Wholesale price inflation in the United States shot up 10 percent in February from a year earlier, matching January’s record high and a delivering a fresh sign that inflationary pressures continue to bedevil the U.S. economy. The Producer Price Index (PPI), which tracks inflation before it hits consumers, rose by an annual 10 percent and…
Wholesale Prices Jump 10 Percent in February, Matching January’s Record High
Wholesale Prices Shoot Up Again, Suggesting Inflation Stuck in High Gear
Wholesale price inflation accelerated in January, rising at twice the pace forecasters predicted and delivering a fresh sign of persistent inflationary pressures gripping the U.S. economy. The Labor Department said in a Feb 15 statement that the final demand Producer Price Index (PPI), which is a measure of input costs borne by providers of goods…
Morgan Stanley CEO Prefers Higher Interest Rates For ‘Balanced’ Economy
The Federal Reserve needs to raise interest rates sooner, Morgan Stanley CEO said Monday, adding that a balance must be returned to the economy even if it means upsetting markets in the short run. “It always surprises me how little the market prices in what is going to be the reality around rates. I mean,…
Why Some Texans Are Getting Sky-High Energy Bills
After unusual icy weather left millions of Texans without power, some are facing another crisis: Sky-high electricity bills. The surge in pricing is hitting people who have chosen to pay wholesale prices for their power, which is typically cheaper than paying fixed rates during good weather, but can spike when there’s high demand for electricity….
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