Economic News

[1moretimeagain]

Trump says he’s not firing Powell

 

[Mulberry Heel]

Trump says he8s not firing Powell

My guess is someone has told him (probably daily) that if he fires Powell the Stock Market really will tank and our economy will decline into something that even Trump would find hard to spin to his base. That's not to say that he still might not fire him on a wild whim or temper tantrum at some point.

 

[BillOfRights]

Trump says he8s not firing Powell

***PROBABLY*** not firing Powell, which doesn't mean jack shit. TACO.

 

[superrific]

My guess is someone has told him (probably daily) that if he fires Powell the Stock Market really will tank and our economy will decline into something that even Trump would find hard to spin to his base. That's not to say that he still might not fire him on a wild whim or temper tantrum at some point.

He usually floats these balloons and then does what he taunts.

 

[Centerpiece]

“… The Producer Price Index, which measures the average change in prices paid to producers, was unchanged from May, and the annual rate of wholesale-level inflation slowed 2.3%, helped lower in part because of base effects (where the year-ago period experienced higher inflation).

Economists had expected that prices would rise 0.2% on a monthly basis and 2.5% annually, according to FactSet.

… Although gas prices went up in June, falling services prices — particularly at hotels, airlines and car dealerships — drove the overall index lower. Travel and leisure prices have been lower than they typically are, a potential indication that consumer demand dropped off amid a period of high economic uncertainty.

PPI serves as a potential bellwether for price changes consumers may see in the months ahead.…”

Duh