/ US consumer prices rose briskly at the start of the year, a sign of persistent inflationary pressures that could push the Federal Reserve to raise interest rates even higher than previously expected. The overall consumer price index climbed 0.5% in January, the most in three months and bolstered by energy and shelter costs, according …
Continue reading “PPI UP 6.4% Core up 5.6 far above expectations”
The Pentagon has revealed that on Tuesday US forces fired on and took down an alleged ‘Iranian-made’ drone that was threating a base in Syria where US troops are stationed. The base is located in northeastern Syria, and the drone flew toward Mission Support Site Conoco, named for the huge gas field that US-backed forces have for …
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Oil prices extends losses on Wednesday as a much bigger-than-expected surge in the U.S. crude inventories and expectations of further interest rate hikes sparked concerns over the prospect of weaker fuel demand and economic recession. Brent crude futures slid 72 cents, or 0.8%, to $84.86 per barrel by 0442 GMT, while U.S. West Texas Intermediate …
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Oil prices dipped on Tuesday after the U.S. government said it would release more crude from its Strategic Petroleum Reserve, while traders look out for inflation data for further queues. Brent crude futures fell 90 cents, or 1%, to $85.71 per barrel by 1320 GMT, while U.S. crude futures fell $1.16, or 1.5%, to $78.98 …
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US Inflation Stays Elevated, Adding Pressure for More Fed Hikes CPI climbed 0.5% in January, the most in three months Annual headline and core measures came in higher than expected US consumer prices rose briskly at the start of the year, a sign of persistent inflationary pressures that could push the Federal Reserve to raise …
US government bond investors pushed two-year yields above 10-year yields by the widest margin since the early 1980s, a sign of flagging confidence in the economy’s ability to withstand additional Federal Reserve interest-rate hikes. The yield on the shorter-dated Treasury at one point exceeded the longer-dated note’s by as much as 86 basis points. The …
Continue reading “US Yield Curve Rings Recession Bell…for whom does the wipe out bell tolls”
Today’s inflation report could mark a turning point in the equity market’s expectations for inflation and interest rates, says Kramer of Mott Capital Management The stock market’s start-of-year rally is poised to fizzle if a highly-anticipated U.S. inflation report on Tuesday dashes hopes for a quicker retreat in the cost of living in America, warned …
Continue reading “Why January’s CPI report could deal a massive blow to the stock market”
Russia shocked oil markets early on Friday morning by announcing a voluntary production cut of 500,000 bpd in March. Two delegates from the OPEC+ alliance told Reuters that the group doesn’t plan to alter its production targets after the announcement. The Kremlin said that it discussed its plans to cut with some OPEC+ members but …
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Traders wagering this week on the Federal Reserve lifting its benchmark interest rate to 6% are still aiming way too low, according to Dominique Dwor-Frecaut. Dwor-Frecaut, a senior market strategist at the research firm Macro Hive, says the Fed will have to boost the federal funds rate to about 8% to win its battle to …
March oil production to be cut by 500,000 barrels a day Deputy PM Novak says Russia won’t adhere to Western price caps Russia plans to cut its March oil production voluntarily by 500,000 barrels a day in response to the western price caps, said Deputy Prime Minister Alexander Novak. “Russia believes that the mechanism of …
Continue reading “Novak: Russia to cut 500,000 bpd in March… Oil production CUT war just started!!”