From bitcoin on down, most cryptocurrencies tanked Monday, as expectations the Federal Reserve will hike interest rates more aggressively to combat unrelenting inflation ratcheted up.
When mortgage rates soar and mortgage applications crash, a housing affordability crisis is underway. The latest sign of cooling demand and a possible turning point in real estate markets could be the plunge in luxury-home sales.
It's ironic that the Thing responsible for causing the price of gas to double (on its way to tripling) at the same the value of the money we're forced to use to pay for it has declined by about 15 percent has decided there'll be 15 percent less
• https://caitlinjohnstone.substack.com by Caitlin J
President Biden used the phrase "Putin's price hike" again in a reaction to Friday's Consumer Price Index report revealing continued high inflation, showing once again that the US government believes Americans are idiots.
The national average price of gas in the U.S. surpassed $5 per gallon today for the first time ever, according to GasBuddy, the leading fuel savings platform saving North American drivers the most money on fuel.
The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.0 percent in May on a seasonally adjusted basis after rising 0.3 percent in April, the U.S. Bureau of Labor Statistics reported today.
Despite strong commodity prices, farmer sentiment in the United States deteriorated sharply in May as producers are anxious about their farm's financial health and prospects.
It was a CPI report for the ages: with most already expecting a hotter than expected print (thanks to JPM), that's precisely what they got and then some.
Oil prices haven't peaked yet because Chinese demand has yet to return to normal, said the energy minister from key OPEC member the United Arab Emirates.
Federal Reserve Chairman Jerome Powell, President Biden and other government officials insist the US economy is in a strong position to handle an inflation fight. In his podcast, Peter Schiff explains why they are wrong. In fact, America has never be
In the Before – the years prior to what has been styled the "pandemic" (which it was, in the sense that metastatic hypochondria spread like cooties at a '70s key party) when a house sold it was usually occupied shortly thereafter by the peopl
Black Knight reports the share of median income required to make that P&I payment has climbed to 33.7%, just shy of the 34.1% high reached in July 2006.
By now, even the most diehard welfare-warfare statist has to acknowledge that we are living in a weird, dysfunctional, drug-addled, poverty-producing, and violence-prone society.