Tariffs pull, USMCA pushes: Toyota to Texas

President Trump summed up Toyota’s stunning Tacoma pickup truck announcement in three words: “Tariffs at work!” He is absolutely right. And the shortfalls of the U.S.-Mexico-Canada Agreement on trade are part of the story, too.  Toyota is putting $3.6…

June CPI Throws Cold Water On Fed Rate Hawks

This wasn’t egg on the face.  It was a whole omelet.On Monday, Fed Governor Christopher Waller was effectively putting a rate hike back on the table if this week’s core inflation number came in hot. On…