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Inflation

Producer price index November 2024

by Merchant Moller
Producer price index November 2024

A measure of wholesale prices rose more than expected in November as questions percolated over whether progress in bringing down inflation has slowed, the Bureau of Labor Statistics reported Thursday. …

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If Trump wants to kill inflation, the first thing he needs to do is get more homes built

by Merchant Moller
If Trump wants to kill inflation, the first thing he needs to do is get more homes built

Homes under construction in Englewood Cliffs, New Jersey on Nov. 19th, 2024. Adam Jeffery | CNBC If President-elect Donald Trump is going to push inflation back down to a more …

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Why Donald Trump won’t be able to save the struggling US beef industry – The Mercury News

by Merchant Moller
Why Donald Trump won’t be able to save the struggling US beef industry – The Mercury News

Gerson Freitas Jr | (TNS) Bloomberg News He has manned the McDonald’s drive-thru, served Big Macs in the White House and peddled Trump Steaks on cable TV. But even a …

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California home-repair costs jump 40% in 5 years – The Mercury News

by Arthur Bolly
California home-repair costs jump 40% in 5 years – The Mercury News

“How expensive?” tracks measurements of California’s totally unaffordable housing market. The pain: California’s home-repair inflation rate has more than doubled during the past five years. The source: My trusty spreadsheet reviewed …

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Annual inflation rate accelerates to 2.7% in November, as expected

by Merchant Moller
Annual inflation rate accelerates to 2.7% in November, as expected

Consumer prices rose at a faster annual pace in November, a reminder that inflation remains an issue both for households and policymakers. The consumer price index showed a 12-month inflation …

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Fear of Trump tariffs sending Americans into debt as pantry stockpiling rises – The Mercury News

by Mark McDuffie
Fear of Trump tariffs sending Americans into debt as pantry stockpiling rises – The Mercury News

By Kelsey Butler | Bloomberg One in three Americans are stockpiling daily necessities like toilet paper and non-perishable food out of fear that President-elect Donald Trump’s pledge to add tariffs …

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CPI report expected to show that progress on inflation has hit a wall

by Merchant Moller
CPI report expected to show that progress on inflation has hit a wall

A man shops at a Target store in Chicago on November 26, 2024. Kamil Krzaczynski | AFP | Getty Images A key economic report coming Wednesday is expected to show …

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BOJ quarterly survey likely to show weaker business sentiment in Japan

by Mark McDuffie
BOJ quarterly survey likely to show weaker business sentiment in Japan

The Bank of Japan’s tankan quarterly survey for December, due out Friday, is expected to show slightly weaker business sentiment among both major manufacturers and nonmanufacturers, according to forecasts by …

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Dollar holds ground ahead of CPI, Aussie wallows near 4-month low

by Mark McDuffie
Dollar holds ground ahead of CPI, Aussie wallows near 4-month low

The dollar traded close to a two-week high versus the yen on Wednesday ahead of a highly anticipated reading of U.S. inflation that could provide clues on the pace of …

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Japan’s government submits ¥13.9 trillion extra budget for fiscal 2024

by Mark McDuffie
Japan’s government submits ¥13.9 trillion extra budget for fiscal 2024

The government submitted to parliament on Monday its fiscal 2024 draft supplementary budget, with ¥13.94 trillion ($92.97 billion) in general-account spending. The budget will finance a comprehensive economic package, the …

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