https://www.cnbc.com/2024/05/14/ppi...oint5percent-in-april-more-than-expected.html
Wholesale prices rose 0.5% in April, more than expected
So inflation was a blip? Even with governments "massaging" the figures there is only so much "cooking" you can do. Imagine what the real figures are? Either way inflation seems on course for a repeat of the 70s/80s showing interest rates are way too low. I have said repeatedly interest rates will need to go higher before all this is done. A crash is the only way to fix this joke we created.
P.S. 6 interest rate cuts anyone? Or did they mean rises?![]()
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