Future of US Inflation Depends on Shelter Costs Flywheel
By Denny Gulino WASHINGTON (MaceNews) – Last month’s strong rate of increase in consumer prices reported Wednesday was the same, and for some major categories less, than in the previous month, suggesting that mathematical base effects will force indicated inflation to decelerate later this year. Most significantly, shelter costs, that contribute a third of all […]
BOJ Moves to Defend 10-Year JGB Yield’s 0.25% Ceiling as Bonds Sold on Fed Tightening Mode
By Max Sato (MaceNews) – The Bank of Japan sent a clear message to financial markets late on Thursday that it is not following other major central banks in shifting gears toward tightening by announcing that it is conducting an unlimited fixed-rate long bond buying operation at 0.25%, the upper limit of its guidance range. […]
Real Earnings January 2022 Release
Real Earnings News Release REAL EARNINGS – JANUARY 2022 All employees Real average hourly earnings for all employees increased 0.1 percent from December to January,seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from anincrease of 0.7 percent in average hourly earnings combined with an increase of 0.6 percent in theConsumer […]