Posted on 02/01/2022 12:15:33 AM PST by weston
Maria Bartiromo
@MariaBartiromo·
27m
Hotter than expected #inflation ⬆️ 1% month over month versus estimate of .5%. Year over year ⬆️ 9.7%. Join us now @MorningsMaria @FoxBusiness markets rally still holds.
From Maria’s show this morning....
🚛 GETTR News 🚛
@DailyNews
·
25m
Earlier this morning, #GETTR SVP of Global Marketing and Engagement @Kaelan joined Mornings With @MariaBartiromo to discuss Big Tech’s role in suppressing the Freedom Convoy as well the media’s lack of coverage of the Durham Investigation.
https://gettr.com/post/puone409ef
Wholesale prices rise 1% in January, up near-record 9.7% over the past year
TUE, FEB 15 2022 8:32 AM ESTUPDATED 6 MIN AGO Jeff Cox
FTA
The producer price index, which measures wholesale prices, rose 1% in January and 9.7% for the 12-month period, the latter just off the record high.
Core PPI rose 0.9%. Both increases were at least double the Wall Street estimate.
Manufacturing in the New York region increased modestly in February but was below expectations. The prices received index soared to a record high.
Prices at the wholesale level jumped twice the expected level in January as inflation pressures were unabated to start the year, the Labor Department said Tuesday.
The producer price index, which measures final-demand goods and services, increased 1% for the month, against the Dow Jones estimate for 0.5%. Over the past 12 months the gauge rose an unadjusted 9.7%, close to a record in data going back to 2010.
Excluding food, energy and trade services, co-called core PPI increased 0.9% for the month, well ahead of the 0.4% estimate. For the 12-month period, the measure increased 6.9%. Both core and headline PPI gains over the year were 0.1 percentage point lower than the record levels hit in December 2021.
As has been the case through much of the pandemic era, goods prices outweighed those for services, rising 1.3% and 0.7% respectively.
The increases come amid burgeoning inflation across the economy, with consumer prices running at a 40-year high.
Federal Reserve officials plan to act soon to contain the price increases, with interest rate hikes expected to begin in March and continue throughout the year.
Final demand energy prices jumped 2.5% in January, while food rose 1.6%.
A separate report Tuesday morning showed that manufacturing activity in the New York region was little changed in February. The Empire State Manufacturing Survey, conducted by the New York Fed, registered a 3.1 reading, up from the -0.7 of January but below the 11 estimate.
The gauge represents the percent difference between companies reporting expansion against those seeing contraction.
New orders and hiring posted significant gains, but they were mostly outweighed by declines in general business conditions and new orders. Inflation also showed up in that report, with the prices received index spiking 17 points as 58.6% of companies reported getting higher prices while just 4.5% reported a decrease. The reading of 54.1 was a record high in data going back to July 2001.
The numbers come a day after the New York Fed’s Survey of Consumer Expectations for January saw a surprise decrease in short- and medium-term inflation expectations. The one-year outlook decreased to 5.8% from 6% the previous month, while the three-year expectations slid half a percentage point to 3.5%.
Market-based inflation measures over 5- and 10-year spans remain elevated but are off the spikes they saw in November 2021.
Still, the Fed is prepared to tighten monetary policy after two years of unprecedented accommodation. Nearly all central bank policymakers say they expect a rate increase next month, and the market is pricing in a strong possibility of a 1.75 percentage point increase by the end of 2022.
https://www.cnbc.com/2022/02/15/producer-price-index-january-2022-.html
Donald Trump Jr.
@DonaldJTrumpJr·
1h
Except the charges were for foreign donations to Hillary. I know details like that don’t mean much to you or your network but you should at least try.
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Chris Hayes
@chrislhayes ·
14h
The America First campaign sure had a lot of foreign sponsors! twitter.com/robertsnellnew…
Clay Travis
@ClayTravis ·
9h
At this point anyone still supporting the masking of kids in school is doing so out of a stubborn refusal to admit they were wrong. Kids never should have been masked. It’s completely anti-science. But many would rather continue to be wrong than have to admit they were wrong.
I’m not sure what that is but it looks good!
Ha! Look at how the cows are looking at him. When I was a kid and out in a field, and cows would just stare at me, sometimes chewing their cud, it made me feel like they knew everything about me, lol.
Prayers for your friend Jemian. 🙏🙏🙏
I see what you did there.
Prayers!
lol
🧂🦅🚚Follow🚜Back!🚛OH!🚚Michael!🚛49K🔙🧂
@OHMichael
·
49s
#IFBAP
WHY IS THIS THE ONLY JUDGE IN THE UNITED STATES ADDRESSING 2020 VOTER FRAUD !
That’s Right There Was A Judge In Wisconsin Making A Ruling Too !
TWO IN THE COUNTRY !
https://gettr.com/post/pup9z4a88e
just watching a live report from Ottawa. Trucks are still there and say they’re not leaving.
Damn straight I’m tired of people getting away with CRIMES We have laws or we don’t 😡
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