Latest posts tagged with #InflationNation on Bluesky
“This may be the last year-over-year print we see around 2.4% for a while as CPI potentially moves back towards 3% or above,” Skyler Weinand, chief investment officer at Regan Capital, wrote shortly after the data was released, U.S. News reported.
#InflationNation
“Airlines never met a higher fare they didn’t want,” Scott Keyes, the founder of flight-deal company Going, previously known as Scott’s Cheap Flights, tells CNBC.
#IranWar
#InflationNation
Goldman analysts in a note on Thursday said they now assume 21 days of low Strait of Hormuz (SoH) oil flows at 10% of normal levels followed by a 30-day gradual recovery, compared with their earlier expectation of a 10-day disruption, Reuters reported.
(It's Day 12 of Iran War)
#InflationNation
“Prices right now are still in panic mode. There is a lot of emotion, fear, uncertainty built into the price that we see,” said Pavel Molchanov, senior investment strategist at Raymond James.
#InflationNation
“With oil prices up roughly $30 in recent weeks — and potentially heading toward triple digits — investors are far more focused on how the conflict feeds into inflation over the months ahead,” wrote Principal Asset Management’s Seema Shah in a note, CNBC reported.
#InflationNation
The average price of U.S. gasoline reached $3.48 a gallon, according to data from the AAA motor club. That is a nearly 17 percent increase since the first U.S.-Israeli attacks on Iran on Feb. 28. Gas hasn’t been at these levels since 2024, The Times reported.
#InflationNation
“As a result, gasoline prices in many states could climb another 20 to 50 cents per gallon this week,” predicts Patrick De Haan with the fuel tracking website Gasbuddy.com, The Minnesota Star Tribune reported.
#EpsteinWar
#InflationNation
"We are seeing resilience tested again by the new conflict in the Middle East," IMF Managing Director Kristalina Georgieva said today in Tokyo, Reuters reported.
"My advice to policymakers in this new global environment is think of the unthinkable and prepare for it."
#InflationNation
The last time oil prices topped $100 per barrel was after Russia invaded Ukraine in 2022, CNBC reported.
#InflationNation
Even if oil prices stayed at current levels, Patrick De Haan, head of petroleum analysis at Gas Buddy, expects retail prices could gain another 20 to 25 cents a gallon, which could push the nationwide average to $3.40, The Guardian reported.
#InflationNation
The weaker than expected jobs report comes as Americans are already anxious about the high cost of living. Those affordability concerns will likely be amplified as the war in Iran has triggered a sharp rise in energy prices, NPR reported.
#JobCuts
#InflationNation
#AI
Retail sales declined 0.2% in January from the prior month, the Commerce Department said Friday, the biggest decline since May. January’s reading came in below expectations of 0%, according to a poll of economists by data firm FactSet, XNN reported.
#InflationNation
Retail gasoline prices in the U.S. have jumped nearly 27 cents since last week to $3.25 per gallon on average, according to the motorist group AAA, CNBC reported.
The last time gas prices made a similar jump was in March 2022 after Russia invaded Ukraine, the group said.
#InflationNation
“If this were to go on for weeks or months, you can’t stop 20%-30% of the world’s seaborne oil and not have some massive reaction,” says Lucas White, lead portfolio manager for GMO’s Resources, Climate Change, and Quality Spectrum strategies, Morningstar reports.
#InflationNation
"The reforms proposed and already made to aid the data centers will have implications for the health and safety, as well as economic well-being of citizens in every state. Both state and federal policymakers have a role," writes Mike Jacobs.
#DataCenters
#ElectricBill
#InflationNation
The national average price of unleaded gas hit $3.11 per gallon on Tuesday, up 11 cents overnight, according to AAA.
It was the biggest single-day spike since March 4, 2022, according to GasBuddy analyst Patrick De Haan, Axios reported.
#InflationNation
U.S. Court of Appeals yesterday shot down the Trump administration’s attempt to delay refunding billions of dollars’ worth of tariffs the Supreme Court ruled are illegal, but until Trump returns our money, federal debt is piling up by the millions in interest payments alone.
#InflationNation
“But most shipowners were avoiding transits through the strait of Hormuz after insurers cancelled the war risk coverage for vessels in certain areas of the region,” Sheel Bhattacharjee, head of freight pricing in Europe at Argus Media, told CNBC by email.
#InflationNation
The gains came after Iranian drones struck the largest oil refinery in Saudi Arabia and major gas facilities in Qatar. Iranian media also reported that a fuel tanker flying the Honduran flag caught fire in the strait after being hit by two drones, YNet News reported.
#InflationNation
"The moment the market just gets that headline that, you know -- the strait is closed, there's no more crude flowing and so on -- that's when panic is going to set in," said Amena Bakr, head of Middle East and OPEC+ research at Kpler trade intelligence company, RFE/RL reported.
#InflationNation
“Tankers are starting to build by the Strait of Hormuz, but nothing seems to be going through at the moment – tankers are definitely spooked,” said Matt Smith, oil analyst at energy consulting firm Kpler, CNBC reported.
#InflationNation
#EpsteinWar
Household electricity bills already increased 13 percent nationally in 2025, according to a December report from advocacy group Climate Power, The Verge reported.
Data center electricity demand alone is expected to double or triple by 2028, according to Department of Energy.
#AI
#InflationNation
“Companies are highly unlikely to start trimming their prices as a result,” Stephanie Roth, chief economist at Wolfe Research, told CNN.
“Walmart is not going to give you a check for the 15% tariff on sneakers you bought from them four months ago.”
#Tariffs
#InflationNation
"In December, prices climbed for furniture, clothing, and groceries. Gas prices fell, but the cost of electricity rose and natural gas costs soared 3.7% just in December from the previous month," AP reported.
#InflationNation
Bold text rant about wages and food prices over a dark background with a glowing green skeleton, giving the whole thing a dramatic end-of-the-economy vibe.
Capitalism said “trust the market” and the market sent a skull emoji
#TrustTheSkull #MarketSaidOops #LateStagePlotTwist #InflationNation #BoneDryWages #GrimEconomics #EatTheRich #SkullOfApproval #NumberCrunchNightmare #FinanceCore #Memes #Funny #Lol #Meme #Haha #MemeOfTheDay
Midsize U.S. businesses have had to absorb the import taxes by passing them along to customers in the form of higher prices, employing fewer workers or accepting lower profits, according to an analysis by the JPMorganChase Institute, AP reported.
#Tariffs
#InflationNation
“We can’t just raise our prices, and we just can’t pay it, unlike big companies that can just write a check,” Victor Schwartz, owner of small New York-based wine importer VOS Selections, told CNN. Since April, he estimates he’s had to pay at least six figures in tariffs.
#Tariffs
#InflationNation
GDP rose just 1.4% last quarter, according to the Commerce Department, well below the Dow Jones estimate for a 2.5% gain, CNBC reported.
At the same time, inflation held firm in December, according to gauge most closely watched by Fed officials that increased 3% from a year ago.
#InflationNation
Drought, higher costs, interest rates and reluctance to expand led to smaller U.S. cattle herds, Texas A&M economist David Anderson tells BRN. "What that tells us is fewer cows, less beef production, and from a supply standpoint, some more pressure for higher prices in the future."
#InflationNation
