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Economy

progree

(11,971 posts)

6. This is very good news for the regime -- wholesale prices dropping by 0.5% in April

Reply to Bernardo de La Paz (Reply #4)

Thu May 15, 2025, 09:08 AM

May 15

which is what Krasnov has been saying all along - that prices are going down.

And the BLS's favored core measure is down 0.1% in April.

Unless the main ppi's drop of 0.5% is so large that one might be worried its a symptom of recession...

Speaking of which, also just out at 8:30 AM ET:

Retail sales slow sharply in April as pre-tariff spending burst reverses
https://finance.yahoo.com/news/retail-sales-slow-sharply-in-april-as-pre-tariff-spending-burst-reverses-123408102.html

Unemployment insurance claims out too: (AI overview, yeah, I'm being lazy)

In the week ending April 26, 2025, initial jobless claims in the US rose to 241,000, the highest level since February and exceeding market expectations. This marks an increase of 18,000 from the previous week's revised figure. The 4-week moving average of initial claims also increased to 226,000. These figures suggest a slight weakening in the labor market, though some economists still see the overall economy as health

Edited to add: These (retail sales and unemployment insurance claims) are NOT recessionary level numbers, but they are slowdown numbers (edited again to add the "NOT" )

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US wholesale prices unexpectedly drop 0.5% in April [View all] progree May 15 OP

You see that word "unexpectantly" is what makes me wonder gab13by13 May 15 #1

Yup. The MarketWatch calendar's group of economists were predicting +0.3% in April for both the regular and core progree May 15 #3

I think reflex cynicism is as bad as reflex credulity. Both should be avoided Bernardo de La Paz May 15 #4

This is very good news for the regime -- wholesale prices dropping by 0.5% in April progree May 15 #6

Prices going down is deflationary. That is NOT good. Case of "careful what you wish for". Bernardo de La Paz May 15 #7

Not what I heard the head of the LA port say yesterday, gab13by13 May 15 #10

He said there "might" be a rush to stock up. Tariffs on most Chinese stuff is 50% (20% pre-existing + 30% tRump) Bernardo de La Paz May 15 #11

Everything I read is that the tariffs on most Chinese goods is 30% -- the 10% universal tariff plus 20% as a sanction progree May 15 #12

Everyone I listened to said the tariff was 30% also. gab13by13 May 15 #14

The PPI is quite volatile (edited) progree May 15 #13

Core PPI ex food&energy is down 0.4%, is it not? Month on month. Annualized it is up 3.1%, which is less than 4.0% March Bernardo de La Paz May 15 #15

I'm getting my Core PPI wo food & energy from Table A "Less Foods and Energy" progree May 15 #16

Very interesting to see the Jan-Apr month to month. Had not seen that together before. Thanks! . . . . nt Bernardo de La Paz May 15 #2

I'm glad you found it helpful 😊 progree May 15 #5

This also helps Krasnov push Powell gab13by13 May 15 #8

"This also helps Krasnov push Powell to cut interest rates." - for sure /nt progree May 15 #9