August 12, 2016

IT'S A DEFLATIONARY EPOCH:

US Producer Price Index down 0.4% in July vs. 0.1% increase expected (Reuters, 8/12/16)

U.S. producer prices unexpectedly fell in July on declining costs for services and energy products, pointing to a tame inflation environment that could make it difficult for the Federal Reserve to raise interest rates.

If economists took results as seriously as their ideas, there'd be resulting pressure to lower rates.

Posted by at August 12, 2016 8:59 AM

  

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