Tag: Inflation

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Inflation Remains Top Issue for Voters

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the staff of the Ridgewood blog

Ridgewood NJ, on Wednesday the Producer Price Index for final demand advanced 8.5 percent for the 12 months ended in September.

With the midterm elections now less than a month away, inflation is still the issue voters are most concerned about. The latest Rasmussen Reports national telephone and online survey finds that 89% of Likely U.S. voters are concerned about inflation, including 64% who are Very Concerned. Just 11% aren’t concerned about the issue. (To see survey question wording, click here.)

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Despite Reassurances from the “Experts” Inflation Races Ahead

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the staff oof the Ridgewood blog

Washington DC, the Producer Price Index for final demand increased 0.4 percent in September, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices declined 0.2 percent in August and 0.4 percent in July.

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IMF Cuts Global Growth Forecast

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the staff of the Ridgewood blog

Washington DC, the IMF projects global growth is slowing under the burden of high inflation, impact of Russia’s war in Ukraine and lingering effects of pandemic announced Pierre-Olivier Gourinchas, the IMF’s Chief Economist on Tuesday, October 11 in Washington, DC.

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The Dow Jones Industrial Average Dropped Below 29,400 midday Friday to its Lowest Point in Nearly Two Years

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the staff of the Ridgewood

Ridgewood NJ, the Dow Jones Industrial average dropped below 29,400 midday Friday to its lowest point in nearly two years. Since the Fed started raising interest rates in March, the index has lost more than 13.7 percent of its value.

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What Are The Main Benefits Of Investing Your Money Overseas?

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When it comes to investing, there are a lot of different options to choose from. One option that is growing in popularity is investing your money overseas. There are a number of benefits associated with this type of investment, including access to a wider range of investment opportunities, higher rates of return, and protection against inflation and currency fluctuations. Additionally, you may be able to enjoy lower taxes on your investment earnings.

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Producer Price Index for Final Demand fell 0.1 Percent in August

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the staff of the Ridgewood blog

Washington DC, the Producer Price Index for final demand fell 0.1 percent in August, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices decreased 0.4 percent in July and advanced 1.0 percent in June.

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Food Prices Increased 11.4 percent over the last year, the largest 12-month Increase since the Period ending May 1979

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the staff of the Ridgewood blog

Washington DC, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in August on a seasonally adjusted basis after being unchanged in July, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.3 percent before seasonal adjustment.

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WalletHub Reports Labor Day By the Numbers

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the staff of the Ridgewood blog

Ridgewood NJ, 87% of people think they should get a raise to keep up with inflation, the personal-finance website WalletHub found in its Labor Day Survey. This nationally-representative survey examines Americans’ Labor Day plans and how people have been impacted the current economic environment. Alongside this survey, WalletHub also released its Labor Day Fun Facts report to educate and entertain consumers with stats on all aspects of the holiday – from hotdogs and history to financials and 5Ks.

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Fed Chair Said the Federal Reserve is Willing to take “forceful and rapid” Steps to Address Inflation 

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the staff of the Ridgewood blog

New York NY, the Dow Jones Industrial Average dropped more than 1,000 points Friday following  the Friday comments from Federal Reserve Chairman Jerome Powell that the Fed will press forward with raising interest rates while inflation lingers.

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President Biden Cancels up to $10,000 in Student Loan Debt per Federal Borrower Earning less than $125,000 Annually

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the staff of the Ridgewood blog

Ridgewood N J, President Biden officially announced on Wednesday that his administration is forgiving up to $10,000 in student loan debt for borrowers making less than $125,000 annually and $20,000 for Pell Grant recipients, marking the largest forgiveness of federal student loans per individual to date. In addition to forgiving up to $20,000 in student debt for Pell recipients, will also cancel up to $10,000 in student loans for individuals making less than $125,000 a year,

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Small Businesses Confidence Still In The Dumps

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the staff of the Ridgewood blog

Ridgewood NJ, Bill Dunkelburg of the National Federation of Independent Businesses just released his monthly small biz confidence survey for July. There was a slight uptick in confidence from June, but the numbers are still depressing. A few takeaways:

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The “Inflation is Transitory” Crowd is Claiming We are Not in a Recession

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Ridgewood NJ, not sure why so many Wall Street economic geniuses predicted that the GDP report would show a positive number, given that inflation is running at 9%.  “Stuck on Stupid” seems to be a growing pandemic.

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Inflation Hits 9.1% Fastest Pace Since February 1981

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the staff of the Ridgewood blog

Washington DC, the Consumer Price Index for All Urban Consumers (CPI-U) increased 1.3 percent in June on a seasonally adjusted basis after rising 1.0 percent in May, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 9.1 percent before seasonal adjustment. The increase was broad-based, with the indexes for gasoline, shelter, and food being the largest contributors.

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