Heterodox
September producer prices confirm economic tailwind has ended – by New Deal democrat My strong suspicion has been that the tailwind of declining commodity prices, typified by the big decline in gas prices in late 2022 is what allowed the US economy to grow so well so far this year, blunting the effects of major Fed interest rate hikes. For the last several months, my focus has been whether that decline is over. This morning’s producer price...
Read More »September producer prices confirm economic tailwind has ended
