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U.s. Jan. Ppi Rises 1% On Energy And Food

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Must drop the rates to stop this. :lol:

http://www.marketwatch.com/news/story/econ...p;dist=hplatest

U.S. Jan. PPI rises 1% on energy and food

Year-over-year increase highest since 1981

By Greg Robb, MarketWatch

Last update: 8:30 a.m. EST Feb. 26, 2008

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WASHINGTON (MarketWatch) - Producer prices soared in January, pushed higher by energy prices and the biggest increase in food prices in more than three years.

The January producer price index climbed by 1%, the Labor Department reported Tuesday. The PPI had fallen 0.3% in December after a jump of 2.6% in November.

The core PPI, which excludes food and energy prices, rose 0.4%, driven by higher drug and car prices.

Year over year, the PPI is up 7.4%. This is the fastest pace since 1981. Over the same time period, the core PPI is up 2.3%.

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We'll see.

http://www.cnbc.com/id/23348937

Treasury Official Says Fed's Credibility "Rock Solid"

Topics:Ben Bernanke | Federal Reserve | Economy (Global) | Economy (U.S.)

By Reuters | 26 Feb 2008 | 08:01 AM ET

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The U.S. Federal Reserve's credibility on inflation remains untarnished by its aggressive easing of monetary policy in the face of rising price pressures across many global commodity markets, a senior U.S. Treasury Department official said on Tuesday.

"The Fed's credibility on inflation is rock solid," said Phillip Swagel, Treasury Assistant Secretary for Economic Policy, adding: "overall, inflationary expectations remain contained."

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Must drop the rates to stop this. :lol:

http://www.marketwatch.com/news/story/econ...p;dist=hplatest

U.S. Jan. PPI rises 1% on energy and food

Year-over-year increase highest since 1981

By Greg Robb, MarketWatch

Last update: 8:30 a.m. EST Feb. 26, 2008

PrintPrint EmailE-mail Subscribe to RSSRSS DisableDisable Live Quotes

WASHINGTON (MarketWatch) - Producer prices soared in January, pushed higher by energy prices and the biggest increase in food prices in more than three years.

The January producer price index climbed by 1%, the Labor Department reported Tuesday. The PPI had fallen 0.3% in December after a jump of 2.6% in November.

The core PPI, which excludes food and energy prices, rose 0.4%, driven by higher drug and car prices.

Year over year, the PPI is up 7.4%. This is the fastest pace since 1981. Over the same time period, the core PPI is up 2.3%.

Yeah, but do they have Tesco in the States ?

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One day the treasuries market is going to wake up. Considering how many years it has ignored inflation the move is likely to be seismic.

OnlyMe

Totally agree. US treasuries are the bubble of 2008. Yields are now seriously negative. One day, there will be run on treasuries, and rates will adjust.

There is an interesting parallel here between the UK crisis in the mid-1970s and the US situation today. Back in 1976, there was a run on UK gilts. No one wanted UK government paper. Inflation was high, there was a current account deficit and the economy had slowed dramatically. I reckon the UK circa 1976 is a blueprint for the coming run on US government paper.

Alice

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Edited by Alice Cook

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OnlyMe

Totally agree. US treasuries are the bubble of 2008. Yields are now seriously negative. One day, there will be run on treasuries, and rates will adjust.

There is an interesting parallel here between the UK crisis in the mid-1970s and the US situation today. Back in 1976, there was a run on UK gilts. No one wanted UK government paper. Inflation was high, there was a current account deficit and the economy had slowed dramatically. I reckon the UK circa 1976 is a blueprint for the coming run on US government paper.

Alice

Visit My Website

Yes, good point, a lot of the sequence of run-ups is very similar to the 70's.

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  • 292 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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