Commentary The Canadian Consumer Price Index (CPI) dropped to 2.8 percent annualized to the end of June from 3.4 percent in May. The index was expected to drop to 2.9 percent as a result of easing price pressures and the drop off of the June 2022 figure as the CPI rose about 0.6 percent that…
US Desperately Needs a Long Deflation
Commentary Consumer Price Index (CPI) day has been the same for most of the last 12 months. Data comes in and it’s not good. The mainstream media, however, immediately broadcasts the Biden administration spin that inflation is easing so stop worrying about it. Today, the report is elevated beyond expectations: 0.2 percent for the month…
Used-Car Prices Tumble in Largest Drop Since the Pandemic
July 11, 2023
admin
Business & Marketsconsumer price indexCox Automotiveeconomic policieseconomyinflationmanheim used vehicle indexMarketsUSUS Newsused car prices
0 Comment
Wholesale used-car prices tumbled for a third straight month in June, in the largest drop since the start of the pandemic in 2020. Prices in that sector, dropped by 4.2 percent from May to June, according to a Cox Automotive’s Mannheim Used Vehicle Value Index (MUVVI), a measurement of wholesale prices of used vehicles, fell 10.3…
Long-Term Inflation Expectations Reach 12-Year High
Commentary According to the University of Michigan, inflation expectations index for five to 30 years reached a 12-year high of 3.2 percent. At the same time, the consumer sentiment index declined to 63.5, compared to a pre-pandemic high of 300. The deterioration in the situation of consumers is evident. The official narrative is that inflation…
You Call This Easing Inflation?
February 14, 2023
admin
AnalysisBusiness & MarketsBusiness Columnistsconsumer price indexCPIFederal ReserveGreat ResetinflationOpinionrecessionU.S. economy
0 Comment
Commentary Here’s a thing I like to do on the day of Labor Department data releases. I read the actual release and look at the data and trend lines, then look at the details and see what’s driving the trend. I make a general judgment and write an imaginary headline. Then I check in the…
Bank of Canada Publishes Rate Hike Rationale for First Time
Canada’s central bank published on Feb. 8 a summary of internal deliberations that led to its latest policy rate hike of Jan. 25, a first for the institution in a bid to increase transparency. The account states that the Bank of Canada’s (BoC) governing council began its discussions on whether to maintain or raise the…
To Say That Inflation Is Fine Is an Illusion
January 12, 2023
admin
Business & MarketsBusiness Columnistsconsumer price indexCPIinflationOpinionrecessionU.S. economyViewpoints
0 Comment
Commentary It’s CPI day today, with all the predictable blather and nonsense about how what you absolutely know to be true is certainly not true because the experts say otherwise. This keeps happening these days: we know one thing—in this case that our purchasing power is being slammed—but regime spokesmen keep saying we are wrong….
Biden Claims That Lower-Than-Expected Inflation Numbers Prove Policies Are Working
December 14, 2022
admin
Business & Marketsconsumer price indexeconomic policieseconomyenergyExecutive BranchinflationPolicies & ImpactsPoliticsPresident BidenrecessionUSUS News
0 Comment
President Joe Biden claimed that U.S inflation rates were falling and that prices would return to normal at the end of next year. Inflation has been skyrocketing since mid-2021, owing to trillions of dollars in government stimulus spending that weakened the power of the U.S. dollar, a supply chain crisis and an imbalance in demand caused…
Biden Says That Lower-Than-Expected Inflation Numbers Prove Policies Are Working
December 14, 2022
admin
Business & Marketsconsumer price indexeconomic policieseconomyenergyExecutive BranchinflationPolicies & ImpactsPoliticsPresident BidenrecessionUSUS News
0 Comment
President Joe Biden says that U.S. inflation rates are falling and that prices would return to normal at the end of next year. Inflation has been skyrocketing since mid-2021, which experts attribute to trillions of dollars in government stimulus spending, a supply chain crisis, and an imbalance in demand caused by COVID-19 lockdowns, Moscow’s invasion…
Biden Touts Lower-Than-Expected Inflation Numbers, Says It Proves Policies Are Working
December 14, 2022
admin
Business & Marketsconsumer price indexeconomic policieseconomyenergyExecutive BranchinflationPolicies & ImpactsPoliticsPresident BidenrecessionUSUS News
0 Comment
President Joe Biden says that U.S. inflation rates are falling and that prices would return to normal at the end of next year. Inflation has been skyrocketing since mid-2021, which experts attribute to trillions of dollars in government stimulus spending, a supply chain crisis, and an imbalance in demand caused by COVID-19 lockdowns, Moscow’s invasion…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`