Brent/USD

In May 2026, household spending on goods rebounded month-on-month (+0.5% in volume* after -0.5% in April). Energy consumption rose again (+2.3% after -3.2%), consumption of manufactured goods slowed (+0.1% after +0.4%), while food consumption remained stable (after -0.2%). In May 2026, household energy expenditures rebounded (+2.3% after -3.2% in April). ...

This post was meant to be a deep dive into the inflation data. Mostly, it still is. But this morning, the Supreme Court ruled in Lisa Cook's favor, blocking her removal from the Fed over unproven allegations. So monetary policy stays guided by data, like inflation, employment, and in the hands of the Fed, not the President. The same day's events also ...

CNBC's Frank Holland is joined by Jim Bullard, former president of the Federal Reserve Bank of St. Louis, to discuss the Supreme Court's ruling that President Trump does not have the authority to fire Federal Reserve Governor Lisa Cook from the central bank for now as well as what may be next for monetary policy.

Gasoline Retailers must get their Prices down, IMMEDIATELY! They’re too high considering that Oil is now at $68 a Barrel, and heading south. The Retailers must quickly react to this statement, and do what they know is right — DROP YOUR PRICE FOR OUR GREAT AMERICAN PEOPLE! There will be no gauging, which is totally illegal. If Retailers don’t do this, big problems lie ahead! Start targeting around the $2.50 a Gallon number, and California should stop charging such heavy Taxes on their Gasoline. Soon the Tax will be higher than the Product itself, and the United States will not stand for it, nor will the People of California, who are being abused by these ridiculous Taxes, and by their own Government. President DONALD J. TRUMP

TRUMP AUTHORISES TEMPORARY SUSPENSION OF CERTAIN DUTIES ON PHOSPHATE FERTILIZER IMPORTED FROM MOROCCO - WHITE HOUSE Declaration of Emergency and Authorization for Temporary Duty Free Importation of Phosphate Fertilizer from Morocco 1. Fertilizers are an essential component of agriculture and food production. Producers of corn, soybeans, wheat, and a variety of other crops need phosphate fertilizers to ensure strong crop yields to feed the population. Food production is critical to human health, farm security, and to the function of major sectors of the economy, and even isolated interruptions in food production can have serious health and economic consequences. Robust and reliable food production is therefore critical to the economic and national security of the United States. 2. During the planting and growing season, soil and crops require critical nutrients, including the phosphorus supplied by phosphate fertilizers, and in the coming months, farmers will apply more than half of annually consumed phosphate fertilizers between the fall and very early spring prior to next spring’s planting. To ensure a stable food supply, predictable and timely sources of phosphate fertilizer must be procured to meet United States demand, which requires adequate supply of phosphate fertilizer, a critical type of plant food.

It's going to be a blockbuster kind of week for the Canadian economy. The deadline to renew Canada-U.S.-Mexico Agreement will (almost assuredly) swoosh by on Wednesday, accompanied by a chorus of commentary and recriminations. Before we get there, we will get the latest GDP numbers for April on Tuesday. The economy has been struggling to find its footing. ...

Federal Reserve Chairman Kevin Warsh is wasting little time putting his stamp on the nation's central bank, launching what amounts to a top-to-bottom review of how the Federal Reserve operates as he seeks to restore its credibility after the past five years of inflation running above the Fed's 2% target, The New York Times reports. Just weeks into the job, ...

The Supreme Court ruled Monday that President Donald Trump does not have the authority to fire Federal Reserve Governor Lisa Cook from the central bank for now. The court did not rule whether Trump ultimately will have the power to fire Cook or any other member of the Fed. Instead, the 5-4 ruling rejected Trump’s bid to pause a lower federal court ruling ...

The Cook Lawsuit, having to do with her suitability in sitting on the Board of the Federal Reserve, was sent back by the Supreme Court on a strictly procedural basis, we will take appropriate action immediately to make sure that someone who has committed wrongdoing will not be making vital decisions concerning the Welfare of the United States of America! Thank you for your attention to this matter. President DONALD J. TRUMP

SUPREME COURT LETS FED'S LISA COOK STAY IN JOB FOR NOW SCOTUS Declines To Let President Trump Remove Fed Governor Lisa Cook Supreme Court rules 5-4 against Trump on Lisa Cook "At minimum, Cook was entitled to some explanation of the evidence at issue, some avenue for a response, and a deadline by which a response would be due."