Featured Story
Producer Prices rebounded MoM in May with headline Final Demand PPI rising 0.4% (against +0.1% exp) but it left PPI YoY still down 0.8%…
Source: Bloomberg
Some serious dispersion in the various sector’s price swings…
This rebound was driven by a record surge in food prices…
Source: Bloomberg
Two-thirds of the May increase in the index for final demand goods is attributable to a 40.4-percent jump in meat prices.
Source: Bloomberg
The indexes for gasoline, processed young chickens, light motor trucks, liquefied petroleum gas, and carbon steel scrap also moved higher.
Source: Bloomberg
Conversely, prices for chicken eggs fell 41.2 percent. The indexes for diesel fuel and for plastic resins and materials also decreased.
What will Jay Powell do now that average joe’s cost of living is soaring?
StevieRay Hansen
Editor, Bankster Crime
Don't Miss
BanksterCrime: Citigroup Gets Fined $79 Million Two Years After It Caused a $300 Billion Flash Crash in European Stock Markets By Pam Martens and Russ Martens,…
BanksterCrime: The Curious Money Trail Behind the Supreme Court/Clarence Thomas Decision to Rescue a Federal Agency that Wall Street Hates Donald Trump, Jones Day Law…
BanksterCrime: By Pam Martens and Russ Martens, Mary Erdoes, CEO of JPMorgan Chase Asset & Wealth Management In 2020, Netflix released a documentary series titled “Filthy…
BanksterCrime: Delinquencies on Office Property Loans at Banks Are at 8 Percent While Office Loans the Banks Sold to Investors Show 31 Percent in Trouble…
BanksterCrime: By Pam Martens and Russ Martens, Robert Kaplan The swampiest trading house on Wall Street, Goldman Sachs, issued a press release on Tuesday which was…
