MUFG Bank forecasts a surplus of LNG supply by 2025, primarily driven by a surge in supply from the US and the Middle East, potentially leading to lower prices and the end of the energy […]
Olive oil costs across the bloc have been on the rise since mid-2023, according to Eurostat Olive oil prices have skyrocketed across the EU over the past year amid unfavorable weather conditions, which have […]
Over the three months through February, services inflation has been running at roughly the same hot rate as during the peak a year ago. By Wolf Richter for WOLF STREET. In the 20 countries that use the euro, […]
Gold prices rose by nearly 1.5% to a two-month high on Friday as disappointing US factory data and a drop in consumer sentiment reinforced bets on the possibility of interest rate cuts later in […]
Core services inflation dished up bad head fakes last time we had this mess in 1966-1982. Mention of a rate hike crops up in a Fed speech. By Wolf Richter for WOLF STREET. Over the past year or […]
Goldman Sachs Group Inc. Chief Executive Officer David Solomon said softer spending by consumers calls into question expectations that the US economy will avoid a recession. “The world is set up for a soft landing,” Solomon said at […]
Four decades of history say it’s not over until the 2-year yield overshoots the EFFR. It has undershot for a year, and inflation is taking off again. By Wolf Richter for WOLF STREET. Inflation surprised in 2023 with […]
Reheating services inflation isn’t a surprise. But the PPI for finished core goods saps hopes for goods “deflation” to continue to hold down overall inflation. By Wolf Richter for WOLF STREET. The Producer Price Index for final demand […]
Banks, governments, and businesses would face failure due to the essential role of fossil fuels in the economy. Critical infrastructure like electricity, internet, and trade systems would collapse without fossil fuel support. Agriculture and home […]
Consumer prices in the South American country have soared since the devaluation of the peso by the new government Annual inflation in Argentina hit a three-decade high of 254% in January even as the […]
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