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Core PCE Rises Most In 3 Years; Savings Rate Tumbles As Spending Far Outpaces Income The Fed's favorite inflation indicator - Core PCE - rose 0.3% MoM in January (as expected), a dip from the 0.4% sequential increase in February, with YoY rising by 3.2% (also as expected), slightly higher than the 3.0% in Feb. That is the highest annual increase in Core PCE since Nov 2023.  The headline PCE jumped notably more, as expected since it includes non-core items like energy and food, rising 0.7% MoM (as expected) driving prices up...

UAE Oil Output Hits All-Time High, Doubling Pre-Crisis Levels Confirming reports from earlier this week, the latest estimates from the International Energy Agency signaled that the United Arab Emirates (UAE), which unexpectedly quit OPEC earlier this year in a shock move that threatened the cohesion of OPEC, produced 4.1 million barrels per day (bpd) of crude oil in June, its highest output ever. The UAE’s crude oil production jumped from 3.3 million bpd in May to 4.1 million bpd in June after the country left OPEC effective May 1, started raising output, and...

Tylenol Use In Pregnancy May Reduce Daughters' Fertility, Study Finds Authored by Rachel Roberts via The Epoch Times, Female reproductive organ development could be impacted by a mother taking Tylenol - also known as acetaminophen or paracetamol - during pregnancy, according to researchers in Denmark. Tylenol and acetaminophen tablets in a CVS store, in this file photo. Ronaldo Schemidt/AFP via Getty Images On average, infant girls exposed to the pain relief drug in the womb had smaller ovaries; fewer ovarian follicles, which are the structures that contain immature eggs; smaller wombs; and lower...