Americans are increasingly financing the basic necessities of life because their paychecks are no longer stretching far enough. Buy-now-pay-later financing has...
I have heard some astonishingly stupid statements from politicians over the years, but Iran’s former labor minister Hojjat Abdolmaleki has managed to...
The latest inflation figures should put an end to the ridiculous claims that inflation has been defeated. The Producer Price Index surged 1.3% in September alone,...
The September Consumer Price Index has come in at 3.7%, up from 3.4% in August, with prices rising another 0.6% in a single month. The Bureau of Labor Statistics...
Economists keep pointing to consumer spending as proof that the American economy remains strong. Americans spent 0.9% more in August, and naturally this is being...
The housing market is being squeezed from a direction most people still do not understand. The 30-year mortgage rate jumped from 7.03% to 7.28% in a single week,...
Iran is now watching its economy unravel in real time. The Statistical Center of Iran reports that GDP collapsed 10.1% during the first quarter of the Iranian...
The Federal Reserve has raised interest rates for the first time in three years, increasing the federal funds target by 25 basis points to 3.75%–4.00%. The...
Consumer prices in the USA rose 0.4% in August, four times July’s 0.1% increase, while annual inflation remained at 3.4%. The politicians will point to that...
The Federal Reserve’s preferred inflation gauge rose again in July, with the headline Personal Consumption Expenditures index increasing 0.2% for the month...
