Inflation Gone In November? US Producer Prices Top Estimates At 7.4% YoY, Supporting Fed Hikes Into 2023

by confoundedinterest17 Is inflation gone in November? Nope. US producer prices rose in November by more than forecast, driven by services and underscoring the stickiness of inflationary pressures that supports Federal Reserve interest-rate increases into 2023. The producer price index for final demand climbed …

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Drivers To See Highest Thanksgiving Gasoline Prices Ever While Diesel-To-Gasoline Spread Soars (Food Prices UP 49% Under Biden, Diesel Prices UP 102%)

by confoundedinterest17 As Americans prepare to hit the road for Thanksgiving, average gas prices will be at their highest seasonal level ever, according to GasBuddy. GasBuddy says the national average is projected to stand at $3.68 on Thanksgiving Day. This is nearly …

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Rental prices dropping

by CCJones56 My house has been on the market for months. Two weeks ago we had a possible buyer so we went looking for an apartment in the Sandy Springs/Alpharetta GA area temporarily until we can move to a different …

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UK food prices soar by fastest rate on record as cost of living crisis bites

This isn’t a “cost of living crisis” – it’s a “cost of oligarchy crisis.” https://www.theguardian.com/business/2022/nov/02/uk-food-prices-soar-by-fastest-rate-on-record-as-cost-of-living-crisis-bites Annual rise of 11.6% comes as milk, teabags and sugar become more expensive UK food price inflation soared to a record annual rate of 11.6% …

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Pension Fund Blues! Agency MBS Prices And Mortgage REITs Declining As Fed Withdraws Monetary Stimulypto (Duration Risk Increasing)

by confoundedinterest17 Pension funds have long been investing in “safe” agency mortgage-backed securities. But as The Fed does its “tighten up”, we are seeing agency MBS prices falling and duration risk rising. I remember showing my Fixed-income class at Chicago and …

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