Economic News

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Mulberry Heel said:
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.
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He usually floats these balloons and then does what he taunts.
 
nycfan said:


“… 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.…”
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Duh
 
Nope! The Trump economy sucks. It's an abject disaster. Nobody can afford anything anymore. Inflation is killing us. We are headed for Great Depression 2.0!

(That's how it works, right?)
 
nycfan said:
The economy just keeps chugging along.
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I don't know. It's really hard to make sense of the numbers right now. I think there are a lot of inventory effects clouding things. Too much contradiction. Maybe I just need a better model but there are too many different reports that seem to be not making sense.
 
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