-
US: Fuel for the 2nd Wave of Inflation: Import Prices of Manufactured Goods, Driven by Computers & Electronic Products
The US imports about $3.3 trillion worth of goods a year currently, and so import prices matter to inflation in the US. Import prices had exploded during the first wave of inflation in 2021 through early 2023 amid the supply chain chaos and shortages at the time. Then import prices fell and gave up part of those price gains and then remained relatively flat until the beginning of this year. Over the first six months this year through June, import prices of all goods have shot up by 6.6% to a new record high. Year-over-year, they’re up by 7.1%, according to the Bureau of Labor Statistics today (import prices do not ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
Markets are pricing in at least one more interest-rate increase from the U.S. Federal Reserve this year following hotter inflation data and a more hawkish tone from policymakers. Consumer prices rose 3.5% in the year through June, less than markets expected and a slowdown from 4.2% in May, which was the highest annual increase in three years. Meanwhile, new ...
U.S. President Donald Trump says the cost of pollution from wildfire smoke drifting south of the border “must” be added to the tariffs imposed on Canadian goods. “We are holding Canada responsible for the fact that they are not properly maintaining their Forests, and Brush therein, and the United States is being unnecessarily invaded by filthy, polluted, ...
From economics.bmo.com | 21 hr ago
This is an unusual time for markets, with a reasonable debate for both sides on whether the next move by central banks will be to hike or cut interest rates. Certainly, markets are leaning to at least one hike by the Fed and perhaps half of one by the Bank of Canada by the end of 2026, but there’s not much conviction. All it would take to wash away those ...
- Story Stats
- Jul 18, 3:48pm | 12 hr ago Posted byFundamental Analysis2,406
- 7 traders viewing now, 1 is registered:
