On Thursday, the Labor Department announced that the Producer Price Index () surged 1.1% in May and 6.5% in the past 12 months. Economists were expecting the core PPI to be even higher, so the fact that the came in below economists’…
Travel bans, visa denials, safety fears, and record-high ticket prices are suppressing World Cup attendance--and threatening both FIFA's promised $40 billion windfall and a U.S. tourism industry that was already struggling before the…
Billionaire Bill Gates testified in a closed-door hearing before the House Oversight Committee on Wednesday about his relationship with Jeffrey Epstein. Gates, the co-founder of Microsoft and one of the world's most prominent…
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As far as I can tell right now, inflation is transitory, and the will still be cutting later this year. The Labor Department announced on Wednesday that the Consumer Price Index (CPI) rose 0.5% in May and 4.2% in the past 12 months. The…
While US headline inflation was lifted by sharp and airline fare increases, other components were better behaved, leading to a softer-than-anticipated core inflation print. June’s inflation rate should be pulled lower by a reversal in…
Simple math suggests that tomorrow’s for May will likely continue to show high inflation. To compute CPI, the BLS measures during the first three weeks of the reference month. Thus, May CPI will capture gasoline prices from roughly May…