By Rick Manning For years major U.S. domestic sugar users like the candy industry, have pushed for the elimination of the U.S. government sugar price support system with the goal of flooding the market with sugar from around the world. Now Americans should realize why this […]

By David Potter Baby formula shortages in the United States have been an issue since 2021 but recently have become much worse. For the first 7 months of 2021, out of stock (OOS) rates were between 2 percent and 8 percent. The second half of last year […]

By Robert Romano Ever since inflation first rose above 5 percent in June 2021, the Federal Reserve has kept its policy rate far below that of the inflation rate , even as it reached more than 8 percent the last two months, in order to keep a more accommodative policy stance coming out of the brief 2020 Covid recession. Even now, with […]

By Robert Romano President Joe Biden is promising to boost U.S. production of wheat to offset the loss of Ukrainian and Russian exports from the Black Sea thanks to Russia’s invasion of Ukraine that has shut down the ports there, stating at a farm in Illinois on May 11 that he would extend crop insurance for […]

By A.F. Branco Click here for a higher level resolution version.

By Robert Romano Consumer inflation increased another 8.3 percent annualized in April, according to the latest data compiled by the Bureau of Labor Statistics (BLS) , amid increases in prices for housing, food, airline tickets and new vehicles. And it is crushing wages, with BLS reporting a 2.6 percent drop in real average hourly earnings , thanks to the inflation. Inflation has now been north of 5 percent since June 2021 , in what is […]

By Robert Romano The U.S. economy shed 353,000 jobs in April in the household survey compiled by the Bureau of Labor Statistics (BLS). This came a month after the first quarter ended with the economy contracting 1.4 percent on an inflation adjusted basis, according to data compiled by the Bureau of Economic Analysis (BEA) . If it contracts again in the second quarter, that will be a […]

By Rick Manning

By A.F. Branco Click here for a higher level resolution version.

By Robert Romano The Federal Reserve on May 4 has increased its key interest rate, the Federal Funds Rate, from 0.25 to 0.5 percent, to 0.75 percent to 1 percent , a half a percentage point, and the highest rate hike since the year 2000. “With appropriate firming in the stance of monetary […]