Trump Torments The Biden Administration Over Budget Cuts
In his podcast addressing the markets today, Louis Navellier offered the following commentary. PPI Continues To DeclineOn Thursday, the Labor Department announced that the Producer Price Index (PPI) rose 0.2% in April and 2.3% in the past 12 months. The big surprise was that the March PPI was revised to a decline of -0.4%, which helped the annual PPI dramatically decelerate to a 2.7% annual pace through March. Food prices declined -0.5% in April, while energy prices rose 0.8%. The core PPI, excluding food, energy and trade services, rose 0.2% in April and 3.4% in the past 12 months. Wholesale ...