Trump Effect: August Inflation MUCH LOWER than Expected

Wholesale inflation for August was 2.6% — crushing expectations  year-over-year. Once again proving it doesn’t pay to be a panican!
 

What they are saying about the new August PPI Report:

• CNBC: "That's a real shocker... the idea that inflation is so much weaker than anticipated."
• Adam Johnson, Portfolio Manager of the Bullseye American Ingenuity Fund: “This is fantastic news! Producer prices MUCH lower than we thought…”
• SQUAWKBOX: "Boy, I'm surprised — real progress here! 2.6% on year-over-year headline. We were expecting 3.3%!"
• Allianz Chief Economic Advisor Mohamed El-Erian: "What we're learning is that the final [tariff] impact on the consumer is MUCH less than people expected.”
• FOX BIZ: "That tariff [price] impact... not seeing it — and here we go with a VERY POSITIVE and good inflation report coming out."

President Trump is demonstrating what happens when you put America First.