Producer inflation comes in at a scorching 6.2% annualized.

Producer inflation comes in at a scorching 6.2% annualized. Thrilling the easy-money Welfare Queens on Wall Street.

That makes 6 months now of accelerating inflation, both at the consumer and the producer level.

The biggest jumps were energy and government spending, but… pic.twitter.com/XcYqwTj5jr

— Peter St Onge, Ph.D. (@profstonge) May 15, 2024

Producer inflation comes in at a scorching 6.2% annualized. Thrilling the easy-money Welfare Queens on Wall Street. That makes 6 months now of accelerating inflation, both at the consumer and the producer level. The biggest jumps were energy and government spending, but inflation’s taking off across the board. Wall Street, of course, cheered. Because they’re praying for an economy so bad the Fed turns back on the easy money.

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