interest rate on a 30-year fixed-rate mortgage climbed to 6.46 percent, rising from 6.38 percent the week before to its highest level since September.