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Trump's Tariffs Impact Economy, U.S. Wholesale Prices Soar
BlockBeats News, August 14th: In the United States, wholesale prices surged in July, rising by 3.3% year-on-year, the most significant sign to date that President Trump's tariff policy is seeping into the U.S. economy. The PPI recorded its largest increase since February this year. This index tracks the prices domestic producers receive for their goods and services. The data far exceeded the 2.4% year-on-year increase in June and the expected 2.5% increase by surveyed economists. The two-year U.S. Treasury bond yield and the U.S. dollar, both sensitive to interest rate expectations, rose after the PPI report was released. (FX168)
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