Independent thinking for complex markets and current events
The latest CPI data highlights a stubborn 3.3% annual inflation rate today, energy costs are the primary driver of the middle class squeeze… Gasoline prices jumped 21.2% in the latest monthly window, the Hormuz blockade is effectively taxing every American at the pump… Shelter inflation slowed to 3.0%, the slowest pace since 2021, but core …
Cold beer on a Friday night? Maybe non-alcoholic. Only 54% of drinking-age Americans consume alcohol today, according to a recent poll from Gallup, the lowest proportion since the survey began in 1939. Even those who do drink are partaking less, by a factor of nearly half. The US is drinking less, and cultural connotations around alcohol …
January 14, 2025. The report shows that the prices for final demand goods increased by 0.6% in December, which was in line with expectations. The 9.7% jump in gasoline prices significantly contributed to this overall increase. Here’s a detailed breakdown of the latest Producer Price Index (PPI) report for December 2024: Producer Price Index (PPI) …