The OBiden hits keep coming. Producer inflation raged to a record level in April.
The American people know this, even if the OBiden regime wants to ignore it, or blame Putin.
In April, the rise in the index for final demand is primarily attributable to a 1.3-percent advance in prices for final demand goods, reported Zero Hedge.
It seems financial markets have finally noticed what OBiden is doing, are this morning are continuing the appropriate selloff to American economic policy under this regime.
Continuing Jobless Claims (Apr 29) printed at 1.343M vs 1.38M consensus estimate.
Initial Jobless Claims (May 6) printed at 203k vs 195k estimate.
Initial Jobless Claim 4-week average (May 6) printed at 192.75k.
Producer Price Index (MoM) (Apr) printed at the estimate of 0.5%.
Producer Price Index (YoY) (Apr) printed at 11% vs 10.7% estimate.
Producer Price Index ex Food & Energy (MoM) (Apr) printed at 0.4% vs 0.6% estimate.
Producer Price Index ex Food & Energy (YoY) (Apr) printed at 8.8% vs 8.9% estimate.
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