Moses
He liked
PPI surprises on the upside, but CPI may not follow suit
US producer price data for April surprised on the upside, suggesting that inflation pressure at the start of the inflation pipeline could be building once again. Final demand PPI rose to 2.2% from 1.8%, while core producer prices, adjusting for food, energy and trade, rose by a 3.1% annual rate, the
He liked
He liked
He liked
Money Metals explores Federal Reserve’s secrecy
Investigative reporter Ken Silva uncovers the Fed's hidden powers and gold secrets in a riveting Money Metals podcast. In a revealing episode of the Money Metals podcast, host Mike Maharrey is joined by Ken Silva, an investigative reporter for Headline USA, to delve into the opaque operations of the
He liked
Consumer sentiment tumbles as inflation fears surge, closely watched survey shows
Consumer sentiment slumped as inflation expectations rose, despite otherwise strong signals in the economy, according to a closely watched survey released Friday. The University of Michigan Survey of Consumers sentiment index for May posted an initial reading of 67.4 for May, down from 77.2 in April
He liked
Silver price today: Silver rises for third straight day, according to FXStreet data
Silver prices (XAG/USD) rise on Friday for a third consecutive day, according to FXStreet data. Silver trades at $28.64 per troy ounce, up 1.08% from the $28.33 it cost on Thursday and the highest level since April 22. Silver prices have increased by 12.45% since the beginning of the year. Unit meas
He liked
He liked
Japan Household Spending Slips 1.2% On Year In March
The average of household spending in Japan was down 1.2 percent on year in March, the Ministry of Internal Affairs and Communications said on Friday - coming in at 318,713 yen. That beat forecasts for a decline of 2.3 percent following the 0.5 percent drop in February. On a seasonally adjusted month
He liked
He liked
WTI posts modest gains around $79.00 on US crude stock draw
WTI price edges higher to $78.95 on Thursday. US crude stocks fell 1.4 million barrels last week, according to the EIA. The hopes of a ceasefire in Gaza have weighed on WTI prices in recent trading sessions. Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $78.95 on Th
He liked
He liked
What does stagflation mean for commodity prices? [Video]
What a difference a quarter makes. The Federal Reserve rang in 2024 with a bout of optimism that inflation was coming down to their 2% target. But that optimism has now evaporated as the reality of stickier-than-expected inflation becomes more evident. Fast forward a few months to the present day an
Pull-up Update