Canada’s Inflation Rate Climbs to 29-Month High In May
According to data released by Statistics Canada, consumer prices rose faster than economists had anticipated, marking the first time inflation has exceeded three per cent since 2023.
Economy
TIPP Poll data on Americans' perception of the economy is the foundation for this section. Topics covered include U.S. consumer confidence, consumer sentiment, job market, economic growth, recession, financial stress, economic outlook, personal financial outlook, federal economic policies. We also cover trade, taxes, and debt. Our TIPP economic optimism index, financial stress index, job sensitivity metrics, and other polling on current economic issues drive the discussions.
Iranian Oil Trade Gets Temporary U.S. Approval Through August
Treasury Secretary Scott Bessent said the move is part of a broader diplomatic framework aimed at advancing a long-term agreement between the two countries.
America At 250: The Roots Of America’s Greatness
We enjoy freedoms most people could only dream about. We have the strongest military in the history of the world. We have the most dynamic economy. We put men on the moon.
Why Did Strait Of Hormuz Shipping Slow Over The Weekend
Only 12 vessels passed through the strait on Sunday, down from more than 21 the previous day
Canada Imposes Temporary Tariff On Canned Vegetable Imports
The measure, announced by the Canadian government on Friday, will remain in effect for up to 200 days while authorities investigate whether rising imports have caused harm to Canadian producers.
Real Wages Fell For The Second Month As Price Inflation Surged
You don’t have to be a math genius to see what this means for many ordinary workers
Why The US President Loves “Inflation”?
The argument is that a decline in the price level, which is labeled deflation, weakens consumer and business expenditure, thereby paralyzing economic activity.
White House Redirects $352 Million For Security Projects
The transfer has drawn attention from lawmakers in both parties, who are seeking clarification on how the funds will ultimately be used.
How Large Is The Shipping Backlog In The Strait Of Hormuz
According to shipping data cited by CNBC, dozens of tankers remain stranded in the Persian Gulf, with estimates suggesting a backlog of roughly 118 vessels
U.S. Pending Home Sales Reach Six-Month High In May
The increase in pending home sales exceeded economists' expectations, indicating that buyer demand remains resilient even as financing costs continue to weigh on affordability.
Federal Reserve Holds Interest Rates Steady At Warsh’s First Meeting
The decision, approved unanimously by the Federal Open Market Committee, reflects the central bank’s view that inflation remains elevated relative to its long-term target of 2%.
Mortgage Rates Ease But Housing Market Remains Weak
Total mortgage application volume fell 3.8% from the previous week. The average rate for a 30-year fixed mortgage remained at 6.60%, while refinancing applications declined 5%
The Fed Decides Today In Warsh's First Test As Chair
A fourth straight hold is all but certain, so the focus falls on the dot plot, the dropped easing bias, and a new chair's tone.
The Ignoramus-in-Chief Declares: “I Love the Inflation”
Of course, the actual goals that politicians and their sponsors really have in mind often diverge radically from what they tell the public.
Raising Interest Rates Does Not Counter Inflation
To form a definition, it is helpful to go back, if possible, to when the subject of investigation emerged.
