No. of Recommendations: 14
Mad King Donald better start cooking those books, because the July PPI cam in HOT, baby, with headline and core both rising by 0.9% for July, their highest monthly readings in more than three years.
And in the past 10 years, only April 2021 had a bigger jump in year-on-year core PPI.
Won't be long before PPI inflation kicks in on the consumer side.
Combine this data with the dramatic rise in layoffs and you'll see where we're probably headed: stagflation.
marketwatch.com - Wholesale prices post biggest surge in three years ppi shows sign of tariff related inflation 