Poised to Accelerate

August 12, 2022 The markets survived the recession scare in the first two quarters of this year.  However, they remain convinced that the peak in interest rates is not too far distant.  Thus, they believe that growth will have slowed enough, and inflation will have...

Producer Price Index

August 11, 2022 The Producer Price Index for final demand  includes producer prices for goods, as well as prices for construction, services, government purchases, and exports and covers over 75% of domestic production. Producer prices for final demand fell 0.5% in...

Initial Unemployment Claims

August 11, 2022 Initial unemployment claims rose 14 thousand in t he week ending August 6 to 262 thousand after climbing 11 thousand  in the previous week. The level has been rising slowly but steadily since reaching a low of 170 thousand in early April.  That works...

Gasoline Prices

August 10, 2022 Gasoline prices fell $0.15 in the week ending August 8 to $4.04 after having fallen $0.14 in the previous week. Prices have now fallen $0.97 since reaching a peak in mid-June.   In South Carolina gasoline prices tend to about $0.25 below the national...