Federal reserve set to lower rates, maybe even 50 basis points, something Trump has bee critically demanding now for months as the FED is behind the curve most definitely now as shown by the data. Employment numbers have been strongly revised down with 1,000,000 fewer jobs created. So Trump was right about this.
WASHINGTON (AP) — U.S. producer prices fell unexpectedly last month, dropping 0.1% from July.
The Labor Department reported Wednesday that its producer price index — which captures inflation in the supply chain before it hits consumers — showed that wholesale inflation decelerated in August after advancing 0.7% in July. Wholesale services prices fell 0.2% from July on smaller profit margins at retailers and wholesalers, which might be a sign that those companies are absorbing the cost of President Donald Trump’s sweeping taxes — tariffs — on imports.
WASHINGTON (AP) — U.S. producer prices fell unexpectedly last month, dropping 0.1% from July.
The Labor Department reported Wednesday that its producer price index — which captures inflation in the supply chain before it hits consumers — showed that wholesale inflation decelerated in August after advancing 0.7% in July. Wholesale services prices fell 0.2% from July on smaller profit margins at retailers and wholesalers, which might be a sign that those companies are absorbing the cost of President Donald Trump’s sweeping taxes — tariffs — on imports.