BUILDING TRADE RHETORIC MAY UNDERPIN NEXT SURGE IN BOND YIELDS
It appears according to the latest Philly Fed that business-people of Philadelphia are now more worried about inflation in the next 6 months than at any time since 1988 (shooting up a whopping 23 points to 56.6)...
But what the chart says is more concerning for the average joe as this is the bank’s six-month outlook index for prices received by producers - in other words: what consumer prices are expected to do.
While the gauges are volatile and expectations often differ from reality, Bloomberg notes that the increase is consistent with the trend of budding cost pressures and shows manufacturers are going to test the end-market’s tolerance of higher prices.
Keep it going President Trump!!!!!