BREAKING: May PPI Inflation surges to 6.5%, above expectations of 6.4% and the highest level since November 2022.
Core PPI Inflation came in at 4.9%, in-line with April's revised levels.
PPI inflation is now at pandemic stimulus levels.
Odds of rate HIKES continue to rise.
CFTC PUTS ENTIRE STAFF ON LEAVE PENDING INVESTIGATION INTO POTENTIAL LAW VIOLATIONS, GOVERNMENT ETHICS REQUIREMENTS, AND PROFESSIONAL RULES OF CONDUCT⚠️
TARIFFS NOW LIVE:
1. 25% tariffs on all good from Mexico to US
2. 25% tariffs on all goods except energy from Canada to US
3. 20% tariffs on many goods from China to US
4. 10% tariffs on energy from Canada to US
5. 25% retaliatory tariffs on up to $155B of goods from US to Canada
The trade war has officially begun.