Wednesday, January 15, 2020

Where's the Tariff Inflation??

They told me that prices would skyrocket after Trump smacked Red China with tariffs so that US citizens could find solid employment in THIS country.

U.S. producer prices edged up in December as a rise in the cost of goods was offset by weakness in services, the latest indication of tame inflation pressures that could allow the Federal Reserve to keep interest rates unchanged this year.

The Labor Department said on Wednesday its producer price index for final demand ticked up 0.1% last month after being unchanged in November. In the 12 months through December, the PPI increased 1.3% after gaining 1.1% in November.
S'pose it's possible that the Free Trade Morons were wrong?

Or were they just lying..........?

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