Despite China’s exported deflation reaching a 12-year highs…
US Import and Export prices surprisingly rose MoM (Imports +0.2% vs -0.1% exp and Exports +0.2% vs -0.1% exp), but, both import and export prices have deflated YoY for three straight months…
Good news for Powell – another well selected item to use as ammo for rate cuts.
But where are the tariff-driven surges in prices?
via ZeroHedge News https://ift.tt/2TtFOb2 Tyler Durden