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July Rate-Hike Off The Table After Producer Price Inflation Drops Most Since COVID
July Rate-Hike Off The Table After Producer Price Inflation Drops Most Since COVID
Following yesterday's much cooler than expected, Goldman's Rich Privorotsky notes that today’s PPI print matters more for the core PCE read-through (Fed's favorite inflation indicator), particularly healthcare and financial services.
While May's headline PPI print was hot, core was cooler than expected, and June's data release today was expected to show no change in headline producer prices.
In fact, like with CPI, headline Producer prices actually saw deflation (-0.3% MoM), equaling the biggest monthly decline since April 2020. The...
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Apr 23, 2026 / Dave DeCamp
US Forces Board Another Iran-Linked Tanker in the Indian Ocean
The Pentagon said on Thursday that US forces boarded another tanker in the Indian Ocean that it said was carrying Iranian oil, as the US continues to enforce a blockade against Iran. “Overnight, US forces carried out a maritime interdiction and right-of-visit boarding of the sanctioned stateless vessel M/T Majestic X transporting oil from Iran, […]
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Feb 15, 2026 / Kyle Anzalone
Trump’s Greenland, Foreign Policy Unpopular with Americans
A new poll shows that President Donald Trump’s calls to take Greenland and his foreign policy overall are unpopular with Americans. Trump ran on an America First platform that would avoid unnecessary foreign entanglements and wars. According to a new AP-NORC poll, 72% of Americans disapprove of Trump’s handling of Greenland, including 91% of Democrats […]
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Mar 26, 2026 / Tyler Durden
Danish PM Resigns After Disastrous Election Losses For Social Democrats
Danish PM Resigns After Disastrous Election Losses For Social Democrats
When challenging progressives to give an example of a socialized welfare state that actually works, they will invariably bring up Denmark with its extensive public subsidy programs. However, the Dutch system only functions when the population is small and generally homogeneous (mostly European). In the past decade, the far-left Dutch government under the Social Democrats has allowed over 1 million migrants to enter the country with a population of only 5 million.
The non-western population of Denmark is now 10% (or...
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