Inflation
Every Sainteur story on inflation, newest first.
Producer prices rose 6.5% in the year through October, the largest 12-month increase since November 2022
The index rose 0.3 percent in October, seasonally adjusted, after a 1.4 percent advance in September. That was against a Dow Jones consensus for a 0.4 percent increase, CNBC said.
Bitcoin falls below $70,000 for the first time since August
It was at $69,172, down 4.64% as of Nov 13, 8:14 AM ET. Dow Jones Newswires said it is on track for a sixth weekly loss.
IRS raises the 2027 standard deduction to $33,200 for joint filers, up $1,000
The IRS raised the 2027 standard deduction to $33,200 for joint filers, up $1,000 from 2026, and to $16,600 for single and separate filers, and to $24,925 for heads of households. The maximum child tax credit is $2,300, up $100, and the refundable amount is $1,800, also up $100.
Fed's Waller leans toward a December rate hike, even if October inflation improves
He said a 50 basis point increase should be considered if October's CPI reading looks like the past two months, and that hiking only a quarter point in that case would put the Fed's credibility at risk. The remarks are his own views, not a Committee decision.
Consumer prices rose 0.4% in October, more than expected
The CPI rose a seasonally adjusted 0.4 percent in October, above the 0.3 percent Dow Jones survey forecast, after 0.6 percent in September, the BLS said. Core CPI rose 0.3 percent versus a 0.2 percent forecast. BLS published no yearly all-items rate, lacking October 2025 data.
Oil rises after reported US strikes on Iran's Qeshm Island, a day after talk of a diplomatic deal
US officials say Washington has carried out low-profile strikes on Iran for weeks, even as Vance and Rubio talk up a negotiated end to the war.
Gold rebounds from a one-year low as oil's slide eases inflation worries
Gold rebounded Monday from a one-year low as falling oil eased inflation worries, CNBC reported. Traders now put the odds of a December Fed rate hike at roughly 75%, down from 80% a week ago, per CME's FedWatch Tool.
Consumer confidence jumps to 91.7, but the long-term trend is still down, Conference Board says
The Conference Board's index rose 7.5 points to 91.7, well above the 81.0 economists expected, per investingLive. The figures are preliminary, and September was revised up.
Gold didn't break as a haven. It got sold for cash as hike bets rose
Gold fell below $4,000 as markets priced a 78% chance of a December hike and margin calls hit. In my view that's gold working as cash, and the real story is the Fed's bind.
Family health coverage through work now costs $28,303 a year, and what workers pay is rising faster
KFF's annual survey shows the average employer family premium rose 5% in 2026, while workers' $7,471 contribution rose 9%, faster than wages or inflation.
Gold falls below $4,000 for the first time since July as oil fuels Fed hike bets
Rising oil prices lifted Fed rate-hike bets and a tech sell-off pushed investors to sell gold to cover losses, leaving the traditional haven on track for its worst week since June.