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
By SRH, Musk is the next target. Make no mistake, Christians and conservatives are being closely scrutinized, or perhaps I should say, are in the…
By SRH, “But realize this, that in the last days difficult times will come. For men will be lovers of self, lovers of money, boastful,…
By SRH,Engaging in cryptocurrency trading can yield significant profits; however, it is accompanied by various risks and challenges. Regrettably, the pursuit of rapid wealth has…
BanksterCrime: Freakonomics and Frankenbanks: JPMorgan Chase Sucked Up 18 Percent of All Profits of 4,568 FDIC-Insured Banks in the First Quarter By Pam Martens and Russ…
Read More
The Black Swan Rears Its Head: The Fed Has Negative Capital Using GAAP Accounting BanksterCrime: By Pam Martens and Russ Martens, The Fed’s unprecedented experiments with years…
