Post #16559 by commonone on the US Policy board

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Red hot? Whatever. Today's another day and more data:

US PPI inflation came in better than the consensus forecasts with 0.2% month-on-month increase in producer prices, versus the consensus forecast of 0.3%, and 2.1% annually versus 2.2%.

Sorry, Armageddon averted.

Ya' know what it looks like? Looks kinda' like corporations are using inflation as cover to raise prices and rake in record profits at the expense of middle-class American families.

Oh, and weekly jobless claims came in at 211,000, lower than the consensus forecast.

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