The producer price index (PPI) for all finished goods increased 0.3% seasonally adjusted in the month of August, the U.S. Bureau of Labor Statistics reports. In July, prices for finished goods were unchanged. The 12 month change in the price of goods is an increase of 1.4%. This is down from July when the 12 month change was 2.1%.
The core PPI, which excludes food and energy, was flat in August. This follows a 0.1% increase in July.
In his first-quarter letter to investors of Greenlight Capital, David Einhorn lashed out at regulators. He claimed that the market is "fractured and possibly in the process of breaking completely." Q1 2021 hedge fund letters, conferences and more Einhorn claimed that many market participants and policymakers have effectively succeeded in "defunding the regulators." He pointed Read More
The annual changes in U.S. inflation measures: