US wholesale inflation flat

    by Flint: Donald Trump

    US wholesale inflation didn't budge over the past month, landing below the +0.2% that was expected. "Expected +0.2%, comes in LOWER, only goose eggs: ZERO!" That's a win for President Trump and his economic push

    Transcript (en)

    My number, final demand month over month, expected up two-tenths, comes in lower. Only goose eggs, zero, zero. That would be the highest rate of inflation because last month was negative since it was up six-tenths in May. So better than expected there. And as I said, minus three-tenths last month now becomes minus one-tenth. Let's strip out food and energy. Comes out up two-tenths, one-tenth lighter than expectation. strip out food energy and trade this one's a little warmer we're expecting up three tenths it comes up four tenths that would be the highest since it was up eight tenths in may now let's