AI
Wednesday, June 14, 2023 12:44:40 PM
BLS reported PPI for May and it's negative. Inflation at the producer level is down .3%. Cost of goods is down 1.6% almost entirely based on the fall in energy prices. Fully 60% just in the price of gasoline. If energy prices stay low or continue to fall this will bode well for the June CPI.
The stock market is a device for transferring money from the impatient to the patient. - WB
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