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
The End Of Money? BlackRock CEO Claims Crypto Will Surpass Traditional Currencies Worldwide–Be Careful With BlackRock!
In an interview with CNBC, BlackRock CEO Larry Fink discussed the potential of crypto as an international asset that can transcend the value of traditional…
JPMorgan Chase Files a Notice of Appeal in Jeffrey Epstein Victim Case It “Settled” for $290 Million
Unless you have been living off the grid for the past month, chances are you have seen a barrage of headlines blaring that the largest…
Ex-Celsius CEO Arrested On Fraud Charges, Bankrupt Crypto Firm Sued By SEC
The U.S. SEC filed a lawsuit against the bankrupt crypto lender on July 13 followed by news reports about the arrest of the former CEO…
Bitcoin Faces Backlash: Bank Of England Governor Expresses Disapproval–Satan Soldiers Will Never Agree to Cryptocurrencies–There Going to be a War
Bitcoin and other cryptocurrencies have long been a subject of debate and scrutiny within the financial world. Bank of England Governor Andrew Bailey recently added…
Silk Road–Linked Bitcoin Worth $300M Moved by U.S. Government: On-Chain Data
The U.S. government previously sold 9,861 bitcoin for $216 million in March. By Oliver Knight Jul 12, 2023 at 9:28 a.m. CDT Updated Jul 12,…
