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PPI Confirms CPI: Energy Shock, Not a Trigger For a Rate Hike
The first rule in reading an inflation report is to ask what kind of inflation it is. Demand inflation, wage-price inflation, tariff inflation, housing inflation, and energy-shock inflation are not the same animal. They do…
Headline CPI Number Is Hot, While Core Inflation Is Not
The financial press needed only minutes to take a hot CPI headline number and turn it into a Fed-panic story. CNN promptly won the ugly-poster-child award, telling viewers that consumer prices “spiked” and that the…
Trump’s America Is Exporting, and the Trade Deficit Is Shrinking .
The latest trade report delivers a simple but powerful message: America is selling more to the world, importing more of what it needs to rebuild at home, and steadily shrinking the trade deficit. This is the…
Trump’s new order secures America’s customs border
A secure border means a safe and prosperous America. That is a central tenet of the Trump presidency. In the first days of President Trump’s second term, he moved with speed and force to halt the…
