Sign Of The Times! US Gasoline Prices Decline To $4.94, Diesel Prices Rise To $5.80 As Recession Fears Mount (Reverse Repos At Fed Hit All-time High)

by confoundedinterest17

The speak of a gasoline tax “vacation” out of Washington DC is pure Kabuki theater. It’s purely an indication of the instances with Biden nonetheless making an attempt accountable Putin for rising gasoline costs and inflation and ignoring his anti-fossil gasoline insurance policies that helped drive vitality costs AND inflation by the roof.

Every day common gasoline costs have dipped under $5.00 to $4.94 whereas diesel gasoline, the lifeline of the transport trade, rose barely to $5.80. I suppose the oldsters transport meals and different items don’t get a vacation.

Word that the implied Fed goal fee has fallen a bit because the chance of a recession will increase.

And why are banks stashing a lot cash at The Fed within the type of reverse repos? Worry of recession, maybe?

The Biden Administration is settling all types of data, and none are good.