UMich Sentiment Slumps In August As War Re-Escalated, Inflation Fears Tick-Up

Even the federal government's official data shows that price growth is well above the Federal Reserve's two-percent target. In fact, price inflation is now at multi-year highs, and there is good reason to think this will continue.

"WE GOT HIM!": Trump Says As 2nd Downed Pilot Recovered In High Risk Iran Special Forces Raid After 'Dicey' Firefight Summary Second downed pilot recovered after US Special Forces raid and firefight inside Iran. Fire Breaks Out At Kuwait Oil Ministry Complex After Iran Drone Strike President Trump reminds Iran of deal timeline, threatens "all hell will reign down" if time runs out. Israel launched heavy strikes on Tehran, targeting Iranian air-defense and ballistic-missile sites, while a projectile also hit the perimeter of Iran's Bushehr nuclear plant The U.S. military continued search operations for an...

Agricultural Commodity Prices Break Out As JPMorgan's Food Crisis Warning Gets Louder JPMorgan analyst Nora Szentivanyi's warning last week that the next global food crisis could begin as early as next year has been a major wake-up call for some, adding to the growing voices on institutional desks warning that food inflation is poised to re-accelerate.  Remaining extra watchful about agricultural prices, Bloomberg reported earlier that US corn futures moved higher after preliminary results from the Pro Farmer Crop Tour indicated weaker-than-expected yields in parts of critical growing belts across the Midwest. Corn yield estimates...