Even in the face of surging grocery prices, retail beef and pork prices cause sticker shock
Laura Reiley, 29 May 2021
As food prices continue to rise, beef and pork have surged out front.
Overall food prices rose 0.4 percent from March, and are up 1 percent from a year ago, according to data released by the Bureau of Economic Analysis on Friday. The price of pork soared 2.6 percent in the month of April and 4.8 percent from a year ago, adjusting for seasonality. And while beef and veal prices stayed fairly flat for the month, they are up 3.3 percent from a year ago.
In a season that routinely sees increased demand for beef and pork, this goes far beyond people excited to get back outside to barbecue. Continue reading “Article: Even in the face of surging grocery prices, retail beef and pork prices cause sticker shock”
SNB Threw $118 Billion at FX Campaign as U.S. Alarm Bells Rang
Catherine Bosley, 22 March 2021
The Swiss National Bank spent 110 billion francs ($118 billion) on interventions in 2020, evidence of heightened market activism that risks fueling more tension with the U.S.
The tally is the highest since 2012 and indicates officials purchased currency worth 9 billion francs in the fourth quarter, when the U.S. Treasury branded Switzerland a currency manipulator. Such eye-watering sums won’t escape the attention of President Joe Biden’s new administration in Washington, which doesn’t appear to be breaking with the stance of its predecessor.n Continue reading “Article: SNB Threw $118 Billion at FX Campaign as U.S. Alarm Bells Rang”