BREAKING: July PPI inflation rises to 3.3%, above expectations of 2.5%.
Core PPI inflation rose to 3.7%, also above expectations of 2.9%.
Month-over-month PPI inflation is now at its hottest since March 2022.
The Fed remains in a very difficult spot here.
Since you seem clueless, let me explain:
Iโm not knocking the quality of the trade deals. Not the point of my post.
You admitted it yourself โ the tariffs were a negotiation tactic, not actual economic policy. They were constantly paused, delayed, or kicked down the road every 90 days. Thatโs the point.
There were no sustained tariffs weighing down the economy โ so claiming companies beat earnings โdespite tariffsโ is just spin. (As usual)
The market didnโt power through real trade barriers โ it shrugged off empty threats, welcomed the deals, and kept moving.
Earnings didnโt beat despite tariffs. They beat because the tariffs were never really implemented.
Thanks for coming to my Ted talk