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U.S. import prices increased 1.9 percent in May, the U.S. Bureau of Labor Statistics reported today, following a 2.0-percent rise in April. Higher prices for fuel imports and nonfuel imports drove the advance in May. Prices for U.S. exports increased 1.3 percent in May, after rising 3.5 percent the previous month. Prices for U.S. imports advanced 1.9 ...
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for May 2026: Privately-owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,413,000. This is 0.7 percent below the revised April rate of 1,423,000 and is ...
For the four weeks ending May 30, 2026, U.S. private employers added an average of 25,500 jobs per week, according to the NER Pulse, a weekly update of the monthly ADP National Employment Report (NER). Employment growth slowed for the fourth week. These numbers are preliminary and could change as new data is added. The NER Pulse is an estimate of the ...
Ever since Kevin Warsh was nominated by President Trump in late January to lead the Federal Reserve, a question has lingered: Will he seek to raise interest rates to tame inflation or cut them as Trump has long demanded? On Wednesday, Warsh may provide the first hints of an answer when he oversees his first Fed policy meeting as chair and holds a news ...
The Lincoln Memorial Reflecting Pool still needs some algae emancipation. Just days after the iconic Reflecting Pool reopened following President Trumps $14 million renovation to seal the concrete bottom with an American flag blue, its familiar gnarly-looking green algae once again took over. Versus previous administrations, the National Park Service is ...
European Central Bank President Christine Lagarde said on Monday that the ECB had increasingly observed indirect inflation effects spreading across the economy in recent weeks. In an interview with Radio France, Lagarde said that "[¡Indirect effects of inflation, we have absolutely started to see that more or less everywhere in recent weeks." She said that ...
President Donald Trump has warned France must scrap a 3% tech sales tax or face 100% tariffs on U.S. imports of its wines and champagne, the NY Post reported Monday. The president issued the threat ahead of this weeks G7 summit in Évian-les-Bains, France. I asked [President Emmanuel Macron] not to charge American companies, and if they do, I have no ...
*US OIL RESERVE HITS 43-YEAR LOW AS TRUMP AIMS TO TAME GAS PRICE
From omfif.org | 21 hr ago
Financial media, academic work and analyst reports are replete with references to a multipolar international currency system, including discussions about the fate of dollar dominance and prospects for alternatives. But what is a multipolar currency system? There is no uniform definition, and this article does not seek to create one. Analysts should be ...
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