Commodities have performed well so far this year, buoyed by strength in oil on the back of tight supplies, but worries that the economy is headed for a recession has fed losses among the industrial metals. In Thursday dealings, the S&P Goldman Sachs Commodity index XX: SPGSCI trades more than 30% higher so far this…
Read More “Energy leads commodities surge with oil up roughly 50% in first half of 2022” »
There’s no escaping the ravages of inflation. Far from “peaking” as some hoped, the consumer price index accelerated in May, rising at a 12.3% annual rate, the government reported Friday. Not only are the costs of necessities becoming more unaffordable, so are the costs of escaping by taking a vacation or by curling up on…
Federal Reserve Chairman Jerome Powell will be challenged to get inflation down to 2% and keep it there. For the decade between the Global Financial Crisis and the COVID pandemic, inflation averaged less than the Fed’s target, but all the stars were aligned. That is hardly likely to happen again. Coming out of a severe…
Read More “Opinion: Inflation above 4% may become a fact of life” »
