Producer prices—the wholesale prices factories and service companies charge for their wares—rose 0.4 percent in January from December, compared to the 0.3 percent forecast economists had made in a Dow Jones poll.
Tag: inflation
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U.S. RETAIL SALES DROP MOST IN TWO YEARS
Last month, U.S. consumers spent 0.9 percent less than in December, the commerce department reported, the largest one-month drop since March 2023.
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AN INFLATIONARY NIGHTMARE IS RAPIDLY APPROACHING—AND AS OF NOW, THERE IS NO WAY TO STOP IT
While everyone is as usual being directed to “look over here, do not look over there,” via the mainstream media outlets and the geo-political goings on, an inflationary tsunami—(LITERALLY on an unprecedented scale), is rapidly approaching.
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BANK OF ENGLAND CUTS INTEREST RATE, ALSO GROWTH FORECAST
The Bank of England (BoE) has cut its 2025 growth forecast in half, projecting a 0.75-percent expansion of the U.K.’s GDP this year, not the 1.5 percent it had forecast earlier.
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U.S. CONSUMERS FEELING LOW
Early this month, U.S. consumers’ sentiment fell to its lowest point since August as more Americans expect inflation to rise again because they believe Donald Trump’s tariffs will jack up retail prices.
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JOB GROWTH AND UNEMPLOYMENT SLOW DOWN IN JANUARY
The U.S. economy created 143,000 nonfarm jobs last month, less than half of the 307,000 created in December, according to the Bureau of Labor Statistics’ upwardly revised December figure.
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ECB CUTS INTEREST RATE AGAIN
On 30 January, the European Central Bank (ECB) cut interest rates on Thursday for the fifth time since June, dropping its rate on deposits to 2.75 percent and its marginal lending rate to 3.15 percent.
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FED STANDS PAT ON INTEREST RATES
At its meeting last week, the U.S. Federal Reserve’s Open Market Committee decided to hold its interest rates at their current levels amid a strong economy and labor market and inflation that refuses to surrender to the bank’s 2-percent target rate.
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CONSUMER CONFIDENCE DROOPS AGAIN IN JANUARY
Consumers’ view of the present and future economy fell more than economists expected last month, according to a January survey by the Conference Board (CB).
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GERMAN, U.K. ECONOMIES SHOW NEW DANGER SIGNS
From 1 September through November, the U.K.’s jobless rate edged up from 4.3 percent to 4.4 percent, its highest since 2021, the Office of National Statistics reported.