Trump raise prices
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Donald Trump is the kind of president who prefers to never hear bad news at all:
The Bureau of Labor Statistics will skip publication of its delayed report on wholesale-price inflation, and will instead roll those figures into a postponed November report to be published on Jan. 14, the agency said Monday.
The scheduling plans for the producer-price index are the latest piece of the BLS’s efforts to catch up on government statistics that were missed during the government shutdown.
The monthly report on wholesale prices doesn’t get much attention from policymakers on its own, but data from the report are important for the Fed’s preferred inflation indicator, the personal consumption expenditures price index. The delayed PPI figures suggest further challenges ahead for the Fed in getting its hands around the current inflation backdrop.
Heading into their meeting this week, Fed officials will only have the relatively stale September data for consideration.
I think clearly what’s happening here is that the news is so good it would set unrealistic expectations.