Every time it seems that gasoline prices could be heading lower, they start creeping up. According to the American Automobile Association (AAA), gasoline prices are $3.405 per gallon nationwide, up from $3.365 a week ago. While this is lower by more than six cents a month ago, they are could test this level in the […]
Republicans, Democrats try to stop Bidenflation; AOC still doesn’t understand root inflation cause
By: Andrew Moran Despite House Democrats still thinking that the war in Ukraine and auto part supply shortages caused 40-year high inflation, dozens of them joined the Republicans in holding President Joe Biden accountable for any efforts to exacerbate Bidenflation. At a time when inflation appears to be reaccelerating, will requesting greater scrutiny over fresh spending efforts by […]
Federal Reserve money supply falls nearly 2% for second straight month
How is the state of the U.S. money supply? The data continue to show that it is contracting. In fact, it has been on a downward trend since hitting a peak in February 2021. For the second consecutive month, the M2 money supply contracted by 1.8 percent in January, down from -1.05 percent. Here is […]
Egg prices still soaring across the country
So, are U.S. consumers getting any relief from the price of eggs? Not yet. The average price of eggs is approaching $5 nationwide, according to the Bureau of Labor Statistics (BLS). Here is a chart of egg prices over the last year: Geez. Can consumers catch a break from anything in the national economy? Not […]
Peak inflation or disinflation? Cleveland Fed Nowcast points to elevated inflation
The latest narrative on Wall Street is that inflation might not have peaked yet. Or, at the very least, the disinflation trend may be put on ice for the time being. With a couple of weeks until the much-anticipated February consumer price index (CPI) and personal consumption expenditures (PCE) price index, there is a look […]