Tag: Inflation

Posted on

Largest Increase Ever Recorded: Producer Prices Jump 11.2% from a year ago in March

external content.duckduckgo 28

the staff of the Ridgewood blog

The Producer Price Index for final demand increased 1.4 percent in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This rise followed advances of 0.9 percent in
February and 1.2 percent in January.  On an unadjusted basis, final demand prices moved up 11.2 percent for the 12 months ended in March, the largest increase since 12-month data
were first calculated in November 2010.

Continue reading Largest Increase Ever Recorded: Producer Prices Jump 11.2% from a year ago in March

Posted on

The Consumer Price Index Rose 8.5%, the largest 12-month increase since December 1981

external content.duckduckgo 28

the staff of the Ridgewood blog

Ridgewood NJ, the Consumer Price Index for All Urban Consumers (CPI-U) increased 1.2 percent in March on a seasonally adjusted basis after rising 0.8 percent in February,
the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.5 percent before seasonal adjustment.

Continue reading The Consumer Price Index Rose 8.5%, the largest 12-month increase since December 1981

Posted on

CNBC Poll : 81% of Respondents Believe a Recession is Likely to Happen this Year

20220401 065256 scaled

the staff of the Ridgewood blog

Ridgewood NJ, as previously reported on the Ridgewood blog ,the Consumer Price Index surged 7.9% in February . Prices are going up on everything from the food you put on the table to the gas that powers your car.

Continue reading CNBC Poll : 81% of Respondents Believe a Recession is Likely to Happen this Year

Posted on

Data Suggests Inflation Pressures Are Sending Recessionary Signals

0831_gold_630x420

the staff of the Ridgewood blog

Ridgewood NJ, inflation is now at 7.9% – a 40-year high, according to government figures. Clearly the categories of gas, food, and housing, it’s considerably higher.

Continue reading Data Suggests Inflation Pressures Are Sending Recessionary Signals

Posted on

Most Voters Blame Biden’s Policies for Inflation

275237638 1830753800462369 1298180512091471525 n

the staff of the Ridgewood blog

Washington DC, President Joe Biden’s policies have increased inflation, according to a majority of voters, who expect the issue to be important in November midterm elections.

Continue reading Most Voters Blame Biden’s Policies for Inflation

Posted on

Federal Reserve Approves 1/4 Point Rate Hike ,first Interest Rate Increase in Over Three Years

Fed Chairman Jerome Powell2

Washington DC, Federal Reserve issues FOMC statement :

“Indicators of economic activity and employment have continued to strengthen. Job gains have been strong in recent months, and the unemployment rate has declined substantially. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures.”

Continue reading Federal Reserve Approves 1/4 Point Rate Hike ,first Interest Rate Increase in Over Three Years

Posted on

Wholesale Prices Up 10%

inflation scaled

the staff of the Ridgewood blog

Washington DC, the Producer Price Index for final demand increased 0.8 percent in February, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This rise followed advances of 1.2 percent in January and 0.4 percent in December 2021.  On an unadjusted basis, final demand prices moved up 10.0 percent for the 12 months ended in February.

Continue reading Wholesale Prices Up 10%

Posted on

Prices Surge as Inflation Rate hits 7.9 percent, fastest rate since 1982

Grocery-Store

the staff of the Ridgewood blog

Ridgewood NJ, , Consumer prices rose 0.8 percent in February and 7.9 percent over the last 12 months, according to data released Thursday by the Labor Department.

Continue reading Prices Surge as Inflation Rate hits 7.9 percent, fastest rate since 1982

Posted on

Governor Murphy’s Budget Address Omits Cascading Challenges on Main Street Businesses, Unemployed, Workforce Shortages, Inflation, or Unprecedented supply-chain disruption

external content.duckduckgo 24 scaled

the staff of the Ridgewood blog

Trenton NJ,  Governor Phil Murphy (D) delivered his budget address for New Jersey’s upcoming fiscal year today, outlining the administration’s fiscal and policy priorities.

Continue reading Governor Murphy’s Budget Address Omits Cascading Challenges on Main Street Businesses, Unemployed, Workforce Shortages, Inflation, or Unprecedented supply-chain disruption

Posted on

Stockton University Poll : As inflation rises, a Majority of New Jersey Residents are Pessimistic about Economic Conditions

Grocery-Store

the staff of the Ridgewood blog

Galloway NJ, most New Jersey adults have maintained or improved their financial status as COVID-19 surged and waned in recent months. But as inflation rises, a majority are pessimistic about economic conditions, according to a Stockton University Poll released today.

Continue reading Stockton University Poll : As inflation rises, a Majority of New Jersey Residents are Pessimistic about Economic Conditions

Posted on

Inflation: Wholesale Prices Jump 1% , Up 9.7% For the Year

Fed Chairman Jerome Powell

the staff of the Ridgewood blog

Ridgewood NJ, the Producer Price Index (wholesale prices) for final demand increased 1.0 percent in January, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This rise followed advances of 0.4 percent in December 2021 and 0.9 percent in November.

Continue reading Inflation: Wholesale Prices Jump 1% , Up 9.7% For the Year

Posted on

Inflation Rose at the “Faster then Expected ” Pace of 7.5%

Fed Chairman Jerome Powell

Inflation the largest 12-month increase since the period ending February 1982

the staff of the Ridgewood blog

Ridgewood NJ, the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in January on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 7.5 percent before seasonal adjustment. Increases in the indexes for food, electricity, and shelter were the largest contributors to the seasonally adjusted all items increase. The food index rose 0.9 percent in January following a 0.5-percent increase in December.

Continue reading Inflation Rose at the “Faster then Expected ” Pace of 7.5%

Posted on

FED Leaves Rates Unchanged

Fed Chairman Jerome Powell2

the staff of the Ridgewood blog

Washington DC, the Federal Reserve kept its interest rates range at near-zero levels Wednesday but hinted at future tightening and balance sheet realignment.  The Fed signaled a slow and steady approach to surging inflation.

Continue reading FED Leaves Rates Unchanged

Posted on

Richard H. Clarida announces his intention to resign from the Board of Governors of the Federal Reserve System on January 14, 2022

external content.duckduckgo 20

the staff of the Ridgewood blog

Washington DC, Richard H. Clarida announced on Monday his intention to resign from the Board of Governors of the Federal Reserve System on January 14, 2022. He has been a member of the Board and Vice Chair since September 17, 2018.

Continue reading Richard H. Clarida announces his intention to resign from the Board of Governors of the Federal Reserve System on January 14, 2022

Posted on

Fed Accelerating Rate Hikes to Cut Again Soon

Fed Chairman Jerome Powell2

By Charles Stampul

Stocks declined sharply yesterday in response to the release of FOMC meeting minutes showing a commitment to increase (or normalize) rates sooner than expected.
Continue reading Fed Accelerating Rate Hikes to Cut Again Soon