Just Throw That Producer Price Index Report In The Trash

Inflation is still here, and not until Biden leaves can we believe any of their reports. Dr Matt Will joins Tony Katz to discuss this and Trump's ERS.

Tuesday’s report from the Bureau of Labor Statistics showed that its producer price index (PPI) — which tracks the price changes companies see — rose 3.3% from the year prior, up from the 3% seen in November but below the 3.5% increase economists had projected. ~ Yahoo Finance

Dr Matt Will joined Tony Katz to discuss:

It (PPI report) says nothing and in fact, I like a headline I just saw on CNBC a few moments ago that says yields little change market little changed market weights for next inflation report because of this inflation report is something you can just throw it in the trash can. That’s how you should interpret it.

The media spin doctors are saying that the economy is going in the right direction because inflation rose at a slower rate than projected, yet we still have an inflation problem.

Throughout the entirety of the Biden administration, the economic reports always get revised anyways (generally in the wrong direction).