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#PPI came in way above expectations AGAIN.
This is more bad news for those awaiting an interest rate cut.
I will say it again - So much for Trump bullying the last Fed Chair. Trump's insistence on lower rates would have been catastrophic if Powell had acquiesced.
Though Trump is a Master of fake news in order to manipulate markets and line his pockets - "allegedly"
Its ordinary people who are paying via higher prices as we see in the numbers.