Five Stories Moving the Market:
topic: Dimon makes statement
Would expect criticism of Powell from more then just WH after PPI print of 0%
PPI is right in there with Tariffs are inflationary which Powell has used to justify restrictive monetary stance.
According to the Fed surveys, producer prices have been dropping for several months. It feels more like companies are using the media hype as an opportunity to increase prices.
topic: Dimon makes statement
Would expect criticism of Powell from more then just WH after PPI print of 0%
PPI is right in there with Tariffs are inflationary which Powell has used to justify restrictive monetary stance.
According to the Fed surveys, producer prices have been dropping for several months. It feels more like companies are using the media hype as an opportunity to increase prices.