The prices suppliers charge factories for raw materials added 0.4 percent last month after falling in July and August, the U.S. labor department reported, a sign that inflation may still have more room to rise.
Tag: U.S. economy
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RETAIL SALES FALL IN REAL TERMS IN SEPTEMBER
The dollar value of U.S. retail sales remained flat from August through September, according to revised figures from the commerce department that erased an initial estimate of 0.4-percent growth.
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CORE INFLATION SETS ANOTHER 40-YEAR RECORD
In September, U.S. core inflation—which excludes the cost of food and energy—rose 6.6 percent, year over year, the sharpest annual jump since August 1982, the U.S. labor department reported.
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HEDGE FUNDS BET ON THE BUCK
The U.S. dollar has gained 18 percent in value this year against six other major currencies, rising with the U.S. Federal Reserve’s interest rate. As a result, the buck is poised to record its biggest annual gain on record.
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MOST AMERICANS LIVING PAYCHECK TO PAYCHECK, NEW STUDY FINDS
Six in ten Americans live from one paycheck to the next, slightly more than the 55 percent who reported a hand-to-mouth existence 12 months earlier, according to a new survey by LendingClub, an online loan company.
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ECONOMIC UPDATE – MARKET OVERVIEW
When the “officials,” “dignitaries,” “experts” and “authorities” speak... all the little boys and girls who call themselves men and women listen to, believe and do what they are told.
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AMERICANS DRAIN THEIR SAVINGS TO KEEP SPENDING
U.S. households built up a cash cushion of about $2.1 trillion during the COVID War, when the national savings rate soared as high as 30 percent of income as many Americans stashed their federal stimulus payments into their savings accounts.
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AUGUST JOB OPENINGS A MILLION LESS THAN IN JULY
In August, the number of open jobs fell to just under 10.1 million, about 1.1 million fewer than in July but still leaving 1.7 jobs available per unemployed worker, CNBC noted.
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JOB MARKET LOSES MOMENTUM BUT REMAINS STRONG
The U.S. economy sprouted 263,000 new jobs in September, the U.S. labor department reported.
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U.S. MARKETS MAY BREAK POST-MIDTERM STREAK, ANALYSTS SAY
After each of the last 40 midterm elections, the Standard & Poor’s 500 has gained an average of 15 percent in the following 12 months on a sense of clarity about short-term tax, fiscal, and economic policy, The Wall Street Journal reported.