Falling responses, budgets & staff are biting. #BLS will cut 350 #ProducerPriceIndex #inflation sub-indexes.
It'll be harder to gauge effects of #supplychain disruptions, #tariffs, #monetary, #fiscal & #regulatory #policy and more.
www.bls.gov/ppi/notices/...
#econsky #PPI @aaronsojourner.org
Posts by Pedro da Costa
Fed independence at even greater risk than markets realize, former top Treasury adviser says www.mnimarkets.com/articles/mni...
MNI INTERVIEW: Fed Independence Key To Sustaining Inflation Fight, Former Gov. Raskin Says www.mnimarkets.com/articles/mni...
Fed Backing Away From 2025 Rate Cuts, Says Ex-Richmond Fed President Jeff Lacker www.mnimarkets.com/articles/mni...
"We're seeing three months in a row or prices paid above 60 and it hasn't been like that since March of 2023, near the end of the severe inflationary period. That's an area of concern to see if that continues." - ISM services survey chief marketnews.com/mni-intervie...
NY Fed survey finds "firms expect both cost and price increases to move higher in 2025." libertystreeteconomics.newyorkfed.org/2025/03/firms-
Banxico appears on the verge of its first rate cut in this cycle, a momentous decision that has officials wondering what kind of forward guidance they should deliver to financial markets marketnews.com/mni-policy-b...
US consumer savings to underpin demand into 2024, SF Fed economists say marketnews.com/mni-intervie...