by Wendell Husebo
Breitbart.com

Eighty-seven percent of Americans believe President Joe Biden’s policies either hurt or had no impact on inflation, the number one issue among respondents, a Monmouth University poll found this week.

Under Biden’s leadership, costs soared across the board by about 20 percent. The increased cost of goods appears to be a top reason Biden is losing support among demographics that typically vote Democrat.

The pollster asked respondents, “Thinking about this most important concern, have the actions of the federal government over the past six months helped, hurt, or had no real impact on this concern?”

Continue Reading at Breitbart.com…

from Peter Schiff

by Simon Moore
Forbes

U.S. Consumer Price Index data for June is expected to further confirm cooling inflation. This could lend support to a potential interest rate cut from the Federal Open Market Committee later in 2024.

Nowcast Inflation Projections

Nowcasts as modeled by the Federal Reserve Bank of Cleveland suggest that the monthly increase in headline CPI inflation for June will be 0.08% and that core CPI inflation, removing food and energy, will be 0.28%.

Turning to Personal Consumption Expenditures inflation data, which the FOMC prefers, but is released later in the m0nth, the expectation is for 0.09% monthly PCE inflation and for 0.21% for core monthly PCE inflation.

Continue Reading at Forbes.com…

from ReasonTV

by Nicholas Rizzo
MoneyWise

The last three years have seen an average annual inflation of 5.6%, the highest three year average inflation rate since the early 1980s recession.

With this in mind, we looked at data from the Bureau of Labor Statistics (BLS), the Federal Housing Finance Agency (FHFA) and Redfin to find out how far salaries have kept up with inflation over the last five years, and how much money we will have in our pockets in the next five years if things carry on in the same direction.

Continue Reading at MoneyWise.com…

from Forbes Breaking News

by Giuliana Viglione
Carbon Brief

Spiking food prices have made headlines around the world this year, from eggs in the US to vegetables in India.

The UN Food and Agriculture Organization’s Food Price Index has been slowly increasing over the past six months following declines over much of 2023.

For example, the price of orange juice concentrate in the US was 42% higher in April than it was a year ago, while the price of fresh orange juice in the UK has risen 25% over the last year.

In Greece, the price of olive oil rose by nearly 30% over 2023 and by more than 63% in April of this year.

No single factor alone can explain the rising prices.

Continue Reading at CarbonBrief.org…

from NewsNation

by Finimize Newsroom
Finimize

What’s going on here?

The US dollar held steady at 105.84 on June 24, 2024, as traders eagerly awaited upcoming US inflation data, which could sway future interest rate decisions.

What does this mean?

With the Dollar Index flirting with near eight-week highs, all eyes are on Friday’s release of the US personal consumption expenditures (PCE) price index, the Federal Reserve’s preferred inflation gauge. Economists predict a slowdown to 2.6% annual growth for the PCE index in May, which could enhance the likelihood of an interest rate cut as early as September. Despite potential tightening pressures from the Bank of Japan (BoJ), the yen weakened to its lowest level against the dollar since April. Meanwhile, currency strategists point to a slowdown in the US economy and softer core inflation readings as factors that could lead the Fed to start reducing policy rates. Key geopolitical events, including the first US presidential debate and the French election, are also set to impact global markets.

Continue Reading at Finimize.com…

from WHAS11

by Wendell Husebo
Breitbart.com

Many independent voters will watch the presidential debate next week for answers on President Joe Biden’s health, inflation, and open borders, a Reuters focus group found Thursday.

The debate is scheduled to be a highly watched first rematch between the two candidates since Biden took control of the federal government. Under Biden’s regime prices soared about 20 percent across the board, and over 1.7 million known “gotaways,” illegal immigrants who evaded Border Patrol, entered the country, according to Congress.

Though the debate’s rules favor Biden — as the Biden camp reportedly acknowledges — voters will watch to see if Biden provides cogent answers about the top issues of soaring costs and seemingly endless migration, focus group members said.

Continue Reading at Breitbart.com…

from New Money

We’ve come to the end of the road. There’s no more ‘can-kicking’ to be done. The US is now in the exponential blow-off phase of fiscal irresponsibility and the Fed is out of options. Save the Dollar or save the Treasury bond market. The BRICS have long-since figured this out. Now it’s time for Western investors to catch on.

by Dr. Chris Martenson
Chris Martenson’s Peak Prosperity

In this week’s episode Paul and I cover the Fed’s predicament. They can only do one of two things:

• Save the bond market
• Save the dollar.

Naturally, they are going to save the bond market which means they are going to ‘toast the dollar’ which means lots more inflation is on the way.

People who do not see this coming, and who do not take steps to protect their portfolios, are going to face a very difficult future.

Meanwhile, the stock ““market”” appears to have gone insane again, either due to those mysterious “animal spirits” or because the Fed is heavily manipulating it. Either way, it makes no fundamental sense at the present.

Continue Reading at PeakProsperity.com…

from CNBC Television

Noah Solomon: Several things will make it challenging for inflation to be as well-behaved as it has been in decades past

by Noah Solomon
Financial Post

The past few decades have been largely defined by low inflation, declining rates and a highly favourable investment environment, but conditions will be markedly different going forward and this will have significant repercussions for portfolios.

This disinflationary, ultra-low-rate backdrop in large part resulted from China’s rapid industrialization and growth. Specifically, the integration of hundreds of millions of participants into the global pool of labour represents a colossally positive supply side shock that served to keep inflation at previously unthinkably well-tamed levels in the face of record low rates.

Continue Reading at FinancialPost.com…

from Forbes Breaking News

from King World News

More “transitory” inflation is on the way. Look at what is skyrocketing…

Debts & Deficits Matter

June 20 (King World News) – Peter Boockvar: With the Congressional Budget Office raising its fiscal 2024 deficit estimate to almost $2 trillion I believe we are sooner rather than later going to resolve the debate over whether ever rising debts and deficits matter for the direction of borrowing costs. The danger though now is that part of the rising estimates is due to higher interest rates. I get the question all the time as to when will DC care which would result in some action to slow the pace of rising debts and deficits and my only answer is when the bond market forces them to and I’ll define that as a 6% 10 yr note yield. That would create some shock to the system I’m guessing that could create some crisis where something might get done.

Continue Reading at KingWorldNews.com…

from WallStForMainSt

by Steve Goldstein
Market Watch

Strategists at Goldman Sachs say gold is a way to hedge inflation risks stemming from the U.S. election.

Their view is that a Republican sweep in presidential and congressional elections would present the biggest risks to inflation and bond returns, stemming from higher import tariffs; slower immigration; tighter sanctions on Iranian oil; lower taxes; and, in Goldman’s phrasing, “stronger attempts to influence Fed policy.”

[…] Donald Trump, the former president who is on his way to a third straight Republican presidential nod, has suggested replacing income taxes with tariffs.

The Wall Street Journal reported that Trump allies have drawn up plans to blunt the Federal Reserve’s independence, though the campaign has not confirmed it has any such plans.

Continue Reading at MarketWatch.com…

from Valuetainment