Peak

‘We have yet to see a peak in food inflation’: Food price increase is highest increase since 1979, and this staple is up nearly 40% on last year

‘We have yet to see a peak in food inflation’: Food price increase is highest increase since 1979, and this staple is up nearly 40% on last year

Food prices continued to rise in August, putting pressure on lower- and middle-income households in particular.  Food to prepare at home rose by 13.5% in the month compared to last year, the highest rate of growth since March 1979, government data show. The rise in the cost of living was 8.3% year-over-year in August. Food, …

‘We have yet to see a peak in food inflation’: Food price increase is highest increase since 1979, and this staple is up nearly 40% on last year Read More »

Fed’s QT: Total Assets Drop by $139 Billion from Peak

Fed’s QT: Total Assets Drop by $139 Billion from Peak

It sticks to plan, QT like clockwork: What the Fed did in details and charts, and my super-geek extra-fun dive into the “To Be Announced” market for MBS. By Wolf Richter for WOLF STREET. The Federal Reserve’s quantitative tightening (QT) completed its three-month phase-in period on August 31. During the phase-in of QT, the plan called for the …

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QT at the Bank of Canada: Assets Down 24% from Peak. Spiraling Losses on Bonds, to Be Paid for by Canadians

QT at the Bank of Canada: Assets Down 24% from Peak. Spiraling Losses on Bonds, to Be Paid for by Canadians

The BoC’s QT started much earlier and is way ahead of the Fed’s QT. By Wolf Richter for WOLF STREET. On the Bank of Canada’s balance sheet released Friday, total assets of C$439 billion were down by 24% from the peak in March 2021 (C$575 billion). By comparison, the Fed’s balance sheet peaked in April 2022. The BoC’s …

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U.S. is at 'effectively peak employment,' bringing hot wage growth into focus

U.S. is at ‘effectively peak employment,’ bringing hot wage growth into focus

The tight U.S. labor market may have reached a new peak this year with wage growth soon to follow. Last month employers added a surprise 528,000 jobs — a stunning figure that doubled Wall Street estimates and reflected the labor market fully recovered from pandemic job losses — while the unemployment rate ticked down to …

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US dollar crumbles on the first sign of peak inflation | Forexlive

US dollar crumbles on the first sign of peak inflation | Forexlive

The euro broke out of its three-week range against the US dollar after a soft US inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the …

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Santoli: Market is on edge ahead of CPI report that will test peak inflation thesis

Santoli: Market is on edge ahead of CPI report that will test peak inflation thesis

-The market is pausing, hesitating, digesting, waiting for the CPI number Wednesday right in the border zone between “just another doomed bear-market rally” and “possibly the start of a real base and lasting advance.” -The S & P 500 has been sideways just under its early-June highs for eight straight trading days now, consolidating the …

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Amid the hype, they bought crypto near its peak. Now, they cope with painful losses

Amid the hype, they bought crypto near its peak. Now, they cope with painful losses

Like millions of people, Michelle Milkowski bought Bitcoin and other digital currencies as the crypto industry spent millions of dollars on marketing. Kholood Eid for NPR hide caption toggle caption Kholood Eid for NPR Like millions of people, Michelle Milkowski bought Bitcoin and other digital currencies as the crypto industry spent millions of dollars on …

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Airfares are finally starting to cool as peak summer travel season fades. Now what?

Airfares are finally starting to cool as peak summer travel season fades. Now what?

Passengers are seen at the Delta Air Lines check-in counters at Hartsfield-Jackson Atlanta International Airport ahead of the Fourth of July holiday in Atlanta, Georgia, July 1, 2022. Elijah Nouvelage | Reuters Flights, believe it or not, are getting cheaper. Airfares fell a seasonally-adjusted 1.8% from May to June, according to the latest U.S. inflation …

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Bitcoin Family say they lost $1 million on their investment this year, but sold a lot at peak

Bitcoin Family say they lost $1 million on their investment this year, but sold a lot at peak

‘Bitcoin Family’ opens a bitcoin beach bar in Lagos, Portugal Didi Taihuttu The “Bitcoin Family” is down more than $1 million on their bitcoin investment since the world’s most popular digital coin peaked at around $69,000 in Nov. 2021 — but patriarch Didi Taihuttu is as bullish as ever. “I’m buying bitcoin daily,” Taihuttu told …

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July 4 looks like summer’s peak travel nightmare. Here’s how to prepare.

July 4 looks like summer’s peak travel nightmare. Here’s how to prepare.

Placeholder while article actions load Airports and roads have been packed this summer, mixing with inflation and labor shortages to create a dreadful travel season marked by high prices, maddening delays and cancellations. According to data forecast by experts, the frenzy is expected to peak ahead of Independence Day. AAA predicts that 42 million people …

July 4 looks like summer’s peak travel nightmare. Here’s how to prepare. Read More »