Locator: 49061INFLATION.
PPI ex energy and food came in at a negative number! But even more extraordinary, the expectations were for an increase in inflation. The estimate was not trivial: the estimate has been for an increase of 0.3%.
In fact, the PPI ex energy and food came in at -0.1%.
The experts and the CNBC anchors and talking heads: it get tedious.
Clearly it's time for JPow to lower rates ... by ... 75 basis points. LOL.
The jobs market is crashing and except for a few bright spots in Texas and California's Silicon Valley, the American economy is not doing well.
