Loading ...Retail Sales missed: -0.9% vs. -0.6% expectations, ex. food -0.3% vs. 0.2%. Recessionary.
Export prices -0.9% vs. expectation -0.1%, Import prices up 0.2% vs. 0.1%
The fact that with all the terror about tariffs being inflationary, they are not. Unless oil gets out of control, we will be looking at deflation, I’d argue we’re already seeing it. My grocery bills are falling nicely. That $30 box of 60 eggs is now $13, on its way back toward $7. Cucumbers $.64 ea, Roma’s $.97 lb, we even picked up some blueberries for $1 an container, usually $4.
The Fed has crushed the economy. They should be cutting bigly, right now. Maybe now that Trump is going to get us involved with Iran, they’ll cooperate. Geesh.