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Construction spending posts bigger-than-expected drop in May

admin by admin
July 1, 2024
in Business
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Construction spending fell 0.1% in May, the Commerce Department reported Monday.



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The Fed's worst nightmare is officially here:

Today's data confirms ALL 3 inflation metrics are back on the rise.

For the first time since February 2022, Core CPI, PCE and PPI inflation are now rising at the SAME time.

Did the Fed spark a new wave of inflation?

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BREAKING: Canada is considering retaliatory tariffs on items from the US after Donald Trump announced he would impose a 25% tariff.

Trump said the tariffs on Canada and Mexico will be due to open borders, drugs, and illegal aliens.

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kobeissiletter The Kobeissi Letter @kobeissiletter ·
16h

The Fed's worst nightmare is officially here:

Today's data confirms ALL 3 inflation metrics are back on the rise.

For the first time since February 2022, Core CPI, PCE and PPI inflation are now rising at the SAME time.

Did the Fed spark a new wave of inflation?

(a thread)

Reply on Twitter 1861858357440651714 Retweet on Twitter 1861858357440651714 699 Like on Twitter 1861858357440651714 3370 Twitter 1861858357440651714
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Bullish positions by asset managers, leveraged funds, and other investors have QUADRUPLED in just 18 months.

The number of held contracts is TWICE as…

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