Have you seen the price of eggs these days? It is not exactly an egg-citing time at the supermarket when you are living paycheck to paycheck. In fact, it is egghausting when you realize that you need to take out a buy now pay later loan to buy a carton of a dozen eggs. Heck, […]
Inflation
December jobs report shows a slowing U.S. economy; 8 million people working multiple jobs to survive
The goldilocks jobs report sent a thrill down the leg of investors as the financial markets recorded an exceptional rally. All of the leading benchmark indexes were up more than one percent. The metals markets rallied, energy commodities posted gains, and crypto enjoyed a boost. Why? The U.S. economy added 223,000 new jobs in December, […]
December inflation expected to ease to 6.7%, Philly Fed’s Nowcast shows
The U.S. annual inflation is expected to ease further in December. According to the Federal Reserve Bank of Cleveland, the Nowcast model suggests the consumer price index slowed to 6.7 percent in December, which would be down from 7.1 percent in November. The core inflation rate, which eliminates the volatile energy and food sectors, likely […]
WATCH: Jerome Powell’s post-FOMC press conference
The Federal Reserve raised interest rates by an expected 50 basis points to a 15-year high of about four percent. The Federal Open Market Committee (FOMC) also published the latest dot-plot, which does not suggest inflation will rise any higher or the U.S. will slip into a recession next year, although the unemployment rate is […]
Peter Schiff: Currency crisis will exacerbate inflation crisis
Is a currency crisis upon us? The U.S. money supply has exploded since the COVID-19 public health crisis, with the Federal Reserve creating 40 percent of all dollars ever created in just two years. Put simply, the Eccles Building added trillions to the money supply, eviscerating Americans’ purchasing power. But it was not only Washington […]