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Rate-Hike Odds Spike As Fuel Costs Push US Producer Prices Higher
Rate-Hike Odds Spike As Fuel Costs Push US Producer Prices Higher
In a relatively unusual turn around, US producer prices hit today ahead of tomorrow's CPI. Interestingly Consumer prices get all the headlines, it is PPI that offers the most read-throughs for Core PCE - The (old) Fed's favorite inflation gauge).
Headline producer pries were expected to rebound significantly from July's flatline as oil prices rebounded on re-escalations in the MidEast, and they printed right in line, up 04.% MoM in August (with July's revised up to +0.1% MoM. That lifted...
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May 15, 2026 / Tyler Durden
India Raises Fuel Prices For The First Time In Four Years
India Raises Fuel Prices For The First Time In Four Years
Submitted by Irina Slav of OilPrice.com
Indian state refiners raised their retail prices for gasoline and diesel by the equivalent of $0.031 per liter in response to tighter crude oil availability. This is the first fuel price hike in India in four years, Bloomberg noted in a report on the news.
The hike amounts to over 3% and was necessitated by the global crude oil price surge that resulted in losses for India’s refiners. Still, New Delhi put off the price...
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Apr 13, 2026 / Tyler Durden
Pope Leo Says 'I Am Not Afraid Of Trump' - Amid War Of Words Over Iran Conflict
Pope Leo Says 'I Am Not Afraid Of Trump' - Amid War Of Words Over Iran Conflict
An open public clash between the Pope and President Trump was perhaps bound to happen given the Vatican's increasingly vocal criticism and condemnation of US military action in the Middle East. The Vatican has been consistently anti-war especially going back to the Iraq invasion and US occupation under the Bush administration.
While recent years and decades have seen successive popes move a bit leftward on general matters of moral theology (particularly the last one,...
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Nov 10, 2026 / Tyler Durden
"Gayest" Democrat Congressman Bizarrely Compares Himself To Murderous Clown Who Terrorizes Children
"Gayest" Democrat Congressman Bizarrely Compares Himself To Murderous Clown Who Terrorizes Children
Rep. Robert Garcia (D-CA), who once proudly declared himself the "gayest" member of Congress, has comparing himself to Pennywise, the murderous clown from Stephen King's It, as Democrats prepare to launch a wave of investigations targeting President Donald Trump and his allies.Garcia, who is expected to chair the powerful House Oversight Committee in January, posted an image on X showing the sinister clown lurking inside a storm drain."When they go low this is me," Garcia wrote.when they go...
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