us bank deposits have stabilized and risen since the 2023 banking panic, showing that confidence is slowly returning.
Source: BofA, Markets & Mayhem
The US is now producing more oil than any country has in history
Source: Michel A.Arouet, Chartr
Where Inflation Is... and Isn't ...
source : yahoofinance, acemaxx
The US Producer Price Index surged by 0.6% MoM in February 2024, marking the largest increase since August and surpassing expectations.
Goods prices rose notably, led by a 4.4% surge in energy costs. Meanwhile, services edged up by 0.3%. Despite a slowdown in core rate growth, yearly inflation accelerated to 1.6%, surpassing forecasts. YoY: 1.6% vs 1.1% est. MoM: 0.6% vs 0.3% est. Core YoY: 2% vs 1.9% est. Core MoM: 0.3% vs 0.2% est. Bottom-line >>> PPI came in stronger than expected driven by a surge in energy costs and higher insurance costs among other categories. Not a breakout to the upside, but declining trend is leveling off.
Visualizing the Rise of the U.S. as Top Crude Oil Producer - by Elements & Visual Capitalist
Over the last decade, the United States has established itself as the world’s top producer of crude oil, surpassing Saudi Arabia and Russia. This infographic illustrates the rise of the U.S. as the biggest oil producer, based on data from the U.S. Energy Information Administration (EIA).
Where us inflation is and where it isn’t
Source: Evan, Yahoo Finance
A record number of Americans are taking hardship withdrawals from their 401k.
The figure has nearly doubled over the last four years. 40% of these hardship withdrawals are to avoid foreclosure. Source: Nick Gerli, Wall Street Journal
US inflation looks sticking, at least decline in the US headline CPI is stalling since Jun 2023.
In Feb, CPI rose by 0.4%MoM, both overall & excluding energy & food. Prices for services in particular increased, reflecting rising wage costs. High inflation rate in Jan was not an outlier. Source: Bloomberg, HolgerZ
