Economists keep pointing to consumer spending as proof that the American economy remains strong. Americans spent 0.9% more in August, and naturally this is being...
The housing market is being squeezed from a direction most people still do not understand. The 30-year mortgage rate jumped from 7.03% to 7.28% in a single week,...
Iran is now watching its economy unravel in real time. The Statistical Center of Iran reports that GDP collapsed 10.1% during the first quarter of the Iranian...
The Federal Reserve has raised interest rates for the first time in three years, increasing the federal funds target by 25 basis points to 3.75%–4.00%. The...
Consumer prices in the USA rose 0.4% in August, four times July’s 0.1% increase, while annual inflation remained at 3.4%. The politicians will point to that...
The Federal Reserve’s preferred inflation gauge rose again in July, with the headline Personal Consumption Expenditures index increasing 0.2% for the month...
The politicians continue to speak about the Strait of Hormuz as though this were merely a regional dispute between Iran and its neighbors. That is complete...
Wholesale prices were unchanged in July, coming in below expectations for a 0.2% increase. The Producer Price Index was flat after a revised 0.1% decline in June,...
The Consumer Price Index rose just 0.1% for the month after declining 0.4% in June, bringing the annual rate down slightly from 3.5% to 3.4%. Core CPI rose 0.2% and...
Iran International reports that the average advertised monthly rent in Tehran has climbed to 723 million rials, or about $389 at the open-market exchange rate. Many...
