The Bureau of Labor Statistics (BLS) released the CPI for July this morning. The CPI was up 0.2 percent for the month and 2.7 percent year-over-year. The rate was down from 0.3 percent in June and steady with the year-over-year of 2.7 percent at the end of June. However, the core CPI, which the Fed monitors, rose faster at 0.3 percent in July and 3.1 percent year-over-year, the fastest annual pace in five months.
Perhaps more telling, the CPI for services was up virtually across the board. Transportation services were up 0.8 percent, hospital services were up 0.5 percent, medical care services were up 0.8 percent month-over-month in July. Airline fares were up 4 percent, the largest increase in three years, and dental services were u...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
