U.S. Inflation Running Twice Fed’s Own Target
The U.S. Office of Management and Budget on Friday revised its inflation outlook for Q4 2021 upward to 4.8%, more than twice the 2% level forecast in May, after the Commerce Department reported consumer prices in July grew more than 4% from a year ago.
Aluminum: Too Common and Apparent to Overlook!
An interesting investment idea is hidden in the periodic table under the lucky number 13.
Whether Drop in U.S. Retail Sales in July Indicate Fed’s Tapering Would be Inappropriate?
U.S. retail sales fell in July by more than forecast, reflecting a steady shift in spending toward services and indicating consumers may be growing more price conscious as inflation picks up.
U.S. Homebuilders No Longer Sure What To Do Even As Lumber Prices Crashed
NAHB Homebuilder Confidence crashed from 80 to 75 in August. That is a 13-month low (July 2020).
As the U.S. starts to reopen, people aren’t rushing back to work
With many low-paying jobs in the U.S. going unfilled, even after employers have offered enticing sign-on bonuses, it seems that the COVID-19 crisis has forced a much-needed adjustment in a labor market where workers had long suffered from a decline in bargaining power.