Gasoline, portfolio management fees boost U.S. producer prices in July

WASHINGTON - U.S. producer prices increased by the most in more than 1-1/2 years in July, but the overall trend in producer inflation remained subdued amid signs the economy’s recovery from the COVID-19 recession was faltering.

Economists polled by Reuters had forecast the PPI would rise 0.3% in July and decrease 0.7% on a year-on-year basis. U.S. stock index futures were trading mixed. The dollar slipped against a basket of currencies. Prices of U.S. Treasuries were down.

First, wear a mask. Then, stores need barriers. Then, 'we don't accept cash'. Okay...safety. Next, there's a cash shortage. Then, a change shortage. Just saw yesterday, there's an aluminum shortage. Where are these shortages coming from, and what's the endgame here?

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China's factory deflation slows in July as recovery gains strengthChina's factory deflation eased in July, driven by a rise in global oil prices and as industrial activity climbed back towards pre-coronavirus levels, adding to signs of recovery in the world's second-largest economy. Says who? Recovery in China is bound to be a fraction, if it is a stage-managed recovery, China would collapse under its impact and disintegrate like the Soviet Union within the next 3 years. China is going to defragmenting like USRRS
Source: Reuters - 🏆 2. / 97 Read more »