Which devalued the yen by a Third-Worldish 30% against the USD in two years as other central banks hiked in big increments and started QT. By Wolf Richter for WOLF STREET. Scraps NIRP. Citing “the virtuous cycle between […]
The U.S. Energy Information Administration published the March edition of its Short Term Energy Outlook on Tuesday, forecasting average residential electricity prices next year to reach their highest level in almost three decades. Residential customers will pay […]
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 […]
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