No. of Recommendations: 3
Meanwhile, back on the ranch, what should come no surprise, did.
Producer prices in July rose faster than forecast across the board, giving investors and the Federal Reserve an inflation surprise just over a week out from Fed Chair Jay Powell's crucial Jackson Hole speech.Pre sales, foreign countries eating some costs, and domestic companies absorbing costs due to TACO, wasn’t going to last forever. Eventually, Americans will end up paying the Trump tariffs.
Although I suspect they will shortly be referred to as the Biden tariffs by the current administration.
finance.yahoo.com - Ppi inflation shock core producer prices hit year high in july in head scratching inflation surge 