Tag Archives: food prices

Inflation in the US, as measured by the Personal Consumption Expenditures (PCE) Price Index, declined to 6% on a yearly basis in October from 6.3% in September, the US Bureau of Economic Analysis announced on Thursday. This reading came in below the market expectation of 6.2%. The annual Core PCE …

Inflation in the US, as measured by the Personal Consumption Expenditures (PCE) Price Index, stayed unchanged at 6.2% on a yearly basis in September, the US Bureau of Economic Analysis announced on Friday. The Core PCE Price Index, the Federal Reserve’s preferred gauge of inflation, edged higher to 5.1% on …

Producer prices soared by 11.3% in June over a year ago as consumers continue to struggle with skyrocketing prices for just about everything.The US Bureau of Labour Statistics released its Producer Price Index data Thursday, which showed a 1.1% increase last month, contributing to a 11.3% increase in the past …

The US Census Bureau will release the June Retail Sales report on Friday. Economists and researchers of six major banks have provided their forecasts regarding the expected data. Retail Sales are forecast to rebound to 0.8% in June with the ex-autos to 0.6% and control rising to 0.3%. TDS“We look …

The AUD/USD pair has turned sideways after a sheer downside move to Monday’s low at 0.6715 on a risk-off impulse on the market. The asset is hovering around its fresh monthly low as the US dollar index (DXY) has printed a fresh 19-year high at 108.27.The AUD/USD pair is hovering …

US President Joe Biden said that he is expected to make a decision this weekend to suspend the federal tax on gasoline, adding that a similar decision should be made based on clear data. It is worth noting that the study of suspending a tax on gasoline comes at a …

Speaking to supporters in Philadelphia, US President Joe Biden reassured Americans that tackling the worst inflation the nation has seen in decades remains a top priority for him and his administration. The speech comes oner day before the Fed could raise interest rates as much as three-quarters of a percentage …

Higher than expected wages increase will boost the American dollar, in this high-probability scenario. However; slower salary gains will likely drag the dollar down. As expected figures will certainly create an opportunity to move against the prevalent trend. Nonfarm Payrolls remain significant despite the focus on inflation – it just …

Gas prices soared higher in the US while demand for gasoline drops before the beginning of the summer driving season. US President Joe Biden warned that Americans will likely feel “Putin’s price hike” at the gas pump in the foreseeable future. Russia’s invasion of Ukraine caused commodity prices to rise …

BoE Governor Andrew Bailey on Monday said that food prices are a major worry for the UK and developing world, reported Reuters. Speaking alongside Bailey at a House of Commons Treasury Committee, BoE’s Michael Saunders said that inflation would still be well above the bank’s target this year even if …