By Tom Burnett CFA On June 14, 2022, the Bureau of Labor Statistics released the Producer Price Index data for the month of May. Prices rose 0.8% in May, following increases of 0.4% in April and 1.6% in March. Producer prices advanced 10.8% in the 12 months ending in May. In May, the Index for...
By Tom Burnett CFA On June 10, 2022, the Bureau of Labor Statistics released the Consumer Price Index information for the month of May. Prices rose 1.0% in May, compared to an increase of 0.3% in April. Energy prices increased 3.9% in May after declining 2.7% in April. Food prices rose 1.2% in May. For…
By Tom Burnett CFA On June 7, 2022, the World Bank released its mid-year economic forecast report, updating the estimates from it January 2022 report. All the major economic regions have been downgraded in terms of economic growth as defined by GDP (Gross Domestic Product). We note that the latest projections…
By Tom Burnett CFA According to the June 7 edition of WSJ.com, the commodities group is by far the best performing asset class of the 2022 year. The Bloomberg Commodity Index is up 37.5% this year, led by the energy and food sectors. Natural Gas has risen an astonishing 149.9% and gasoline is up 88.2%…
By Tom Burnett CFA On June 3, 2022, the Bureau of Labor Statistics released the employment data for the month of May. Total employment increased by 390,000 to just over 152 million, down by only 822,000 from the February 2020 high (prior to the Covid-19 outbreak). The unemployment rate was 3.6%, unchanged…