US Wholesale Inflation Pressures Eased Sharply Last Month
WASHINGTON—U.S. wholesale prices fell in March, a sign that inflationary pressures in the economy are easing more than a year after the Federal Reserve began aggressively raising interest rates. Plunging energy prices pulled the government’s producer price index down 0.5 percent from February to March; it had been unchanged from January to February. Compared with […]
French Farmers Worried About the Future
Dozens of farmers and other agricultural producers came to Paris to attend France’s biggest annual agriculture show. Several livestock farmers told NTD they are worried about the future, as they face rising prices and stricter EU regulations.
CPI: Inflation Surges the Most in 3 Months
Inflation was still hot in January, but with some prices cooling off. Monthly prices were largely pushed up by shelter costs. these costs accounted for nearly half of the increase. Higher costs for food, gasoline, and natural gas also contributed. On an annual basis, food prices are up 11.3 percent, with egg prices up 70 […]
Veteran Trader: Fed Could ‘Overdo It’ on Rate Hikes Due to Lags in Economic Impact
The U.S. annual inflation rate slowed to 6.5 percent in December 2022, from 7.1 percent in November 2022, according to the Bureau of Labor Statistics. The consumer price index dipped by 0.1 percent month over month. The core inflation rate, which excludes the volatile food and energy sectors, eased to 5.7 percent last month, from […]
Food Prices Soared in 2022, Americans Hope for Improvement in 2023
Food prices soared in 2022, and so far there are few solutions on the horizon for 2023. The latest Consumer Price Index Data from the Bureau of Labor Statistics found that grocery prices increased 12 percent in the previous 12 months, far higher than the already elevated inflation rate. The BLS index for wholesale prices […]
NTD UK News Full Broadcast (Dec. 14)
British inflation fell more than expected last month, raising hopes that the price surge has peaked. We look at the “toxic combination” of issues that caused thousands of trains in northern England to be cancelled at short notice. The security minister is concerned about the influence of Chinese-owned TikTok on the minds of young British people.
Petroleum Reserve Is Politicized: Sgamma
Many Americans this winter could be struggling to heat their homes amid spiraling energy costs. President Joe Biden announced the last of the oil he approved to release from the strategic oil reserve will go to market in late December. NTD spoke with Kathleen Sgamma, president of the Western Energy Alliance, to discuss the energy […]
Oil Investor: Oil Reserve Drawdown Is Like Playing Musical Chairs; Prices Will Soar After Midterms
Founder and president of King Operating Corporation Jay Young told NTD that President Joe Biden’s drawdown of the Strategic Petroleum Reserve is like playing musical chairs. Young says in the period after the midterm elections, there won’t be enough oil left to meet demand.