Commentary Can the press stop saying that inflation is “easing” please? It’s getting ridiculous. The Consumer Price Index came in at 7.1 percent from a year ago. That’s terrible. Yes, not as terrible as last month but look at the breakdown in detail. Food at home was up 10 percent and food at restaurants up…

Candy prices in the United States are soaring right before Halloween due to rising inflation. American consumers are expected to spend a record $10.14 billion on Halloween this year, up from $8.05 billion in 2021, according to the National Retail Federation. Trick-or-treating and Halloween parties are making a comeback after the pandemic curtailed such festivities….

Sen. Ron Johnson (R-Wis.) illustrated in a statement on Sept. 20 how soaring inflation has eroded Americans’ purchasing power, pointing out in stark terms that $1 at the start of the Biden administration was now effectively worth just 88.3 cents. Johnson, who’s been a repeated vocal critic of President Joe Biden’s handling of the economy and…

Sen. Ron Johnson (R-Wis.) illustrated in a statement on Sept. 20 how soaring inflation has eroded Americans’ purchasing power, pointing out in stark terms that $1 at the start of the Biden administration is now effectively worth just 88.3 cents. Johnson, who’s been a repeated vocal critic of President Joe Biden’s handling of the economy and…

The August Consumer Price Index (CPI) report shocked the markets, as the leading benchmark indexes cratered following the inflation data. Last month, the annual inflation rate slowed to 8.3 percent, down from 8.5 percent in July. The market had anticipated a rate of 8.1 percent. Recent data from the Bureau of Labor Statistics (BLS) revealed…

Commentary Because everything nowadays is, it seems, little more than a game of partisan football, whatever one side does, the other reflexively denounces it before giving it a second thought. Common sense is cast aside in the almost all-out war of narratives, a fact proven repeatedly during the pandemic. Now as that debacle finally fades…

Commentary  People tend to hear what they want to hear and believe what they need to believe. In no place is this more true than on Wall Street. The Federal Reserve has made abundantly clear that it will tighten monetary policy until inflation is virtually vanquished. And yet, those who have no choice but to…

The president of the Federal Reserve Bank of Minneapolis has said that the Central Bank is “far, far away from declaring victory” on inflation, despite the Biden administration praising “zero percent” inflation in July, which prompted some confusion. Neel Kashkari told Reuters on Aug. 10 that he believes the U.S. central bank will need to raise its policy…

Commentary It’s beyond me why the Consumer Price Index (CPI) garners so much attention from the press, but the statistical release the following day barely makes a dent in the news cycle. That is the Producer Price Index (PPI). In many ways, the PPI is more important because it forecasts the plight of the consuming…

Commentary Yesterday afternoon, the financial markets were roiled by an early release of the Consumer Price Index that turned out to be a fake. It looked real and markets were flooded with sellers because the number came in at 10.2 percent year over year. That would imply more extreme efforts by the Fed to crack…