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Uh-Oh! Trade Service Margins Soar Most Ever In PPI Scorcher
It was hot in January. It usually is in the US post-pandemic.
I'm referring to the macro seasonal,
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Warsh will formulate an intellectual framework to justify cuts. That’s his only job. Miran farting out his mouth about how we need 100bps of cuts just this week. It will be the currency that is sacrificed to fund the debt. That’s how it goes.
Miran did downshift from wanting 150 bp to 100 bp.
BLS’ shelter CPI will be artificially too-low through 1H26 due to carrying forward the laughable “0%” from the shutdown. PCE is less weighted to shelter.