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The Fed: What Else Will They Break?

In a widely-anticipated move, the Federal Reserve hiked interest rates 75 basis points this week.  Despite the move being widely expected, financial markets plunged the remainder of the week.  So what was the catalyst?  Analysts point to the Federal Reserve’s “dot...

“Food at Home” Costs are Brutal

Analyst Wolf Richter at wolfstreet.com did a deep dive into the details of this week’s inflation report and what he found wasn’t pretty. While the headline CPI and even the core CPI weren’t worse than expected, Richter found that the CPI for ‘services’ was a...

“Food at Home” Costs are Brutal

Analyst Wolf Richter at wolfstreet.com did a deep dive into the details of this week’s inflation report and what he found wasn’t pretty. While the headline CPI and even the core CPI weren’t worse than expected, Richter found that the CPI for ‘services’ was a...

Strategic Petroleum Reserve

In October of 1973 the members of the Organization of Arab Petroleum Exporting Countries, led by Saudi Arabia, proclaimed an oil embargo targeted at nations that had supported Israel during the Yom Kippur War. The embargo led to the price of oil rising nearly 300% in...

Strategic Petroleum Reserve

In October of 1973 the members of the Organization of Arab Petroleum Exporting Countries, led by Saudi Arabia, proclaimed an oil embargo targeted at nations that had supported Israel during the Yom Kippur War. The embargo led to the price of oil rising nearly 300% in...