If this is ‘price stability’, I really wonder what the academics think price instability would look like
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JUST IN: 🇺🇸 US PPI rises to 6.3%, higher than expectations.
US inflation data released today: Forecast 3.6-3.7%, up from 3.4%
Cash in the bank loses at least that every year by design
Bitcoin is the hurdle rate
Interest rates can't keep climbing.
Interest rates:
BREAKING: Inflation on many everyday items was entirely due to tariffs, NY Fed has said per CNBC
Put another way, consumer prices would've DECLINED the past two years without the tariffs.
Brutal.
SScott LincicomeXView on XNew from @NewYorkFed: Trump's 2025-26 tariffs contributed 2.9 percentage points to US goods price inflation, via higher prices for imports AND domestic goods.
Without the tariffs, "goods prices would have fallen slightly." 😯
The top 0.1% of US households now own 15% of all household wealth, a record high.
Meanwhile, the bottom 50% own just 2%.
The wealth gap has never been wider.