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“New Yorkers grapple with 24% increase in breakfast ingredients” You can’t make an omelet without breaking the bank. The most important meal of the day has become one of the most expensive — as prices for normal breakfast items such as eggs, butter, milk, coffee and bacon have soared a combined 24% over the cost…
“Biden’s nuclear blindness, why Dems lose rural America and other commentary” Foreign desk: Biden’s Nuclear Blindness “Reality is undermining whatever attraction” the Nuclear Proliferation Treaty once held, warns The Wall Street Journal’s William McGurn. How long before leaders in Taiwan, listening to threats from Xi Jinping, conclude “their only hope is to restart their secret…
“How Costco keeps $1.50 hot dog-and-soda combo despite inflation” Longtime Costco CEO Craig Jelinek recently revealed how the big-box retailer has managed to maintain its $1.50 price point for a hot dog-and-soda combo despite an inflation surge over the last year. Jelinek, the top boss at Costco since 2012, said in-house production of hot dogs…
“The inflation tide has turned — no thanks to the Fed” Abundant emerging signs show that the inflation war is won — no thanks to the Fed. The Federal Reserve rate-hike fixation will run wild on Wednesday, with tongues wagging over what they do and say. That likely stokes short-term volatility — up, down or…
“Consumer prices rose 7.1% in November as Fed rate hike looms” Inflation cooled slightly in November from its decades-high level of previous months, though weary American households still face financial pressure from high prices and rising interest rates during the holiday season. The November reading of the Consumer Price Index, a closely watched measure of…
“Let’s hope GOP nominates Trump, Schiff’s unlawful Twitter threat and other commentary” Lefty: Let’s Hope GOP Nominates Trump The New Republic’s Michael Tomasky wants Republicans to nominate Donald Trump for president in 2024. Why? “He’s become the most beatable” Republican, “by far.” If independents abandon Trump as they did his midterm candidates, there’s “no chance”…
“The GOP House can do investigations and tackle inflation at the same time” The Post made a cameo appearance on “Morning Joe” Monday, to illustrate a typical Democratic talking point: deflection. “If you want to know the future of the Republican Party . . . take a look at the cover of [the] New York…
” ‘Biggest week of the year’ — 5 things to know in Bitcoin this week “ Bitcoin (BTC) starts one of the most important macro weeks of the year in a precarious position below $17,000. After its latest weekly close, BTC/USD showed little upward momentum prior to the Dec. 12 Wall Street open. With volatility…
“US producer prices jump more than expected in November” U.S. producer prices increased a bit more than expected in November, but the underlying trend in inflation is moderating, which could allow the Federal Reserve to slow its pace of interest rate hikes next week. The producer price index for final demand rose 0.3% last month, the Labor Department said on Friday. Data for…
Labor costs point to corporate profit as main inflation driver The continued drop in labor costs has economists pointing to private sector profits as a main driver of inflation, undercutting arguments from the Federal Reserve regarding its plan to bring down consumer prices that remain around 40-year highs. Unit labor costs, which are measured by…