Stocks declined after January’s producer price index, which is another inflation gauge, increased by 0.7% in the month, higher than the expected 0.4%. This follows reports that January’s consumer price index and retail sales were both higher than anticipated, suggesting that the Federal Reserve may need to do more to curb inflation. In addition, initial […]
The United States is considering sanctions on Chinese firms for their involvement in Iran’s surveillance buildup. Despite international sanctions, Chinese state-owned companies have been shipping navigation equipment and jamming technology to Russian government-owned companies. The United States and Brazil are joining India’s efforts to increase demand for biofuels. Elon Musk was found not liable in […]
Have you ever wondered why the price of oil seems to change every day? Oil is an essential commodity that powers the world’s economies, and it’s a topic that affects us all. From fueling our cars to heating our homes, oil plays a significant role in our daily lives. But with so many different […]
The Federal Reserve in the US is now using “supercore inflation” to guide interest-rate policy. This narrow measure of inflation comprises the prices of services (e.g. barbers, lawyers, plumbers) excluding housing and energy prices. The Fed is paying close attention to services as they tend to be driven by the cost of labor, which the […]
Recently, one of the hottest economic indicator is the Consumer Price Index (CPI), and it has been one of major maker movers, but what exactly does it tell us? Released once a month, it measures the average change in prices of a basket of goods and services consumed by consumers, providing insight into inflation and […]
