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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
Social Security benefits are set to rise by 8.7% in 2023, the biggest bump in four decades as stubbornly high inflation erodes the buying power of retired Americans, the Social Security Administration said on Thursday. The increase, known as a cost-of-living adjustment (COLA), is the biggest since 1981, when recipients saw an 11.2% jump. More
READ MOREDomestic Flavor: Rosie the Riveter: The preliminary December Markit Manufacturing PMI continued its freefall, dropping to an alarming 46.2 vs. 47.7. Services were even worse, 44.4 vs. est. of 46.8 The Talking Fed: NY Fed President John Williams said that the Fed is focused on doing “what is necessary” to lower inflation to 2% and
READ MOREThe Federal Reserve on Wednesday raised its benchmark interest rate by 50 basis points, slowing its campaign to cool the economy amid early signs that stubbornly high inflation is finally starting to ease. The widely expected move puts the key benchmark federal funds rate at a range of 4.25% to 4.5%, the highest since before
READ MORERetail Snails: November headline Retail Sales were dismal, down -0.6% vs. est. of -0.1%. Ex-Autos, they were down -0.2% vs. est. of +0.2%. Jobs, Jobs, Jobs: Initial Weekly Jobless Claims were much lighter (better) than expected, 211K vs. est. of 230K. The more closely watched 4 week moving average dropped to 227K. Continuing Claims matched
READ MORETaking it to the House: Weekly Mortgage Applications were up 3.2%. Purchase Applications saw the biggest gain at 4.0% and Refinances were up 2.8%. Genco Olive Oil: Import Prices were down -0.6% vs. est. of -0.5% and Export Prices were down -0.3% vs. est. of -0.6% The Talking Fed: Starting at 2 pm ET, we
READ MOREInflation moderated more than expected in November, but consumer prices remained near a multi-decade high, continuing to squeeze millions of U.S. households and small businesses. The Labor Department said Tuesday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 0.1% in November from the
READ MOREThree Things: These are the three areas that have the greatest ability to impact your backend pricing this week. 1) The Talking Fed, 2) Central Bank Palooza and 3) Inflation Nation. 1) The Talking Fed: On Wednesday we get the Fed’s latest Interest Rate Decision and Policy statement. The bond market has a 50BPS rate
READ MOREU.S. producer prices rose faster than expected in November, in another sign that inflation isn’t coming down as fast as the Federal Reserve would like. The producer price index rose by 0.3% from October, more than the 0.2% consensus, and October’s number was also revised up to 0.3% from 0.2%. The picture was flattered by volatile food
READ MOREInflation Nation: November Producer Price Index was hotter than expected with the MOM Headline reading increasing by 0.3% vs. est. of 0.1%, plus October was revised higher. YOY, it matched forecasts at 7.4% which is lower than October’s YOY upwardly revised pace of 8.1%. Core PPI (ex food and energy) was also higher than expected.
READ MORETrade Balance: The October total Goods and Services Trade Balance was -$78.2.B vs est of -$79.1B but it was much larger than September’s level of -$73.28B as exports fell to lowest level since June. Central Bank Palooza: The Reserve Bank of Australia increased their main interest rate by 25BPS which was widely expected. Interest rates
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